This collection examines the emerging issues, and the basic questions and analytical structures, arising from increasingly globalized financial markets. Topics covered include: an in-depth study of the exchange rate market, equilibrium and efficiency, inflation and interest rates, capital movement, the balance of payments and international reserves, foreign debt, country risk analysis, currency market arbitrage and speculative designs under market imperfection, international tax issues and trade liberalization, offshore banking and related issues. The contributors include: Alejandra Cabello; Benoit Charmichael, Jean-Claude Cosset, Krishnan Dandapani, Gilles Duteil, Christopher A. Erickson, Irene Finel-Honigman, Klaus P. Fischer, Shyamasri Ghosh, Larry Guin, M. Anaam Hashmi, Jannett K. Highfill, Anisul Islam, Muhammad Islam, Moosa Khan, Shahriar Khaksari, Ramakrishnan S. Koundinya, John P. LaJaunie, Eric Youngkoo Lee, Charles Maxwell, Bruce L. McManis, Mathew J. Morey, Abraham Mulugetta, Atsuyuki Naka, A.P. Palasvirta, Joanna Poznanska, Arun j. Prakesh, Emmanuel N. Roussakis, Neil Seitz, Michael Szenberg, William V. Weber, Elliott Willman, M. Razuibuz Zaman.

Financial markets have been revolutionized by megaspeed transmission technology and the integration of regional economic blocs. The global village has become a reality as markets are connected across nations by the invisible hand of worldwide trade. This title explores these recent changes in financial markets. Areas discussed include Latin America, Europe, the US, Mexico and India. The book updates issues including: risk and its minimization; business enterprise on world markets; capital flows and capital flights; offshore markets; and central bank intervention.