TY  - JOUR
AU  - Frankel,Jeffrey A.
TI  - The Internationalization of Equity Markets
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4590
PY  - 1994
Y2  - December 1994
UR  - http://www.nber.org/papers/w4590
L1  - http://www.nber.org/papers/w4590.pdf
N1  - Author contact info:
Jeffrey A. Frankel
Kennedy School of Government
Harvard University
79 JFK Street
Cambridge, MA 02138
Tel: 617/496-3834
Fax: 617/496-5747
E-Mail: jeffrey_frankel@harvard.edu
M1  - published as Jeffrey A. Frankel. "Introduction to "The Internationalization of Equity Markets "," in Jeffrey A. Frankel, editor, "The Internationalization of Equity Markets " University of Chicago Press (1994)

AB  - This introduction to a forthcoming NBER volume on 'The Internationalization of Equity Markets' argues that the existing finance literature has in some respects not kept pace with world trends.  Most empirical studies fail to take due account of the diversity of assets offered by countries around the world, the diversity of locales in which investors live, and the diversity of institutional peculiarities that characterize the markets in which assets and investors are brought together.  Four of the papers in the volume are econometric studies of asset pricing and home-country bias in internationally integrated equity markets.  The other four examine such issues as emerging markets, country funds, trading volume, location, taxes, controls, and other imperfections in international markets.
ER  -