Financial Markets in Transition: Globalization, Investment and Economic Growth

by Lars Oxelheim

This book uses empirical analysis of financial markets in Denmark, Finland, Norway and Sweden - including comparisons with the markets of the US, UK, Germany and Japan - to draw important conclusions about the different pace at which small national financial systems are adapting to global financial integration. The author emphasizes the interaction between politicians and markets, pinpointing bond market inefficiencies and risk premiums as the key factors that lie behind economic and corporate competitive performance during and after the phase of transition.

416 pages, Paperback

First published November 21, 1996