Format:
Online-Ressource (927 p)
Edition:
Online-Ausg.
ISBN:
9780124115491
Content:
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 co
Content:
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 an
Note:
Description based upon print version of record
,
Half Title; Title Page; Copyright; Contents; Foreword; Acknowledgments; About the Editors; List of Contributors; Author Biographies; Part One: Country-Specific Experiences; 1 Robust Measures of Hybrid Emerging Market Mutual Funds Performance; 1 Introduction; 2 Stochastic Discount Factors and Benchmark Models; 2.1 The Model; 2.2 Robust Performance Measures; 3 Performance Evaluation of Managed Portfolios; 3.1 Unconditional Setting; 3.2 Conditional Setting; 4 Econometric Methodology and Tests; 4.1 The General Framework; 4.2 The Estimation Procedure and the Optimal Weighting Matrix
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4.3 Optimal Risky Asset Allocation Specifications5 Conclusion; Acknowledgment; References; 2 Emerging Countries Sovereign Rating Adjustment using Market Information: Impact on Financial Institutions' Investment Decisions; 1 Introduction; 2 The δ-Rating Methodology; 2.1 Country-Specific Fundamental Rating; 2.2 Market Implied Rating; 2.3 Credible Weights; 3 Rating Evaluation: Carrying Out the Methodology; 3.1 Country-Specific Implied Rating; 3.2 Market Implied Rating; 3.3 Implied Ratings and Credibility Weights; 4 Discussion and Conclusion; References
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3 Emerging Markets Banks Performance Evidence from China's Banks in Hong Kong1 Introduction; 2 Foreign Banks in Hong Kong; 3 Hypothesis Testing; 3.1 Profitability Measures; 3.2 Hypotheses; 4 Data and Methodology; 5 Empirical Results; 6 Conclusion; References; 4 Determinants of the Real Rate of Return: Evidence from Cross-Country Panel Data; 1 Introduction; 2 The Data; 3 The Methodology; 4 Determinants of Asset Returns: Some Basic Results; 4.1 Bank Deposit Rates; 4.2 Stock Returns; 5 Determinants of Asset Returns: Some Refinements; 5.1 Bank Deposit Rates; 5.2 Stock Returns; 6 Conclusions
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Appendix List of Countries(A) Bank Deposit Interest Rate; (B) Rate of return on stocks; References; 5 Understanding the Relationship Between Liquidity and Inflation in the Post Crisis Period in India: from Bank Dealers' Perspectives; 1 Introduction; 2 The Scenario; 3 The Existing Literature on Economic Games; 4 Features of the Game in Decision Making of a Dealer in the Government Security Desk; 4.1 Zero-Sum Game; 4.2 Pure Strategy and Nash Equilibrium; 4.3 Decision Tree and Sequential Game; 5 Forecasting Liquidity; 6 Decision Making of a Dealer in the Equity Desk; 6.1 Axiom I; 6.2 Axiom II
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6.3 Corollary I6.4 Axiom III; 6.5 Corollary II; 6.6 Theorem; 6.7 Lemma; 6.8 Axiom IV; 6.9 Corollary III; 7 Conclusion; References; 6 Demographic Transition and Savings Behavior in Mauritius; 1 Introduction; 2 Literature Survey; 3 Savings Trends; 3.1 Savings Trends for Mauritius; 3.2 Saving Rates for Mauritius and Comparators; 4 Methodology; 4.1 Macroeconomic Modeling; 4.1.1 Model Specification; 4.1.2 Data Source and Variable Definition; 4.2 Microeconomic Modeling; 4.2.1 Survey Data; 4.2.2 Methodology; 4.2.3 Data Analysis; 5 Findings-Macroeconomic Modeling; 5.1.1 OLS Regression
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5.1.2 A VAR Approach
Additional Edition:
ISBN 9780124115637
Additional Edition:
Erscheint auch als Druck-Ausgabe Emerging Markets and the Global Economy A Handbook
Language:
English
Keywords:
Electronic books
Author information:
Boubaker, Sabri 1974-
Author information:
Nguyen, Duc Khuong 1978-
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