Tokyo International Financial Futures Exchange


 

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Tokyo International Financial Futures Exchange

Exchange that trades Euroyen futures and options, and futures on the one-year Euroyen, three-month eurodollar, and US dollar/Japanese yen currency.



Tokyo International Financial Futures Exchange

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Internationalization

Internationalization

Another term for fragmentation. Used by Grossman and Helpman (1999).


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Organization that ../../finance-glossary/d the London stock exchange after its merger with the International Securities Regulatory Organization (ISRO).


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A subsidiary incorporated in the US, usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to US withholding tax. Elimination of the corporate withholding tax has ended the need for this type of subsidiary.


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The attempt to reduce risk by investing in more than one nation. By diversifying across nations whose economic cycles are not perfectly correlated, investors can typically reduce the variability of their returns.


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