Global Portfolio Diversification
Risk Management, Market Microstructure, and Implementation Issues
Will be published approx. on 5. December 1994
Book
Hardback
302 pages
978-0-12-044500-4 (ISBN)
Description
"Global Portfolio Diversification" synthesizes principal debates between analysts and academics. Covering subjects such as risk management, diversification and hedging strategies, deviations from market efficiency, and exchange rates, the book includes case studies, research, and commentary by the editors. Essayists include two past presidents of the American Finance Association and the current editors of the Journal of Finance and Economic Inquiry, as well as senior market regulators, financial managers, and representatives of international securities exchanges. It includes features that: deal with increased interest in the globalization of financial markets; cover managing and hedging risks; analyze microstructures and analyses; and show how to implement portfolio diversification. It is prepared by an international team of leading financial academics and portfolio managers.
More details
Series
Language
English
Place of publication
United Kingdom
Publishing group
Emerald Publishing Limited
Target group
Professional and scholarly
Dimensions
Height: 235 mm
Width: 157 mm
Thickness: 22 mm
Weight
616 gr
ISBN-13
978-0-12-044500-4 (9780120445004)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Content
R. Aggarwal and D.C. Schirm, Issues in Global Portfolio Diversification: An Introduction. Part One: Managing Risk in International Portfolios: R.T. Baillie and T. Bollerslev, On the Interdependence of International Asset Markets. R.J. Sweeney, Foreign Exchange Risk in International Portfolios. F. Ibrahimi, L. Oxelheim, and C. Wihlborg, International Stock Markets and Fluctuations in Exchange Rates and Other Macroeconomic Variables. Comments and Discussion to Part One: Exchange Rates and Security Prices. Part Two: Hedging Portfolio Foreign Exchange Risk: M. Adler and B. Prasad, On Universal Currency Hedges. W. Bailey, E. Ng, and R.M. Stulz, Optimal Hedging of Stock Portfolios Against Foreign Exchange Risk: The Case of Nikkei. T. Schneeweis and H. Geman, The Effectiveness of the French CAC 40 Futures Contract in Risk-Return Management. Comments and Discussion to Part Two: Issues in Hedging Foreign Exchange Risk. Part Three: Market Microstructure and Anomalies: J.-C. Duan, V. Errunza, and A.F. Moreau, International Market Microstructure and the Pricing of ADRs. T. Hiraki and H. Takehara, International Diversification When Small Firm Stocks are Treated as Separate Investment Assets: An Application of the Multiperiod Model. A. Agrawal and K. Tandon, Stock Market Anomalies: The International Evidence. Comments and Discussion to Part Three: Microstructure Issues in Global Diversification. Part Four: Implementing Global Portfolio Diversification: R. Aggarwal, Investing in Emerging Markets: Challenges and Opportunities. H.R. Haworth, Regulatory Aspects of International Portfolio Diversification. P.J. Sieglebaum, The World Bank's Global Bond: Efficiency in Global Portfolio Diversification. S.W. Broka, Changing with the Times: International Initiatives at the NASD. Summary Comments and Concluding Discussion: Important Issues and Future Directions. Author Index. Subject Index.