Emerging market finance : new challenges and opportunities / edited by Bang Nam Jeon (Drexel University, USA) and Ji Wu (Southwestern University of Finance and Economics, China).

Format:

Book

Contributor:

Jeon, Bang Nam, editor.

Wu, Ji, editor.

Series:

International finance review ; v. 21.

International finance review ; 21

Language:

English

Subjects (All):

International finance.

Physical Description:

1 online resource (296 pages)

Edition:

First edition

Place of Publication:

Bingley, England : Emerald Publishing, [2020]

Summary:

Emerging economies have faced new challenges and opportunities in banking and finance in the post-crisis era under increasing uncertainty. This edited volume of International Finance Review contains original papers that examine rising challenges facing emerging financial markets and institutions. It covers issues such as global banking, risk and contagion, stock market behaviour, global financing for firms, and financial inclusion in the major emerging economies. Particular emphasis on banking is given to the impact of foreign banks on lending by domestic banks, bank loan pricing behaviour with corporate default risk, determinants of nonperforming loans and their macrofinancial implications, foreign bank activities of emerging market entry, international financial shock transmission through the foreign bank lending channel via internal capital markets, and spillover effects of global monetary shocks from an advanced to an emerging economy. Additional emphasis on stock market behaviour and financing is given to emerging stock markets under policy uncertainty from advanced economies, extended multifactor models for emerging stock markets, asymmetric volatility and herd behaviour in geopolitical crises, trade financing as an important cause of the recent trade collapse, determinants of capital structure, and social and financial inclusion in the major emerging markets. This volume also provides significant insight and important policy implications for market participants, researchers, and policy makers in emerging market finance.

Contents:

Part I : An Overview

Chapter 1: Emerging Market Finance: New Challenges and Opportunities

Part II : Global Banking Activity, Risk, and Contagion

Chapter 2: Do Foreign Bank Branches Affect Lending of Foreign- and State-owned Banks? Empirical Evidence from CESEE Countries

Chapter 3: Nonperforming Loans in Asia: Determinants and Macrofinancial Linkages

Chapter 4: Corporate Default Risk and Loan Pricing Behavior in China

Chapter 5: Chinese Banks in Russia: Market Expansion Strategies and New Opportunities

Chapter 6: Global Shock and Foreign Bank Lending: Choice of Home and Local Currency Loans in Indonesia

Chapter 7: Spillover Effects of Global MonetaRy Shocks on Foreign Banks: Evidence from an Emerging Economy

Part III : Stock Market Behavior in Emerging Economies

Chapter 8: Global Stock Market Prices Response to Uncertainty Changes in US Monetary and Fiscal Policies

Chapter 9: The Asymmetry Effect and Volatility Persistence in Stock Market Returns: Evidence from Brazil, China, Mexico and Turkey

Chapter 10: Tests of Multifactor Asset Pricing Models in Asian Stock Markets

Chapter 11: Tunisian Revolution and Herd Behavior: Empirical Evidence from the Tunisia Stock Exchange

Part IV : Global financing for firms and financial inclusion

Chapter 12: A Theory of Domestic and International Trade Finance

Chapter 13: The Impact of CEO and Firm-Specific Characteristics on Capital Structure: Evidence from Romanian Firms

Chapter 14: Optimal Financial Inclusion

Chapter 15: Social Inclusion and Sustainable Economic Development: Evidence from EU Economies

Index.

Notes:

Includes index.

Includes bibliographical references.

Current Copyright Fee: GBP20.00 0.

Print version record.

Other Format:

Print version :

ISBN:

9781839820588

1839820586

9781839820601

1839820608