International finance: new players and global markets
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing
[2021]
Cham palgrave macmillan |
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| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xix, 169 Seiten Diagramme |
| ISBN: | 9783030692315 |
Internformat
MARC
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Datensatz im Suchindex
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| adam_text | Contents 1 International Finance 1.1 General 1.2 Features of International Managerial Finance 1.2.1 Foreign Exchange Kisk 1.2.2 Political Risk 1.2.3 Market Imperfection 1.2.4 Enhance Opportunities 1.3 International Financial transactions 1 1 2 2 2 3 5 5 2 International Institutions of International Finance 2.1 General 2.2 The Bretton Woods Architecture 2.2.1 The Broader Compromise: From 1945 to 1971 2.2.2 The Floating-Rate Dollar Standard: 1973-1984 2.2.3 The Plaza-Louvre Accords: From 1985 to 1999 2.3 The Post-Bretton Woods Era: New Mandates 2.4 Reforming the Bretton Woods Institutions 2.5 The Relevancy of the Bretton Woods Institutions 2.6 The Two Additional Financial Institutions 2.6.1 The New Development Bank 7 7 8 9 10 11 12 13 14 15 15 vii
viii CONTENTS 2.6.2 2.7 3 29 3.1 3.2 29 3.4 3.5 3.6 General BoP Key Concepts 3.2 J Double-Entry Recording 3.2.2 Net and Gross Recording 3.2.3 Time of Recording 3.2.4 Valuation Balance of Payment Accounts 3.3.1 The Current Account 3.3.2 The Capital Account 3.3.3 Financial Account Statistical Discrepancy Official Reserves Significance of the Balance of Payments International Corporate Governance 4.1 4.2 4.3 4.4 5 19 26 The Balance of Payments 3.3 4 The Asian Infrastructure Investment Bank (AIIB) The Dual Framework of International Finance General The Aim of Corporate Governance The Agency Approach 4.3.1 TheBoard Fiduciary Duties 4.3.2 The Safeguards: The Business Judgment Rules 4.3.3 Limited Shareholders’Rights The Flaws and Inadequacies of the Agency Approach 4.4.1 The Sarbanes-Oxley Act 4.4.2 Re-Examination of the Compensation Structure Foreign Exchange and Money Markets Transactions 5.1 5.2 General Foreign Exchange Market Participants 5.2.1 Commercial and Investment Banks 5.2.2 Multinationals or Big Corporations 5.2.3 Brokers 30 30 31 31 32 33 33 37 40 42 42 43 45 45 46 48 48 50 51 52 53 56 61 61 62 62 63 63
CONTENTS 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.2.4 Noncommercial Banks 5.2.5 Central Banks Management of Foreign Exchange Risk 5.3.1 Hedging 5.3.2 Foreign Exchange Gap Analysis 5.3.3 Foreign Exchange Rate Duration Analysis 5.3.4 Foreign Exchange Rate Simulation Analysis 5.3.5 Foreign Exchange Rate Volatility Analysis Taxation of FOREX The International Money Markets: Role, Functions, and Features 5.5.1 Roles and Functions 5.5.2 The IMM Features Money Market Interest Rates Market Participants 5.7.1 Commercial Banks 5.7.2 Governments 5.7.3 Corporations 5.7.4 Government-Sponsored Enterprises 5.7.5 Money Market Mutual Funds and Other Short-Term Investment Pools 5.7.6 Dealers and Brokers 5.7.7 Central Banks Types of Instruments Traded in the Money Market 5.8.1 Treasury Bilk 5.8.2 Certificate of Deposit 5.8.3 Commercial Paper 5.8.4 Banker’s Acceptance 5.8.5 Repurchase Agreements 5.8.6 Discount Window 5.8.7 Bankers Acceptances 5.8.8 Backup Line of Credit 5.8.9 Municipal Notes Interest Rates in FX and IMM 5.9.1 Interest Rates Determination 5.9.2 law-Interest Rates and Risk Concerns ІХ 63 63 64 64 64 65 65 65 66 70 70 70 71 71 72’ 72 72 73 73 73 74 74 75 75 75 75 76 76 76 77 77 77 77 77
x CONTENTS International Equity Markets 6.1 6.2 6.3 6.4 6.5 6.6 General Equity and Diversification Top 10 Stock Markets Around the Globe 6.3.1 Equity Markets in the United States 6.3.2 The New Tork Security Exchange 6.3.3 The Nasdaq * 6.3.4 The Better Alternative Trading System 6.3.5 The Chicago Board Options Exchange Equity Markets in the EU Equity Markets in Asia Equity Markets in Emergingi Economies International Bond Markets 7.1 7.2 7.3 7.4 7.5 General Types of Bond Markets 7.2.1 Domestic Bonds 7.2.2 Foreign Bonds 7.2.3 Eurobonds International Bond Market Participants International Bond Market Volatility Bond Interest Rates International Derivative Markets 8.1 8.2 8.3 8.4 8.5 8.6 General Forward Contracts Futures Contracts Options Swaps 8.5.1 Interest Rate Swaps 8.5.2 Currency Swaps 8.5.3 Credit Swaps 8.5.4 Commodity Swaps 8.5.5 Equity Swaps Credit Derivatives 8.6.1 Credit Index 8.6.2 Credit Index Tranche 79 79 79 80 80 81 82 82 83 83 88 90 91 91 92 92 93 93 94 95 95 97 97 100 101 102 107 108 109 109 111 111 114 114 115
