{"product_id":"the-internationalization-of-equity-markets","title":"The Internationalization of Equity Markets","description":"This volume addresses three important recent trends in the internationalization of equity markets. These trends are: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization of other markets at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions. Eight essays examine such issues as: the current extent of international market integration; gains to US investors through international diversification; home-country bias in investing; the role of time and location around the world in stock-trading; and the behaviour of country funds. Other long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances and the price of risk according to the Capital Asset Pricing Model.","brand":"Gardners","offers":[{"title":"Default Title","offer_id":57466651738485,"sku":"9780226260013","price":88.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0612\/7193\/3106\/files\/9780226260013.jpg?v=1785654710","url":"https:\/\/backstory.london\/products\/the-internationalization-of-equity-markets","provider":"Backstory","version":"1.0","type":"link"}