Ghosh (finance, U. Utara Malaysia and Rutgers U. in the US) and Ariff (banking, U. Utara Malaysia and Monash U. in Australia) present 15 papers exploring a variety of normative, practical, and theoretical issues in understanding global financial markets. Examples of topics discussed include foreign exchange rate exposure in Malaysia during a financial crisis; the impact of globalization on capital markets in Egypt; optimization, temporary efficiencies, and profitability of technical trading rules in currency markets; banking and regulatory reform in post-crisis Asia; and Asian and North American linkages in transfer pricing and investment incentives. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the late 1990s. Among the issues analyzed by some of the top financial scholars from around the world are covered arbitrage possibilities in the absense of hedging instruments; the effect of capital controls on capital flows; the potential impact of currency unification, as well as the possibilities for pegging currency in the context of floating foreign exchange regimes; regulatory reforms; and political risk analysis.
Top banking and finance scholars from East and West bring their expertise to bear on the global economic reform issues raised by the Asian financial crisis of the late 1990s.