CONTENTS Exchange Traded Funds (ETF) 9.1 9.2 9.3 9.4 9.5 9.6 General Differences Between ETFs and Mutual Funds Purchase and Redemption of ETFs Regulatory Requirements ETFs in the Global Markets Types of ETFs 9.6.1 Index-Based ETFs 9.6.2 Actively Managed ETFs 9.6.3 Leveraged and Inverse ETFs International Securitization Markets General Benefits or Securitization Securitization Process 10.3.1 The Borrower 10.3.2 The Originator/Servicer 10.3.3 The SPV 10.3.4 The Investors 10.4 Securitization Tranches 10.5 Securitized Assets 10.6 Types of Securitization 10.7 Conclusion 10.1 10.2 10.3 Sovereign Wealth Funds 11.1 11.2 11.3 General Types of SWFs 11.2.1 Stabilizations Funds 11.2.2 Saving Funds 11.2.3 Reserve Investment Corporation 11.2.4 Strategic Development Funds 11.2.5 Contingent Pension Reserve Funds The Dominant Petrodollar-Oil SWFs 11.3.1 Oil Funds of the Persian Golf 11.3.2 Kuwait 11.3.3 The United Arab Emirates 11.3.4 Iran 11.3.5 Qatar ХІ 117 117 118 118 118 118 119 119 119 123 125 125 126 128 129 129 130 130 132 133 136 138 139 139 140 141 142 142 143 143 143 143 144 145 146 147
ХІІ CONTENTS 11.3.6 Saudi Arabia 11.3.7 Norway Oil Fund 11.3.8 The Stabilization Fund of the Russian Federation Conclusions and Policy Implications 11.4 Glossary of Terms 148 149 150 152 157 * « Bibliography 165 Index 167
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| adam_txt |
Contents 1 International Finance 1.1 General 1.2 Features of International Managerial Finance 1.2.1 Foreign Exchange Kisk 1.2.2 Political Risk 1.2.3 Market Imperfection 1.2.4 Enhance Opportunities 1.3 International Financial transactions 1 1 2 2 2 3 5 5 2 International Institutions of International Finance 2.1 General 2.2 The Bretton Woods Architecture 2.2.1 The Broader Compromise: From 1945 to 1971 2.2.2 The Floating-Rate Dollar Standard: 1973-1984 2.2.3 The Plaza-Louvre Accords: From 1985 to 1999 2.3 The Post-Bretton Woods Era: New Mandates 2.4 Reforming the Bretton Woods Institutions 2.5 The Relevancy of the Bretton Woods Institutions 2.6 The Two Additional Financial Institutions 2.6.1 The New Development Bank 7 7 8 9 10 11 12 13 14 15 15 vii
viii CONTENTS 2.6.2 2.7 3 29 3.1 3.2 29 3.4 3.5 3.6 General BoP Key Concepts 3.2 J Double-Entry Recording 3.2.2 Net and Gross Recording 3.2.3 Time of Recording 3.2.4 Valuation Balance of Payment Accounts 3.3.1 The Current Account 3.3.2 The Capital Account 3.3.3 Financial Account Statistical Discrepancy Official Reserves Significance of the Balance of Payments International Corporate Governance 4.1 4.2 4.3 4.4 5 19 26 The Balance of Payments 3.3 4 The Asian Infrastructure Investment Bank (AIIB) The Dual Framework of International Finance General The Aim of Corporate Governance The Agency Approach 4.3.1 TheBoard Fiduciary Duties 4.3.2 The Safeguards: The Business Judgment Rules 4.3.3 Limited Shareholders’Rights The Flaws and Inadequacies of the Agency Approach 4.4.1 The Sarbanes-Oxley Act 4.4.2 Re-Examination of the Compensation Structure Foreign Exchange and Money Markets Transactions 5.1 5.2 General Foreign Exchange Market Participants 5.2.1 Commercial and Investment Banks 5.2.2 Multinationals or Big Corporations 5.2.3 Brokers 30 30 31 31 32 33 33 37 40 42 42 43 45 45 46 48 48 50 51 52 53 56 61 61 62 62 63 63
CONTENTS 5.3 5.4 5.5 5.6 5.7 5.8 5.9 5.2.4 Noncommercial Banks 5.2.5 Central Banks Management of Foreign Exchange Risk 5.3.1 Hedging 5.3.2 Foreign Exchange Gap Analysis 5.3.3 Foreign Exchange Rate Duration Analysis 5.3.4 Foreign Exchange Rate Simulation Analysis 5.3.5 Foreign Exchange Rate Volatility Analysis Taxation of FOREX The International Money Markets: Role, Functions, and Features 5.5.1 Roles and Functions 5.5.2 The IMM Features Money Market Interest Rates Market Participants 5.7.1 Commercial Banks 5.7.2 Governments 5.7.3 Corporations 5.7.4 Government-Sponsored Enterprises 5.7.5 Money Market Mutual Funds and Other Short-Term Investment Pools 5.7.6 Dealers and Brokers 5.7.7 Central Banks Types of Instruments Traded in the Money Market 5.8.1 Treasury Bilk 5.8.2 Certificate of Deposit 5.8.3 Commercial Paper 5.8.4 Banker’s Acceptance 5.8.5 Repurchase Agreements 5.8.6 Discount Window 5.8.7 Bankers Acceptances 5.8.8 Backup Line of Credit 5.8.9 Municipal Notes Interest Rates in FX and IMM 5.9.1 Interest Rates Determination 5.9.2 law-Interest Rates and Risk Concerns ІХ 63 63 64 64 64 65 65 65 66 70 70 70 71 71 72’ 72 72 73 73 73 74 74 75 75 75 75 76 76 76 77 77 77 77 77
