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International Financial Integration

International Financial Integration

Paperback

Series: Japan-Us Center Ufj Bank Monographs on International Financi

EconomicsInvesting & Finance

ISBN10: 0521599377
ISBN13: 9780521599375
Publisher: Cambridge University Press
Published: Apr 13 1997
Pages: 212
Weight: 0.65
Height: 0.60 Width: 6.00 Depth: 8.90
Language: English
This study examines the progress made in integrating the financial markets of the major industrial countries: Britain, France, Germany, Japan, and the United States. Professor Marston shows that deregulation and liberalization have succeeded to such an extent that interest rates in any single currency are nearly the same regardless of whether they are offered in national or Eurocurrency markets. The analysis examines returns in the money and bond markets of these countries, investigating whether there are systematic variations in relative returns across markets.

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Economics