Aspects of Globalisation: Macroeconomic and Capital Market Linkages in the Integrated World Economy / Edition 1

Aspects of Globalisation: Macroeconomic and Capital Market Linkages in the Integrated World Economy / Edition 1

by Christopher Tsoukis
     
 

ISBN-10: 140207364X

ISBN-13: 9781402073649

Pub. Date: 12/31/2003

Publisher: Springer US

The aim of this collection of original papers is to provide a fairly broad sample of advanced research work related to key economic and capital-market aspects of international integration. Such aspects include labour and capital mobility, foreign direct investment, European integration, global capital market linkages and banking, dollarisation of the Americas, and

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Overview

The aim of this collection of original papers is to provide a fairly broad sample of advanced research work related to key economic and capital-market aspects of international integration. Such aspects include labour and capital mobility, foreign direct investment, European integration, global capital market linkages and banking, dollarisation of the Americas, and the East Asian crises. Such issues continue to dominate the headlines in both policy-making and academic debates. Reflecting on the breadth of its scope, Aspects of Globalisation is intended to serve a varied audience. Being at the forefront of research, it should appeal to academics, researchers and postgraduate students interested in new approaches and ideas for future research. To this end, the editors have encouraged the contributors to pursue varied themes and raise new issues, approach their subject matter in an analytically rigorous way, and to include fairly extended review sections within their papers, so as to make them useful to a wider readership. Furthermore, diverse methodologies are followed, including the widespread use of state-of-the-art econometrics, reflecting the recent trend in economic analysis. Equally importantly, many of the papers offer clear-cut policy conclusions and should therefore be of direct relevance to policy-minded analysts and policy-makers. We thus hope that the papers included here will provoke further research and ideas as well as contribute to ongoing policy debates. Its diversity, rigour and scope should be positive attributes of the volume and should make it a useful source of information for researches and policy-makers alike.

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Product Details

ISBN-13:
9781402073649
Publisher:
Springer US
Publication date:
12/31/2003
Series:
Studies in Philosophy and Religion Series
Edition description:
2004
Pages:
248
Product dimensions:
6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

Dedication
List of Figures
List of Tables
List of Contributors
Preface
Acknowledgements
Ch. 1Introduction1
Ch. 2International Migration in A Growing World Economy: A Simple Analytical Framework13
Ch. 3Saving-Investment Cointegration Revisited: Implications for Capital Mobility, External Solvency and the Intertemporal Approach29
Ch. 4Is the Feldstein-Horioka Puzzle Really a Puzzle?49
Ch. 5Twin Deficits, Real Interest Rates and International Capital Mobility67
Ch. 6The Determinants of Foreign Direct Investment: A Panel Data Study for the OECD Countries83
Ch. 7European Integration and Foreign Direct Investment103
Ch. 8Transparency and the Strategic Use of Private Information in Monetary Policy: A Particular European Problem?121
Ch. 9Eurobond Market Integration151
Ch. 10Contextualising Bank Failures: An International Comparison165
Ch. 11The Prospect of Dollarization: Are the Americas an Optimum Currency Area?183
Ch. 12The Genesis of the South-East Asian Crisis: The External Solvency of the Tiger Economies201
Ch. 13Feedbacks between Stock Prices and Exchange Rates215
Index243

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