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International Financial Integration : A Study of Interest Differentials between the Major Industrial Countries - Richard C. Marston

International Financial Integration

A Study of Interest Differentials between the Major Industrial Countries

Paperback Published: 8th September 1997
ISBN: 9780521599375
Number Of Pages: 212

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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.

Preface
Determinants of interest differentials: an introduction
The deregulation of national markets
Liberalization of national capital controls
Nominal interest differentials
Exchange rates and interest rates in the European monetary system
Real interest differentials
Progress towards international financial integration
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521599375
ISBN-10: 0521599377
Series: Japan-US Center UFJ Bank Monographs on International Financial Markets
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 212
Published: 8th September 1997
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.2
Weight (kg): 0.32