Emerging Markets and the Global Economy, 1st Edition

  • Published By:
  • ISBN-10: 0124115632
  • ISBN-13: 9780124115637
  • DDC: 330.91724
  • Grade Level Range: College Freshman - College Senior
  • 928 Pages | eBook
  • Original Copyright 2013 | Published/Released June 2014
  • This publication's content originally published in print form: 2013

  • Price:  Sign in for price



Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Campbell R. Harvey.

Table of Contents

Front Cover.
Half Title Page.
Title Page.
Copyright Page.
About the Editors.
List of Contributors.
Author Biographies.
1: Country-Specific Experiences.
2: Robust Measures of Hybrid Emerging Market Mutual Funds Performance.
3: Emerging Countries Sovereign Rating Adjustment Using Market Information: Impact on Financial Institutions’ Investment Decisions.
4: Emerging Markets Banks Performance Evidence from China’s Banks in Hong Kong.
5: Determinants of the Real Rate of Return: Evidence from Cross-Country Panel Data.
6: Understanding the Relationship Between Liquidity and Inflation in the Post Crisis Period in India: From Bank Dealers’ Perspectives.
7: Demographic Transition and Savings Behavior in Mauritius.
8: An Investigation of the Deviation from the Market Efficiency and Its Implications for Capital Market Development: The DSE Evidence.
9: An Econometric Analysis of the Impact of Oil Prices on Stock Markets in Gulf Cooperation Countries.
10: Trading Intensity and Informed Trading in the Tunis Stock Exchange.
11: Energy Sector Companies of the BRICS: Systematic and Specific Financial Risks and Value at Risk.
12: Developed and Emerging Equity Market Tail Risk: Is it Constant?.
13: Measuring Systemic Risk in Emerging Markets Using CoVaR.
14: An Empirical Study on Mutual Funds Performance Persistence in China.
15: Cultural Behavioral Finance in Emerging Markets.
16: Early Warning System for Financial Crisis: Statistical Classification Approach.
17: Comovements and Volatility Spillovers Between Oil Prices and Stock Markets: Further Evidence for Oil-Exporting and Oil-Importing Countries.
18: Collateral in Emerging Economies.
19: Tactical Risk Analysis in Emerging Markets in the Wake of the Credit Crunch and Ensuing Sub-Prime Financial Crisis.
20: Dynamic Interactions with the Global Economy.
21: Volatility and Spillover Effects of Central and Eastern Europe: Impact of EU Enlargement.
22: Price Jump Behavior During Financial Distress: Intuition, Analysis, and a Regulatory Perspective.
23: Are Emerging Markets Exposed to Contagion from the United States: Evidence from Stock and Sovereign Bond markets.
24: Assessing the Effects of the Global Financial Crisis on the East Asian Equity Markets.
25: Contagion Versus Interdependence: The Case of the BRIC Countries During the Subprime Crises.
26: On the Importance of Trend Gaps in Assessing Equity Market Correlations.
27: Stock Market Co-Movement in ASEAN and China.
28: Stock and Bond Markets Co-Movements in Selected MENA Countries: A Dynamic Coherence Function Approach.
29: Equity Market Comovements Among Selected Emerging Countries from Long- and Short-Run Perspectives.
30: Stock Market Volatility and Contagion Effects in the Financial Crisis: The Case of South-Eastern Europe.
31: Emerging Market Stocks in Global Portfolios: A Hedging Approach.
32: The Behavior of International Stock Market Excess Returns in an Increasingly Integrated World.
33: Determinants of International Financial Integration of GCC Markets.
34: Asset Return and Volatility Spillovers Between Big Commodity Producing Countries.
35: Correlation and Network Structure of International Financial Markets in Times of Crisis.
36: Financial Development and Its Effects on Economic Growth: A Dynamic Analysis.
37: Financial Market Integration of ASEAN-5 with China and India.