Capital Market Integration and Industrial Structure: The Case of Australia, Canada and The United States

2000 ◽  
Author(s):  
Robert W. Faff ◽  
Usha R. Mittoo
Keyword(s):  
United States ◽  
Capital Market ◽  
Market Integration ◽  
Industrial Structure ◽  
The United States ◽  
Capital Market Integration

scholarly journals CONTAGION EFFECT DAN INTEGRASI PASAR MODAL DI KAWASAN ASIA, EROPA DAN AMERIKA

2018 ◽  
Vol 14 (1) ◽  
pp. 1-9
Author(s):  
Robiyanto ◽  
Aldhi Fajar Hartanto
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Market Integration ◽  
Composite Index ◽  
The United States ◽  
Contagion Effect ◽  
Kuala Lumpur ◽  
Index Set ◽  
Capital Market Integration ◽  
The World

Capital market integration is a very interesting topic to study because it is constantly evolving along with the development of time and conditions that occur in the capital markets in the world. This study examines the integration of capital markets and the contagion effect of capital markets in Asia, Europe and America. This study uses monthly closing data of Jakarta Composite Index (JCI) for Indonesia, (KLCI) for Malaysia, PSE Composite Index (PSE) for Philippines, Straight Times Index (STI) for Singapore, SET Index (SET) for Thailand, NIKKEI 225 for Japan, FTSE 100 for UK, DAX 30 for Germany, CAC 40 for France, IBEX 35 for Spain, Dow Jones for USA during period of January 2012 until December 2016. The result of this research is there is no comovement between capital markets of Indonesia, Malaysia, Philippines, Singapore, Thailand, Japan, UK, Germany, France, Italy, Spain and the United States.   Integrasi pasar modal merupakan topik yang masih sangat menarik untuk dikaji karena senantiasa berkembang seiring dengan perkembangan waktu dan kondisi yang terjadi pada pasar modal-pasar modal yang ada di dunia. Penelitian ini mengkaji integrasi pasar modal dan contagion effect dari pasar modal di Asia, Eropa dan Amerika. Penelitian ini menggunakan data penutupan bulanan Indeks Harga Saham Gabungan (IHSG) untuk Indonesia, Kuala Lumpur Composite Index (KLCI) untuk Malaysia, PSE Composite Index(PSE) untuk Filipina, Straight Times Index (STI) untuk Singapura, SET Index (SET) untuk Thailand, NIKKEI 225 untuk Jepang, FTSE 100 untuk Inggris, DAX 30 untuk Jerman, CAC 40 untuk Prancis, IBEX 35 untuk Spanyol, Dow Jones untuk Amerika Serikatselama periode bulan Januari 2012 sampai dengan Desember 2016. Hasil penelitian ini adalah tidak terdapat comovement antara pasar modal Indonesia, Malaysia, Filipina, Singapura, Thailand, Jepang, UK, Jerman, Perancis, Italia, Spanyol, dan Amerika Serikat.

Industrial Concentration and the Capital Markets: A Comparative Study of Brazil, Mexico, and the United States, 1830–1930

1991 ◽  
Vol 51 (3) ◽  
pp. 559-580 ◽  
Author(s):  
Stephen H. Haber
Keyword(s):  
United States ◽  
Capital Market ◽  
Industrial Structure ◽  
The United States ◽  
Market Development ◽  
Cotton Textile ◽  
Industrial Concentration ◽  
Regulatory Policies ◽  
Textile Industries ◽  
The Relationship

This article examines the relationship between capital market development and industrial structure during the early stages of industrialization, contrasting the experiences of Brazil, Mexico, and the United States. It argues that constraints placed on the formation of credit intermediaries in Latin America by poorly defined property rights and government regulatory policies produced greater concentration in the Mexican and Brazilian cotton textile industries than that which developed in the United States.

A Global Perspective on Securitized Debt

2018 ◽  
Author(s):  
Steven L Schwarcz
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Capital Market ◽  
Global Financial Crisis ◽  
The United States ◽  
Global Perspective ◽  
Capital Markets Union ◽  
The Global Financial Crisis ◽  
Asset Backed Securities ◽  
The Eu

Securitisation represents a significant worldwide source of capital market financing. European investors commonly invest in asset-backed securities issued in U.S. securitisation transactions, and vice versa One of the key goals of the European Commission's proposed Capital Markets Union (CMU) is to further facilitate securitisation as a source of capital market financing as a viable alternative to bank-based finance for companies operating in the EU. To that end, this chapter explains securitisation and attempts to put its rise, its decline after the global financial crisis, and its recent CMU-inspired revival into a global perspective. It examines not only securitisation's relationship to the financial crisis but also post-crisis comparative regulatory approaches in the EU and the United States.

Using chaos measures to examine international capital market integration

1996 ◽  
Vol 6 (2) ◽  
pp. 91-101 ◽  
Author(s):  
Susan P. Sewell ◽  
Stanley R. Stansell ◽  
Insup Lee ◽  
Scott D. Below
Keyword(s):  
Capital Market ◽  
Market Integration ◽  
International Capital ◽  
International Capital Market ◽  
Capital Market Integration

Urban electric railway management and operation in Britain and America 1900–14

Urban History ◽  
1989 ◽  
Vol 16 ◽  
pp. 22-37 ◽  
Author(s):  
M. D. Reilly
Keyword(s):  
United States ◽  
Capital Market ◽  
The United States ◽  
Comparative Performance ◽  
Transit System ◽  
Investment Projects ◽  
Industrial Sectors ◽  
Difficult Time ◽  
New Type ◽  
The Capital Market

The debate about the comparative performance of the British and American economies around the turn of the century has involved most industrial sectors. In the case of the railways, the argument goes back at least to 1887, when a critical analysis of English railway operations compared to those of the United States was published. For British railway companies, the years after 1900 were a particularly difficult time especially in the capital market, and many new investment projects were abandoned, although not solely because of adverse conditions in the capital market. A substantial number of these projects were probably of a marginal nature but the eighteen-year period between 1890 and 1908 also saw the development of a new type of railway – the urban rapid transit system. This was in response to two very different factors – the continuing growth of cities and the application of electric power in a form suitable for railway use. The spread of these systems in Britain paralleled their expansion in the United States.

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