International Capital Markets, August 2001

International Capital Markets, August 2001 PDF Author: Mr.Donald J. Mathieson
Publisher: International Monetary Fund
ISBN: 9781589060562
Category : Business & Economics
Languages : en
Pages : 250

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Book Description
This paper reports the on-off nature of emerging market access to international capital markets appears to have become a key characteristic of international financial markets. Emerging market borrowers have begun to adapt: when the market for US dollar-denominated bonds has closed, these borrowers turn to the syndicated loan markets, attempt to issue in bonds denominated in euro or yen, or issue in local-currency bond markets. In addition, they employ staff with extensive experience in investment banking and securities trading, exploit “windows of opportunity” to prefund their yearly financing requirement, and engage in debt exchanges to extend the maturity of their debt and avoid a bunching of maturities. The consolidation of financial institutions is driven by attempts to exploit economies of scale and scope, and technological advances such as the Internet and deregulation that facilitate universal banking activities are making it easier to reap such economies. Advances in technology are also transforming the securities trading industry.

International Capital Markets, August 2001

International Capital Markets, August 2001 PDF Author: Mr.Donald J. Mathieson
Publisher: International Monetary Fund
ISBN: 9781589060562
Category : Business & Economics
Languages : en
Pages : 250

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Book Description
This paper reports the on-off nature of emerging market access to international capital markets appears to have become a key characteristic of international financial markets. Emerging market borrowers have begun to adapt: when the market for US dollar-denominated bonds has closed, these borrowers turn to the syndicated loan markets, attempt to issue in bonds denominated in euro or yen, or issue in local-currency bond markets. In addition, they employ staff with extensive experience in investment banking and securities trading, exploit “windows of opportunity” to prefund their yearly financing requirement, and engage in debt exchanges to extend the maturity of their debt and avoid a bunching of maturities. The consolidation of financial institutions is driven by attempts to exploit economies of scale and scope, and technological advances such as the Internet and deregulation that facilitate universal banking activities are making it easier to reap such economies. Advances in technology are also transforming the securities trading industry.

Globalization in Historical Perspective

Globalization in Historical Perspective PDF Author: Michael D. Bordo
Publisher: University of Chicago Press
ISBN: 0226065995
Category : Business & Economics
Languages : en
Pages : 600

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Book Description
As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.

International Financial Markets

International Financial Markets PDF Author: Richard M. Levich
Publisher: McGraw-Hill/Irwin
ISBN: 9780071153645
Category : International finance
Languages : en
Pages : 663

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Book Description


Capital Markets, Globalization, and Economic Development

Capital Markets, Globalization, and Economic Development PDF Author: Benton E. Gup
Publisher: Springer Science & Business Media
ISBN: 0387245634
Category : Business & Economics
Languages : en
Pages : 226

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Book Description
Capital Markets, Globalization, and Economic Development consists of fourteen articles contributed by authors from Australia, Asia, Europe, South America, and the United States who provide a wide range of insights. The contributors include academics, government officials, and regulators. This book examines some of the capital market issues that economies face as they mature. These include, but are not limited to, credit ratings, financial regulation, infrastructure privatization and other timely topics.

New Ways for Managing Global Financial Risks

New Ways for Managing Global Financial Risks PDF Author: Michael H. Hyman
Publisher: John Wiley & Sons
ISBN: 0470030488
Category : Business & Economics
Languages : en
Pages : 166

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Book Description
Looks at the present state-of-the-art in global financial risk management, and then at the innovations and solutions that are being developed to solve the problems with current methodologies. The author presents a closely reasoned explanation of why the traditional quantitative methods are no longer adequate and argues the case for the hybrid instrument that will arise from the merging of the capital and insurance markets. New Ways for Managing Global Financial Risks will allow readers to think differently about how global financial risk is managed, and how to simplify the process.

