International Financial Integration A Study of Interest Differentials Between the Major Industrial Countries |
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| Author:
| Marston, Richard C. |
| Contribution by:
| Horiuchi, Akiyoshi
Krugman, Paul
Sato, Ryzuo
Subrahmanyam, Marti G.
Zeckhauser, Richard |
| Series title: | Japan-US Center UFJ Bank Monographs on International Financial Markets Ser. |
| ISBN: | 978-0-521-59937-5 |
| Publication Date: | Apr 1997 |
| Publisher: | Cambridge University Press
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| Book Format: | Paperback |
| List Price: | AUD $52.95 |
Book Description:
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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 has 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. This analysis also examines returns in the money and bond markets of these countries.
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 has 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. This analysis also examines returns in the money and bond markets of these countries.