ABSTRACT

This volume uses the original research of experienced contributors to explore recent changes in financial markets. Areas discussed include Latin America, Europe, the USA, Mexico and India. The book updates issues including:

* Risk and its minimization
* Business enterprise on world markets
* Capital flows and capital flight
* Offshore markets
* Central bank intervention

chapter 1|14 pages

Introduction

The global structure of financial markets: an overview

part |101 pages

Global Capital Markets

chapter 3|5 pages

On The Estimation Of Global Beta

The global structure of financial markets: an overview

chapter 6|17 pages

Latin American Equity Markets

Benefits from diversification and currency hedging

part |109 pages

Global Foreign Exchange Markets

chapter 12|10 pages

Exchange Rate Theories and the Behavior of Exchange Rates

The record since Bretton Woods

chapter 13|9 pages

Forward and Futures Markets

Conceptual differences and computational illustrations

chapter 14|14 pages

Immunizing Currency Risk in International Trade and Finance

The development of a SDR futures market

part |102 pages

Capital Flows in the Global Structure

chapter 21|12 pages

External Capital Flows To Developing Countries

Prospects for the 1990s

chapter 24|15 pages

Re-Exploring Financial Diversification

The Mexican case

chapter 27|10 pages

Offshore Markets And Capital Flows

A theoretical analysis