Author : Jeffrey A. Frankel
Release : 2008-04-15
Genre : Business & Economics
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Book Rating : 216/5 ( reviews)

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The Internationalization of Equity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Internationalization of Equity Markets write by Jeffrey A. Frankel. This book was released on 2008-04-15. The Internationalization of Equity Markets available in PDF, EPUB and Kindle. This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model.