Capital Markets, Globalization, and Economic Development

1. Front Matter

   Pages i-xv

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2. Insights from a Global Survey on Bank Capital

   • Benton E. Gup

   Pages 1-8

3. The Effects of Basel II on Developing Countries: A Summary of a Global Public Goods Network eForum on Basel II

   • Benton E. Gup

   Pages 9-15

4. Capital Games

   • Benton E. Gup

   Pages 17-30

5. The International Transmission of Capital Shocks: Implictions of a Revised Basel Accord for Developing Countries

   • Kevin T. Jacques

   Pages 31-43

6. Designing Banking Sector Safety Nets: The Australian Experience

   • Kevin Davis

   Pages 45-58

7. Globalization and the Growth of International Stock Exchanges

   • William L. Megginson, Natalie L. Sutter

   Pages 59-75

8. Globalization of the Bond and Stock Markets: The Japanese Case—An International Perspective

   • Ioana Alexopoulou, Gabe de Bondt, Adrian van Rixtel

   Pages 77-107

9. Weekly Expected Credit Spreads in Latin-American Brady Bonds

   • Franco Parisi, Ike Mathur, Jorge Urrutia

   Pages 109-127

10. Rethinking Project Finance

    • Andrew H. Chen

    Pages 129-143

11. Impact of Globalization and Economic Development in Asia and Australia

    • Mohamed Ariff

    Pages 145-160

12. Globalization and the Changing Relationship Between Economic Development and Capital Markets: Innovations in Funding for Microfinance

    • Alexandra Bernasek, Ronnie J. Phillips, Michael P. Ross

    Pages 161-174

13. Waiting for Capital: The Impact of Corruption in Indonesian Financial Markets

    • Gordon Menzies, Chris Terry, Rowan Trayler

    Pages 175-191

14. Credit Ratings in China

    • Winnie P. H. Poon

    Pages 193-206

15. Finance and Development: Granger-Causality Tests for Prewar and Postwar U.S.A., U.K., and Japan

    • Masanori Amano

    Pages 207-217

16. Back Matter

    Pages 219-220

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Capital Markets, Globalization, and Economic Development consists of fourteen articles contributed by authors from Australia, Asia, Europe, South America, and the United States who provide a wide range of insights. The contributors include academics, government officials, and regulators. This book examines some of the capital market issues that economies face as they mature. These include, but are not limited to, credit ratings, financial regulation, infrastructure privatization and other timely topics.

• Bonds
• China
• Developing Countries
• Economic Development
• Financial Market
• Financial Markets
• Globalization

• The University of Alabama, USA

  Benton E. Gup

Dr. Gup has a broad background in finance.  After receiving his Ph.D. in economics, he served as a staff economist for the Federal Reserve Bank of Cleveland.  He holds the Chair of Banking at the University of Alabama, Tuscaloosa.

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