International Financial Markets
The Performance of Britain and its Rivals

This book, first published in 1992, measures and explains the performance of major competitor countries in international financial services.

Anthony D. Smith (Author)

9780521431033, Cambridge University Press

Hardback, published 17 September 1992

208 pages
22.9 x 15.2 x 1.6 cm, 0.48 kg

This book, first published in 1992, measures and explains the performance of major competitor countries in international financial services. Covering the markets for foreign exchange, mergers and acquisition advice, syndicated loans, Eurobonds, international equities, Eurocommercial paper, and Euro paper notes, the author assesses performance on the basis of the shares of the major institutional players in the United States, Japan, the United Kingdom, and Europe. Explanations for the contrasts in national performance are sought through interviews with senior officials of financial institutions operating in selected markets. The role and importance of a number of explanatory factors are then examined, including the structure of national banking sectors, capital inputs, technology, regulation, and domestic economic conditions. The book concludes by asking how the banking sectors of different countries are likely to fare as international trade in financial services is liberalised.

1. Introduction
2. Assessing the comparative performance of financial services
3. Changes in country shares of selected financial markets
4. An analysis of country shares in selected financial markets
5. A statistical comparison of national banking sectors: 1989
6. Explanations of relative performance
7. Britain's performance.

Subject Areas: Macroeconomics [KCB]