The globalization of monetary markets has resulted in an built-in global industry. rising economies comparable to China and India have spread out their markets to international traders. New tools resembling exchange-traded cash are being created, and present tools are being improved to incorporate actual asset investments corresponding to average assets and actual property investments.
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Extra resources for Advances In International Investments: Traditional and Alternative Approaches
Investment in a firm with a poor environmental record or less-than-reputable labor practice represents a big risk in the portfolio. Therefore, whether SRI is an ethical decision or an act of prudence, investors and fiduciaries should give serious consideration to it in their decision processes. SRI is becoming imminently important to the financial industry. Previous studies have examined the two-sided argument over the financial trade-offs of SRIs. , 2006) indicates that the financial performance of funds that used SRI strategies was comparable to those of traditional portfolios in most studies.
Love (2003) provides evidence showing that financial development impacts economic growth by reducing financing constraints that would otherwise distort the efficient allocation of investment. The magnitude of the changes in the cost of capital in a country with a low level of financial development is twice as large as in a country with an average level of financial development. Arestis et al. (2001) use time series model from five developed countries (France, Germany, Japan, the UK, and the US) to show that banks play a more important role in promoting growth than the stock market.
In addition, the ebbs and flows of market impediments related to capital flows across countries represent an interesting phenomenon that is worth studying in future research. References Andersen, T. B. and F. Tarp, 2003, Financial liberalization, financial development, and economic growth in LDCs, Journal of International Development, 15, 189–209. , P. O. Demetriades, and K. B. Kuintel, 2001, Financial development and economic growth: The role of the stock market, Journal of Money, Credit, and Banking, 33(1), 16–41.