Description
Taylor & Francis Globalization of International Financial Markets Causes and Consequences 1999 Edition by Hak-Min Kim
This text investigates the causes and consequences of globalization of international financial markets, including types of private sector capital (portfolio investment, bank capital, FDI, and other private sector capital) for 121 countries for the period 1980-1990. Table of Contents : Part 1 Introduction: issues on globalisation; statement of research problem; purposes of the study; research questions. Part 2 Review of literature: a brief review of the conceptual approaches; modern theories of determinants of international capital flows; flow theory; portfolio theory; empirical findings of flow theory; empirical findings of portfolio theory; empirical findings of monetary approach; key findings; unsolved issues; modelling strategies. Part 3 Research methodology: theoretical framework; measurement of globalisation; causes of inflows and outflows of international capital; data selection; data and sample; definitions; hypotheses concerning globalisation; hypotheses for capital inflows and outflows; model specifications; model specification for gross flows; model specification for capital inflows and outflows. Part 4 Empirical findings: causes of globalisation of international financial markets; gross flows of total capital; gross flows by financial item; major findings con-cerning globalisation of international financial markets; consequences of globalisation for capital flows; capital inflow and outflow by financial item; four types of short-term capital flows. Part 5 Overview. Appendices: variable creation and identification; statistical tests; descriptive statistics for 121 countries; models with country and time dummy coefficients.