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INTERNATIONAL FINANCE IN THE NEW WORLD ORDER
International Finance in the New World OrderBuy online with a credit card in the Elsevier Science & Technology Bookstore: External link http://books.elsevier.com/elsevier/?isbn=0080424104

Edited by
H.P. Gray, Rutgers University, 739 River Road, Belle Mead, NJ 08502, USA
S.C. Richard , Texas A&M International University, One West End Washington Street, Laredo, TX 78040-9960, USA

Included in series
Series in International Business and Economics, 2

Description
Some of the most important developments of the last quarter century relate to the internationalization of financial issues: the advent of free trade areas; the efforts of the European Union in establishing a single currency; burdens of international indebtedness; and the economic growth and development of nations.

International financial systems are increasingly fragile and vulnerable in the face of possible international financial shock. Exchange rate issues and other changes in financial conditions have profound consequences not only for multinational corporations which have to devise new ways of managing their global operations, but also for firms and industries at the national level.

The papers in this book confront these and other problems in international finance that have arisen in recent years, seeking to identify causal linkages at the global, national and company levels.

Audience
For university and college professors, researchers and corporate managers interested in financial economics. Also, a supplementary text to doctoral and masters students in finance, economics, management science and OR and more especially, PhD courses in corporate finance.

Contents
Preface.

Part I: The Scope of the Volume.
Introduction (H.P. Gray, S.C. Richard). The scope of international finance (H.P. Gray).

Part II - The Maastricht Treaty.
The franc that wouldn't die: an historical interpretation of the resilience of the French franc (I. Finel-Honigman). The dilemmas of European monetary integration (S.S. Rehman). Ramification of the Maastricht Treaty of European Monetary Union (EMU): an overview (M.T. Vaziri, A.J. Ruhle).

Part III: Balance of Payments.
Take-off into development and emerging capital markets: stages of financial development and equity financing (E. Ortiz). External capital flows and constraints on US monetary policy (A. Alford, S.D. Felgran). R&D expenditures, export performance and United States international competitiveness (T.H. Bonitsis). Black market exchange rate expectations and the demand for money: the case of SAARC countries (M.K. Hassan, M.M. Islam, A. Nakibullah). A monetary model of the Mexican balance of payments (M.N. Johnson, K. Kasibhatla, J. Malindretos).

Part IV: Firm and Industry Studies.
Explaining LBOs and acquisitions (R. Seth). The effect of the dollar appreciation on US manufacturing corporate profits: an empirical investigation (L.C. Moens). Transnational corporations and Mexican autos: impacts of sectoral and macroeconomic policies (M.J. Twomey, W.S. Milberg).

Part V: International Financial Institutions.
Volatility assessment for stocks or portfolios: a risk triangle approach (C.D. Sinclair, D.M. Power, A.A. Lonie). International stock returns and macroeconomic price variables (V. Dropsy, F.N. Ibrahimi). Debt crisis and economic recovery and performance of the emerging Latin American equity markets (A. Cabello, E. Oritz). The Trinidad and Tobago stock exchange: an analysis of efficiency, risk and international diversification (H. Ramcharran). Foreign bank operations in the US: cause for concern? (D.E. Nolle). An analysis of mergers between credit associations and credit cooperatives in Japan (Y. Hoshino).

Part VI: International Debt Problems.
Debt burden and financial capital flows to the LDCs and the former centrally planned economics (M.R. Zaman). The external debt in China (L. Lin). LDC debt: a case for forgiveness (R.C. Garg). About the editors. About the contributors.

10 line illus.

Bibliographic & ordering Information
Hardbound, 400 pages, publication date: DEC-1994
ISBN-13: 978-0-08-042410-1
ISBN-10: 0-08-042410-4
Imprint: PERGAMON
Price: Order form
GBP 51.95
EUR 77.95
USD 77.95

Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.

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Last update: 5 Aug 2008
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