This paper attempts to extend the range of countries covered by the IMF`s multilateral real exchange rate indexes based on relative unit labor costs (REER-ULCs) in manufacturing. A data set was assembled that permits calculation of REER-ULCs for 23 newly industrialized, developing, and...

As globalization of the Indian bourses continue, the role of international stock indices in Indian markets is likely to become more prominent. This paper studies the effect that the inclusion of Indian firms in an international stock index has on their price and traded volume. An empirical...

In this paper, I combine long multi-country time series data for interest rates and stock returns with the institutional evidence for much earlier centuries amassed by economic historians to study the question of financial globalization and how it has altered since the late classical era. At...

Passage of the Sarbanes-Oxley Act of 2002 followed hard on the collapses of Enron and WorldCom. Waste makes haste. It was legislation drafted in anger. Five years later, and after three official reports, US government agencies and financial market participants worry that the New York may have...

This paper is a first contribution to a relevant topic which is both theoretical and practical at the same time. Italian financial intermediaries are now obliged to find urgent solutions: in a very short time they have to invest huge sums to implement MIFID compliant procedures and behaviours....

The following paper is in line with current literature on the topic as it examines the correlation of stock prices changes in Poland and international financial markets. It will try to find the answer to the question: what is the degree to which price movements on Warsaw Stock Exchange are...

The paper introduces three measures of the international financial sector and presents the ranking of countries based on these measures. The International Finance Index measures the absolute size, the International Finance Location Quotient measures the level of development, and the...

The implementation of the 'Lamfalussy Process' initiated a period of development, adaptation and positive feeling towards the EU's financial regulatory structure. However, some circumstances and experiences from the process' application flatten the high geared expectations created during the...

The paper defines corporate governance and explains the reasons for its becoming an important issue pursued by many countries in the last decade. Next, the paper reviews how corporate governance issues are addressed in the listing rules of the Cairo amp; Alexandria Stock Exchanges. The paper...