A note on the shifting comparative advantage in trade in financial services

Article Abstract:

There have been changes in the types of services that major financial institutions offer their clients. Income from loan interests has decreased, making it necessary for banks to focus more on services such as letter of credit and note issuance. Involvement in exchange markets and agreements has also increased since the 1980s. Developments in international banking has led to a sharp increase in off-balance-sheet activities.

Savings institutions, except federal, Banking industry, Financial services industry, Financial services, Services, International financial institutions

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International stock market linkages: evidence from the pre- and post-October1987 period

Article Abstract:

An analysis of the linkage and dynamic interactions among stock exchange movementsis presented. The analysis applies methods based on cointegration theory to test for such interactions. It is shown that earlier conclusions on the interdependence among national stock markets before the stock market crash of Oct 1987 is not validated. However, such relationship emerged following the stock market crash.

Analysis, Stock-exchange, Stock exchanges, Stock Market Crash, 1987

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