The Integration of International Capital Markets: Theory and Empirical Evidence

The integration of international capital markets, propelled by the information technology revolution and the creation of a variety of new financial instruments, is central to the major economic changes taking place throughout the world. This key issue in global finance is theoretically and empirically addressed in this major new book.

Haluk Akdogan’s innovative study uses asset pricing theories to test the status of international capital market integration. This book differs fundamentally f...