x CONTENTS International Equity Markets 6.1 6.2 6.3 6.4 6.5 6.6 General Equity and Diversification Top 10 Stock Markets Around the Globe 6.3.1 Equity Markets in the United States 6.3.2 The New Tork Security Exchange 6.3.3 The Nasdaq * 6.3.4 The Better Alternative Trading System 6.3.5 The Chicago Board Options Exchange Equity Markets in the EU Equity Markets in Asia Equity Markets in Emergingi Economies International Bond Markets 7.1 7.2 7.3 7.4 7.5 General Types of Bond Markets 7.2.1 Domestic Bonds 7.2.2 Foreign Bonds 7.2.3 Eurobonds International Bond Market Participants International Bond Market Volatility Bond Interest Rates International Derivative Markets 8.1 8.2 8.3 8.4 8.5 8.6 General Forward Contracts Futures Contracts Options Swaps 8.5.1 Interest Rate Swaps 8.5.2 Currency Swaps 8.5.3 Credit Swaps 8.5.4 Commodity Swaps 8.5.5 Equity Swaps Credit Derivatives 8.6.1 Credit Index 8.6.2 Credit Index Tranche 79 79 79 80 80 81 82 82 83 83 88 90 91 91 92 92 93 93 94 95 95 97 97 100 101 102 107 108 109 109 111 111 114 114 115
CONTENTS Exchange Traded Funds (ETF) 9.1 9.2 9.3 9.4 9.5 9.6 General Differences Between ETFs and Mutual Funds Purchase and Redemption of ETFs Regulatory Requirements ETFs in the Global Markets Types of ETFs 9.6.1 Index-Based ETFs 9.6.2 Actively Managed ETFs 9.6.3 Leveraged and Inverse ETFs International Securitization Markets General Benefits or Securitization Securitization Process 10.3.1 The Borrower 10.3.2 The Originator/Servicer 10.3.3 The SPV 10.3.4 The Investors 10.4 Securitization Tranches 10.5 Securitized Assets 10.6 Types of Securitization 10.7 Conclusion 10.1 10.2 10.3 Sovereign Wealth Funds 11.1 11.2 11.3 General Types of SWFs 11.2.1 Stabilizations Funds 11.2.2 Saving Funds 11.2.3 Reserve Investment Corporation 11.2.4 Strategic Development Funds 11.2.5 Contingent Pension Reserve Funds The Dominant Petrodollar-Oil SWFs 11.3.1 Oil Funds of the Persian Golf 11.3.2 Kuwait 11.3.3 The United Arab Emirates 11.3.4 Iran 11.3.5 Qatar ХІ 117 117 118 118 118 118 119 119 119 123 125 125 126 128 129 129 130 130 132 133 136 138 139 139 140 141 142 142 143 143 143 143 144 145 146 147
ХІІ CONTENTS 11.3.6 Saudi Arabia 11.3.7 Norway Oil Fund 11.3.8 The Stabilization Fund of the Russian Federation Conclusions and Policy Implications 11.4 Glossary of Terms 148 149 150 152 157 * « Bibliography 165 Index 167 |
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| language | English |
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| spelling | Lessambo, Felix I. Verfasser (DE-588)1118870581 aut International finance new players and global markets Felix I. Lessambo Cham Springer International Publishing [2021] Cham palgrave macmillan xix, 169 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier International Finance International finance Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Finanzwirtschaft (DE-588)4017214-4 s DE-604 Erscheint auch als Online-Ausgabe 978-3-030-69232-2 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032669217&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lessambo, Felix I. International finance new players and global markets International Finance International finance Finanzwirtschaft (DE-588)4017214-4 gnd |
| subject_GND | (DE-588)4017214-4 |
| title | International finance new players and global markets |
| title_auth | International finance new players and global markets |
| title_exact_search | International finance new players and global markets |
| title_exact_search_txtP | International finance new players and global markets |
| title_full | International finance new players and global markets Felix I. Lessambo |
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| title_short | International finance |
| title_sort | international finance new players and global markets |
| title_sub | new players and global markets |
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| topic_facet | International Finance International finance Finanzwirtschaft |
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