Globalization of financial markets : causes of incomplete integration and consequences for economic policy
Author(s)
Bibliographic Information
Globalization of financial markets : causes of incomplete integration and consequences for economic policy
(Kieler Studien, 328)
Springer, c2004
Available at 13 libraries
  Aomori
  Iwate
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  Tochigi
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  Tokyo
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  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
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  Gifu
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  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
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  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
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  United States of America
Note
Includes bibliographical references (p. [230]-247) and index
Description and Table of Contents
Description
The internationalization of financial markets is one of the focal points in the discussion about recent globalization trends. These discussions suggest that capital can move freely between countries. However, there is ample evidence that national borders do matter and that there are many implicit and explicit barriers to integration. Understanding the factors that unify and that separate financial markets and thus reconciling these two stylized facts is at the core of this book. While the main focus of the empirical work is on banking industry, results are yet informative also with regard to developments in other financial market segments. Also, the book uses European financial integration as a case study for general integration trends.
Table of Contents
Motivation.- Integration of Financial Markets: Stylized Facts.- The Economics of International Banking.- Information Costs versus Regulations as Causes for Financial Segmentation.- The Impact of Financial Segmentation on Transmission Mechanisms.- Summary of Results and Policy Implications.
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