Ghana

Ghana PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451814968
Category : Business & Economics
Languages : en
Pages : 72

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Book Description
Ghana’s macroeconomic performance has continued to improve, and the program’s objectives are being met. Progress has also been made toward achieving the Millennium Development Goals. Public expenditure and financial management has shown improvement. The medium-term outlook appears favorable and the economy is poised for acceleration in growth. Recent petroleum price adjustments have delayed the disinflation process. The transparency of exchange rate policy is essential. Executive Directors agree with the government’s determination to lay a strong foundation for the private sector to lead growth.

Sustaining China's Economic Growth After the Global Financial Crisis

Sustaining China's Economic Growth After the Global Financial Crisis PDF Author: Nicholas R. Lardy
Publisher: Peterson Institute
ISBN: 088132647X
Category : China
Languages : en
Pages : 213

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Book Description


Handbook on China's WTO Accession and Its Impacts

Handbook on China's WTO Accession and Its Impacts PDF Author: Cheong Ching
Publisher: World Scientific
ISBN: 9812380612
Category : Business & Economics
Languages : en
Pages : 460

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Book Description
It has taken China 15 long years of tough negotiations to achieve accession to the World Trade Organization (WTO). By becoming a full member of the WTO, China has in fact made three tiers of commitments. The first tier is the commitment to the objectives of the WTO, such as free trade, most-favoured nations, national treatment and transparency, as expounded in the various documents setting up the organization and its predecessor, the GATT. The second tier is the commitment to the set of rules governing trade for specific sectors, such as agricultural and textile goods, or information technology and telecommunications. This is set out in China's accession protocol. The third tier is the commitment to bilateral agreements which China signed with her major trading partners. Their support is mandatory before China can be admitted to the WTO and therefore she has to satisfy each of them through elaborate bilateral negotiations. This handbook highlights the important commitments that China has made to the international community and analyzes the potential impact of such commitments on China.Part I of the book outlines China's commitments to convert her economy from a centrally planned one to a free market one as far as cross-border movement of goods, services and personnel is concerned. It reproduces China's commitments in a tabular format to facilitate reading, and is supplemented with brief references to WTO regulations where appropriate so that readers get to know how China's commitments relate to WTO obligations. Part II examines the impacts of China's WTO membership as a whole and on her specific economic sectors. Part III consists of Tables and Figures selected from a Report compiled by the US General Accounting Office, presenting some of the Office's analysis and findings of China's commitments on WTO accession.Appendix 1 lists all the legal instruments pertaining to China's accession to the WTO. Appendix 2 reprints the Protocol of China's Accession. China's schedule of commitments on services, rearranged in a format more comprehensible to the general reader, is included as Appendix 3, so that concerned readers can find out for themselves how their professions may be affected. Appendix 4 reprints the GATS Services Sectoral Classification GNS/W/120 and part of the CPC Provisional version. This appendix is attached to facilitate readers to check whether their specific professions, which are spelt out in 3?6 digit codes, are included in Chinese commitments.

Widen the Market, Narrow the Competition

Widen the Market, Narrow the Competition PDF Author: Daniel Mügge
Publisher: ECPR Press
ISBN: 178552092X
Category : Political Science
Languages : en
Pages : 134

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Book Description
EU capital markets have changed radically over the past 20 years. In the 1980s, countries had their own financial industries and rules. Now there is one 'Champions League' of banks, and member states have transferred crucial regulatory powers to Brussels. Drawing on policy documents and more than fifty in-depth interviews, Widen the Market, Narrow the Competition argues that financial industry interests have been key to this power shift. Continental banks initially feared a single European market, and governments followed their protectionist impulses. In the 1990s the mood changed, and the likes of ABN AMRO and Deutsche Bank rushed into international investment banking. They emerged as the crucial lobby for the supranational governance in place today. Linked by the interests of centrally placed firms, EU financial integration and supranational governance have been two sides of the same coin. At the same time, national parliaments and ordinary citizens have been pushed to the sidelines.

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets

Curbing the Boom-Bust Cycle: Stabilizing Capital Flows to Emerging Markets PDF Author: Williamson, John
Publisher: Peterson Institute
ISBN: 9780881325966
Category :
Languages : en
Pages : 160

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Book Description