International

International Financial Integration

By - Marston, Richard C.
ISBN 10 - 0521599377
ISBN 13 - 9780521599375
Book Status - 2 Qnty Available with us.
Shelf No - 17
Call Number - 332.82 MAR
Physical Description - xii, 197 pages : illustrations ; 24 cm
Notes - Includes Index
Book Information

Call no: 332.82 MAR

In the past two decades, national financial markets in the major industrial countries have undergone a revolutionary change. Market pricing has replaced price-setting by government regulation or market conventions, and the removal of capital controls has opened national markets to international competition. Along with changes in markets has come improved understanding of how interest rates across different currencies are related. This study examines the progress in integrating the financial markets of the Group of Five (G-5) 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.

Open Book