{"product_id":"international-financial-integration-a-study-of-interest-differentials-between-the-major-industrial-countries-paperback-9780521599375","title":"International Financial Integration; A Study of Interest Differentials between the Major Industrial Countries (Paperback) 9780521599375","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eInternational Financial Integration\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Study of Interest Differentials between the Major Industrial Countries\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis study examines the progress made in integrating the financial markets of the major industrial countries.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eRichard C. Marston (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521599375, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 13 April 1997\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e212 pages, 35 b\/w illus.  51 tables\u003cbr\u003e23 x 15.4 x 1.6 cm, 0.307 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis 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. Professor Marston also demonstrates that currency denomination remains a barrier to full financial integration in that both nominal and real returns on financial instruments vary widely by currency tied together in the European Monetary System. The analysis examines returns in the money and bond markets of these countries, investigating whether there are systematic variations in relative returns across markets.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. Determinants of interest differentials: an introduction\u003cbr\u003e 2. The deregulation of national markets\u003cbr\u003e 3. Liberalization of national capital controls\u003cbr\u003e 4. Nominal interest differentials\u003cbr\u003e 5. Exchange rates and interest rates in the European monetary system\u003cbr\u003e 6. Real interest differentials\u003cbr\u003e 7. Progress towards international financial integration.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46129216749848,"sku":"9780521599375","price":24.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521599375i.jpg?v=1691666368","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/international-financial-integration-a-study-of-interest-differentials-between-the-major-industrial-countries-paperback-9780521599375","provider":"Freshly Printed Books","version":"1.0","type":"link"}