International Finance in the New World Order

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.

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