東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

International financial integration,...

Volosovych, Vadym.

FindBook

Google Book

Amazon

博客來

International financial integration, policies, and institutions.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	International financial integration, policies, and institutions./
作者:	Volosovych, Vadym.
面頁冊數:	174 p.
附註:	Advisers: Sebnem Kalemli-Ozcan; Bent Sorensen.
Contained By:	Dissertation Abstracts International67-03A.
標題:	Economics, Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3212147
ISBN:	9780542606977

International financial integration, policies, and institutions.
Volosovych, Vadym.

International financial integration, policies, and institutions. - 174 p.

Advisers: Sebnem Kalemli-Ozcan; Bent Sorensen.

Thesis (Ph.D.)--University of Houston, 2006.

This dissertation is an empirical study of dynamics and the determinants of financial integration.

ISBN: 9780542606977Subjects--Topical Terms:

626650
Economics, Finance.

International financial integration, policies, and institutions.
LDR:03393nam 2200349 a 45 001 971541
005 20110927
008 110927s2006 eng d
020 $a 9780542606977
035 $a (UMI)AAI3212147
035 $a AAI3212147
040 $a UMI $c UMI
100 1 $a Volosovych, Vadym. $3 1295577
245 1 0 $a International financial integration, policies, and institutions.
300 $a 174 p.
500 $a Advisers: Sebnem Kalemli-Ozcan; Bent Sorensen.
500 $a Source: Dissertation Abstracts International, Volume: 67-03, Section: A, page: 1030.
502 $a Thesis (Ph.D.)--University of Houston, 2006.
520 $a This dissertation is an empirical study of dynamics and the determinants of financial integration.
520 $a In "Measuring Financial Market Integration Over the Long Run: Is there a U-shape?" I investigate the pattern of financial integration over the long run. Researchers often associate integration of individual markets with co-movement of their economic indicators and quantify integration by the coefficient of correlation. I provide evidence for the deficiency of correlations for measuring integration and quantify the degree of integration using the method of principal components. The method is useful to illustrate evolution of integration and to uncover the reasons for its observed pattern. As an application, I use long series of sovereign bond data for 15 industrialized economies and document clear evidence of higher financial integration at the end of the 20th century compared to the earlier periods.
520 $a In "Why doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation" the criterion of integration is the volume of cross-border capital flows. We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries---the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970--2000 low institutional quality is the leading explanation.
520 $a In "Financial Market Integration, Risk Sharing, and Institutions Theory and Evidence" the criterion of integration is the extent of international income insurance against country-specific output risk (income risk sharing). A simple multi-country model predicts that barriers to flows of investment income between countries reduce the extent of risk sharing compared to the perfect markets benchmark. I empirically study which barriers explain the estimated amount of insurance in a regression framework and find that an index of institutional quality is the leading causal variable.
520 $a Recent studies emphasize the role of institutions for achieving higher levels of income, but remain silent on the specific mechanisms. The results of the latter two studies indicate that financial integration (specifically, foreign investment and international income insurance) might be a channel through which institutions affect financial integration and long-run development.
590 $a School code: 0087.
650 4 $a Economics, Finance. $3 626650
650 4 $a Economics, General. $3 1017424
650 4 $a Economics, History. $3 1017418
690 $a 0501
690 $a 0508
690 $a 0509
710 2 0 $a University of Houston. $3 1019266
773 0 $t Dissertation Abstracts International $g 67-03A.
790 $a 0087
790 1 0 $a Kalemli-Ozcan, Sebnem, $e advisor
790 1 0 $a Sorensen, Bent, $e advisor
791 $a Ph.D.
792 $a 2006
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3212147