ABSTRACT

The need for continued analysis and evaluation of the international financial system is as pressing now as it was when this book was originally published. This volume provides an in-depth analysis of certain aspects of the international financial system. Specifically it addresses four of the most important financial and monetary issues of the present time: exchange rate, capital markets, international banking and external debt and international financial management.

chapter 1|10 pages

Introduction

ByDominick Salvatore, Fatemi

part 1|80 pages

Foreign Exchange Issues

chapter 3|19 pages

Pricing Options on a Constrained Currency I ndex: Some Simulation Results

ByTom Berglund, Staffan Ringbom, Laura Vajanne

chapter 6|12 pages

Time-Varying Risk Premia and the Efficiency of the New Zealand Foreign Exchange Market

ByDimitri Margaritis, Phay Hoon Teo

part 2|98 pages

Capital Markets

chapter 8|13 pages

Optimal Leverage of a Dynamically Competitive Firm

ByDilip K. Ghosh

chapter 10|12 pages

International Co-movements of Capital Markets: Evidence from Two Scandinavian Stock Markets

ByTeppo Martikainen, Ilkka Virtanen, Paavo Yli-Olli

chapter 11|11 pages

Defeased Debt in International Capital Markets: Benefits and Problems

ByEmiel W. Owens, Ronald F. Singer

chapter 13|8 pages

The “Round-Tripping” Effect of Debt–Equity Swaps

ByM. T. Vaziri, Hossein Shalchi

chapter 14|22 pages

Emerging Capital Markets and Economic Development

ByEdgar Ortiz

part 3|49 pages

International Financial Management

chapter 15|13 pages

Conditional Heteroskedasticity in Stock Returns: International Evidence

ByAlbert Corhay, Alireza Tourani Rad

chapter 17|7 pages

Survival Analysis of Business Failures

ByRafael Solis

part 4|34 pages

International Banking and External Debt

chapter 22|10 pages

MIGA: A New Kid on the Block

ByJames C. Baker