LEADER 04600nam 2200733 a 450 001 9910784837303321 005 20230911222426.0 010 $a1-281-43093-5 010 $a9786611430931 010 $a0-226-26021-6 024 7 $a10.7208/9780226260211 035 $a(CKB)1000000000406758 035 $a(EBL)408545 035 $a(OCoLC)476229549 035 $a(SSID)ssj0000181777 035 $a(PQKBManifestationID)11164435 035 $a(PQKBTitleCode)TC0000181777 035 $a(PQKBWorkID)10160428 035 $a(PQKB)11669546 035 $a(DE-B1597)535665 035 $a(OCoLC)781254972 035 $a(DE-B1597)9780226260211 035 $a(Au-PeEL)EBL408545 035 $a(CaPaEBR)ebr10230051 035 $a(CaONFJC)MIL143093 035 $a(NBER)w4590 035 $a(MiAaPQ)EBC408545 035 $a(EXLCZ)991000000000406758 100 $a19940603d1994 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 04$aThe Internationalization of equity markets /$fedited by Jeffrey A. Frankel 210 1$aChicago :$cUniversity of Chicago Press,$d1994. 215 $a1 online resource (428 pages) 225 1 $aA National Bureau of Economic Research project report 300 $a"The papers were originally presented at a conference held in San Francisco, California, on October 1-2, 1993."--Pref. 311 0 $a0-226-26001-1 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tContents --$tPreface --$tIntroduction --$t1. A Test of the International CAPM Using Business Cycles Indicators as Instrumental Variables --$t2. An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns --$t3. Tests of CAPM on an International Portfolio of Bonds and Stocks --$t4. International Equity Transactions and U.S. Portfolio Choice --$t5. The Effect of Barriers to Equity Investment in Developing Countries --$t6. International Experiences with Securities Transaction Taxes --$t7. Price Volatility and Volume Spillovers between the Tokyo and New York Stock Markets --$t8. What Moves the Discount on Country Equity Funds? --$tContributors --$tAuthor Index --$tSubject Index 330 $aThis timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model. 410 0$aNational Bureau of Economic Research project report. 606 $aSecurities$vCongresses 606 $aInternational finance$vCongresses 606 $aStock exchanges$vCongresses 606 $aPortfolio management$vCongresses 606 $aInvestments, Foreign$vCongresses 610 $ainternationalization, market integration, foreign investment, stock prices, japan, equities, bonds, banking, national financial systems, government, regulation, nonfiction, finance, economics, diversification, investors, investing, trading, country funds, returns, efficiency, capital asset pricing model, controls, risk, covariances, variances, securities, portfolio management, business cycles, volume spillovers, price volatility. 615 0$aSecurities 615 0$aInternational finance 615 0$aStock exchanges 615 0$aPortfolio management 615 0$aInvestments, Foreign 676 $a332.63/2 701 $aFrankel$b Jeffrey A$0118986 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910784837303321 996 $aThe Internationalization of equity markets$93747199 997 $aUNINA