Part II - European Markets 2 - European monetary Union: the case for fiscal coordination - Andre Fourcans 3 - Euro Changeover costs for international banks - Scheherazade R. Rehman 4 - A comparison of the financial characteristics of French, German and UK manufacturing firms - Ilhan Meric 5 - Common information in a common market? Variance changes in European capital markets - Alan Alford Part III - Asian markets 6 - Volatility and correlation in Price changes of major Asian Stock markets - Andreas Christofi 7 - Debt financing by industrial firms in the pacific basin: an empirical study - Lakshman Alles 8 - The causes and implications of the 1997 collapse of the financial markets in east Asia - M. Raquibuz Zaman 9 - The relative financial performances of US and pacific-rim industries - Parviz Asheghian 10 - Return and variance parities of ASEAN-5 country funds and international equity index investments Part IV - US and Latin American markets 11 - When the US Sneezes, does the world catch a cold? - Alan Alford 12 - Asset-Liability management strategy, performance and efficiency of multinacional banks in the United States - Iftekhar Hasan 13 - Selecting portfolio with Skewness: recent evidence from Latin American equity markets - Arun J. Prakash 14 - Financial liberalization and the Mexican stock market beyond the 1994 crisis - Alejandra Cabello 15 - Co-movements of US and Latin American Stock markets during the 1997-1998 emerging markets financial crisis - Gulser Meric Part V - Emerging markets 16 - An analysis of country, industry and company influences on returns of equities from emerging stock markets S.G.M. Fifield 17 - Portfolio performance and returns due to global diversification with emerging markets 18 - The analysis `Recommendations and the effects of second-hand information on stock prices: emerging market evidence - Hall Kiymaz 19 - Banking, economic development and integration - Edgar Ortiz 20 - Bank risk management practices in emerging markets - Kurt R. Jesswein Part VI - Currency markets 21 - Impact of currency depreciation on the performance of international funds: a comparative study of the Asian and Mexican currency crises - Abraham Mulugetta 22 - Measuring extreme movements in foreign exchange markets: application of extreme value theory to stress testing - Francois M. Longin