02283cas a2200241 a 4500 AALejournalIMF007842 230101c9999 xx r poo 0 0eng d 50.00 USD 9781451941883 0258-7440 BD-DhAAL BD-DhAAL International Monetary Fund. World Economic and Financial Surveys : International Capital Markets 1990. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (122 pages) World Economic and Financial Surveys <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents the annual survey of international capital market developments and prospects. It reviews trends in the main market segments and seeks to analyze the principal forces underlying these developments, in particular the progressive integration of markets and the related globalization of investor and borrower behavior. Buoyant activity in international capital markets during 1988 and 1989 reflected a continued strong economic expansion in most industrial countries, a high level of investment activity, an increase in the volume of world trade, and an environment of relatively stable prices and exchange rates. The broad exchange market stability in this period, which reflected in part the resolve of the authorities of the Group of Seven (G-7) to stabilize exchange rates in the wake of the Plaza agreement, meant that nominal interest rate differentials had a greater influence than in 1987 on financial flows. The surge of activity on international bond markets in 1988 and 1989 was facilitated by the continued expansion of the swaps market, which allowed the portfolio preferences of borrowers and lenders to be more easily matched. Mode of access: Internet World Economic and Financial Surveys; World Economic and Financial Surveys ; No. 1990/004 Full text available on IMF http://elibrary.imf.org/view/books/083/14342-9781451941883-en/14342-9781451941883-en-book.xml IMF e-Library