Preface - Notes on the Contributors - PART 1: INTRODUCTION - Introduction; D.K.Ghosh & E.Ortiz - PART 2: EXCHANGE RATES MARKETS - Foreign Exchange Market Efficiency: A Look at London; J.P.Lajaunie, B.L.McManis & A.Naka - Freedom of Free Floating Exchange Rate: Empirical Analysis of Currency Fluctuation Patterns; M.A.Hashmi - PART 3: INTERNATIONAL INTEREST RATES - Statistical Analytical of Eurocurrency and Treasury Interest Rates from 1975 to 1991; C.Maxwell & L.Guin - A Cross-Country Comparison of Consumer Discount Rates; W.V.Weber, J.K.William & M.J.Morey - Interest Rate Parity, Covered Interest Arbitrage and Speculation under Market Imperfection; D.K.Ghosh - PART 4: BALANCE OF PAYMENTS AND INTERNATIONAL RESERVES - An Empirical Test on the Demand for International Reserves; A.N.Islam, M.Khan & M.M.Islam - The United States Current Account Deficit and Net Capital Inflow; E.Y.Lee & M.Szenberg - Balance of Payments Implications of the USSR for its Former Republics and the East European Countries; M.R.Zaman - PART 5: FOREIGN DEBT AND COUNTRY RISK ANALYSIS - Foreign Exchange Dynamics, Debt, and the Peso Problem; D.K.Ghosh - International Lending and Sovereign Debt in the Presence of Agency Costs: The Case of Mexico State University C.A.Erickson & E.Willman - A New Look at Country Risk Analysis: An Analytical Approach to Judgmental Risk Scoring; R.S.Koundinya - Political Risk in Latin American Stock Markets: A Rational Expectations Approach; B.Charmichael, J-C.Cosset & K.P.Fischer - PART 6: CAPITAL MARKETS - A Real Return Test of International Market Efficiency; S.Khaksari & N.Seitz - Risk Management and Corporate Governance in Imperfect Capital Markets; K.P.Fischer, E.Ortiz & A.P.Palasvirta - Structural Changes in the Korean Financial Market; J.Poznanska - An Analysis of Equity Markets of Quotation Systems; G.Duteil & A.Mulugetta - PART 7: TAXES, DISTORTIONS AND INTERNATIONAL BANKING - Economic Integration and Mexican Municipal Finances; A.Cabello - Optimum Distortions in Closed and Open Economies: Some Aspects of the Theory of Second Best; D.K.Ghosh & S.Ghosh - Socio-History of French Banks and Banking: Role Model for Global Banking; I.Finel-Honigman - Offshore Banking Centers: Prospects and Issues; E.N.Roussakis, K.Dandapani & A.J.Prakash - Index
