Emerging markets and the global economy / Mohamed Arouri, Sabri Boubaker, Duc Khuong Nguyen.

Format:

Book

Author/Creator:

Nguyễn, Đức Khương.

Contributor:

Arouri, Mohamed El Hedi, editor of compilation.

Boubaker, Sabri, editor of compilation.

Nguyen, Duc Khuong, 1978- editor of compilation.

Series:

Gale eBooks

Language:

English

Subjects (All):

Economic development--Developing countries.

Economic development.

International trade.

Globalization.

Developing countries--Economic conditions.

Developing countries.

Physical Description:

1 online resource (xlix, 875 pages) : illustrations (some color)

Edition:

1st ed.

Place of Publication:

Oxford : Academic Press, an imprint of Elsevier, 2014.

Language Note:

English

System Details:

text file

Summary:

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

Contents:

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

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

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

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

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

5.1.2 A VAR Approach

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (ebrary, viewed January 23, 2014).

ISBN:

9780124115637

0124115632

OCLC:

867318754