Ebook: Aspects of Globalisation: Macroeconomic and Capital Market Linkages in the Integrated World Economy

1: "Introduction" -- 2: "International Migration in A Growing World Economy: A Simple Analytical Framework" -- 3: "Saving-Investment Cointegration Revisited: Implications for Capital Mobility, External Solvency and the Intertemporal Approach" -- 4: "Is the Feldstein-Horioka Puzzle Really a Puzzle?" -- 5: "Twin Deficits, Real Interest Rates and International Capital Mobility" -- 6: "The Determinants of Foreign Direct Investment: A Panel Data Study for the OECD Countries" -- 7: "European Integration and Foreign Direct Investment" -- 8: "Transparency and the Strategic Use of Private Information in Monetary Policy: A Particular European Problem?" -- 9: "Eurobond Market Integration" -- 10: "Contextualising Bank Failures: An International Comparison" -- 11: "The Prospect of Dollarization: Are the Americas an Optimum Currency Area?" -- 12: "The Genesis of the South-East Asian Crisis: The External Solvency of the Tiger Economies" -- 13: "Feedbacks between Stock Prices and Exchange Rates.";Reflecting on the breadth of its scope, Aspects of Globalisation is intended to serve a varied audience. Being at the forefront of research, it should appeal to academics, researchers and postgraduate students interested in new approaches and ideas for future research. To this end, the editors have encouraged the contributors to pursue varied themes and raise new issues, approach their subject matter in an analytically rigorous way, and to include fairly extended review sections within their papers, so as to make them useful to a wider readership. Furthermore, diverse methodologies are followed, including the widespread use of state-of-the-art econometrics, reflecting the recent trend in economic analysis. Equally importantly, many of the papers offer clear-cut policy conclusions and should therefore be of direct relevance to policy-minded analysts and policy-makers. We thus hope that the papers included here will provoke further research and ideas as well as contribute to ongoing policy debates. Its diversity, rigour and scope should be positive attributes of the volume and should make it a useful source of information for researchers and policy-makers alike.