Hardbound. After years of debate and a turbulent passage through Congress, The North American Free Trade Agreement came into effect on 1st January 1994. The agreement heralds a new era in North America's economic and political behavior and will dominate the international economic arena of the western hemisphere in the coming decades.In order to understand the implications and challenges of NAFTA on both a domestic and international level, this book examines the corporate, managerial and financial consequences for the participating countries (United States, Canada and Mexico), as well as the...

Hardbound. A collection of 21 articles that deal with the frontiers in financial theory of economics. Most aspects of finance are covered - domestic corporate and investment issues as well as questions and problems of topical value in international finance. Key topics include: initial public offerings, debt restructuring, mergers, dividend policy, stock returns, capital structure, measures of risk aversion, microstructure of equity markets, agency cost and employee stock ownership, international takeover bidding, futures and forward contracts in currency markets, offshore loans, and market...

Hardbound. New economic conditions brought about by political seachange, international trade agreements, and technological advances have posed new problems and challenges for many countries and trade communities. This book addresses a wide range of topical issues in commercial policy that will continue to be pertinent for some years.Under examination are bilateral trade agreements, foreign direct investment strategies, regional and global integration; trade reforms; privatization; capital flows; portfolio diversification, and international and technological competitiveness.Particular topics...

Hardbound. Service activities such as banking, insurance, telecommunications, business auditing, distribution, trading, and other services have been at the forefront of the transformation process in East Central Europe and the former Soviet Union. These reforms, though far from complete, are now sufficiently advanced to draw lessons and to identify strategic options for foreign service firms expanding in the region. In this volume, leading analysts and practitioners offer an appraisal of the service markets and the challenges related to foreign entry into the services sector in Central and...

Hardbound. This book examines the nature of the evolutionary relationship that developed between the United States and the GATT (General Agreement on Tariffs and Trade) system, and considers the effects of this relationship on their individual evolution and development. These effects were felt, within the GATT system, on its role in international trade, manner and method of functioning, form, and the very nature of its existence; and, within the United States, on its international trade policy and role in the system, the nature of the relationship between the executive and legislative...

Hardbound. Fundamental changes in recent decades have heightened the need for new and viable solutions to the problems of world trade. In the new climate of internationalisation an expanding number of firms are engaged in international trade, barriers have been coming down, and trading blocs, whose members may share the advantage of lower tariffs and the absence of quotas, are beginning to predominate. Such systems, however, have a generally negative impact on global trade and can be catastrophic for developing and non-industrialised economies.The degree of recent change has created an...

Hardbound. The market model, introduced over thirty years ago, is one of the most studied and utilized return generating models in finance. Over three decades it has withstood rigorous testing and, with refinements over the years, remains the standard of reference today, being applied to almost all existing global investment opportunities. The resulting literature is prolific, and the aim of this book is to consolidate the most important literature on the market model, focusing especially on recent research involving issues related to the model. The market model is analysed in detail and its...

Hardbound. This book addresses many of the issues which arise in the funding and settlement of cross-border financial transactions, covering a broad spectrum of the international finance issues encountered in global business operations.Global and regional capital markets are becoming increasingly important. Accounting differences in reporting financial information, and innovations in these financial markets, are examined. Theoretical issues in international finance are addressed by applying a neural network model to the effects of foreign exchange rates, using cluster analysis and Chernoff's...

Hardbound. This book brings together a collection of studies intended to touch upon, and advance the understanding of, the changing role of trade and foreign direct investment in a globalizing economy, and how the economies of the nation state, and the economic policies of national governments, are becoming increasingly intertwined. It examines the impact of globalization on the competitiveness of a variety of regions and countries, ranging from the European Union and New Zealand to Taiwan and Ghana, and sets out the main analytical components of competitiveness, viewed from the perspective...

Hardbound. This book deals with one of the great dramas of our day, the transformation of countries from economic backwardness, or a socialist somnolence, into greater efficiency and participation in the invigorating currents of international trade and investment. This book is about building market institutions and about the struggle to shed institutional baggage of the past. It is about new 'openings'. It is about liberalization of economic policies, about relaxing controls, and welcoming the influx of foreign capital and goods. Above all, the underlying theme of this book is the search for...