{"product_id":"the-internationalization-of-equity-markets-9780226260013","title":"The Internationalization of Equity Markets","description":"\u003cp\u003e • Author(s): Jeffrey A. Frankel\u003cbr\u003e • Publisher: University of Chicago Press\u003cbr\u003e • Publisher Imprint: University of Chicago Press\u003cbr\u003e • BISAC: Investments \u0026amp; Securities - General\u003c\/p\u003e\u003cp\u003eThis timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eEight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model.","brand":"University of Chicago Press","offers":[{"title":"Hardcover","offer_id":47813649105047,"sku":"9780226260013","price":10528.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780226260013.webp?v=1778337435","url":"https:\/\/atlanticbooks.com\/products\/the-internationalization-of-equity-markets-9780226260013","provider":"Atlantic Books","version":"1.0","type":"link"}