Globalization of international financial markets : causes and consequences / Hak-Min Kim.

Format:

Book

Author/Creator:

Kim, Hang-min, 1962-

Contributor:

Simon Nelson Patten Fund.

Series:

Bruton Center for Development Studies (Series)

The Bruton Center for Development Studies

Language:

English

Subjects (All):

International finance--Econometric models.

International finance.

Capital market--Econometric models.

Capital market.

Physical Description:

xi, 265 pages : illustrations ; 23 cm.

Place of Publication:

Aldershot, Hants, England ; Brookfield, USA : Ashgate, [1999]

Contents:

Issues on Globalization 1

Statement of Research Problem 6

Purposes of the Study 7

Research Questions 7

2 Review of Literature 9

A Brief Review of the Conceptual Approaches 9

Modern Theories of Determinants of International Capital Flows 13

Flow Theory 14

Portfolio Theory 17

The Monetary Approach to the Balance of Payments 23

Previous Empirical Analyses 30

Overview of Literature 39

3 Research Methodology 51

Theoretical Framework 51

Data Selection 58

Research Hypotheses and Exogenous Variable Selection 63

Model Specifications 82

4 Empirical Findings 101

Causes of Globalization of International Financial Markets 101

Consequences of Globalization for Capital Flows 116

Four Types of Short-term Capital Flows 162

A Variable Creation and Identification 191

B Statistical Tests 203

C Descriptive Statistics for 121 Countries 217

D Models with Country and Time Dummy Coefficients 235.

Notes:

Includes bibliographical references (pages 258-265).

Local Notes:

Acquired for the Penn Libraries with assistance from the Simon Nelson Patten Fund.

Presented by The American Academy of Political and Social Science in memory of Simon Nelson Patten; 1999/2000.

ISBN:

1859723659

OCLC:

41582654