Emerging Market Capital Flows Proceedings of a Conference held at the Stern School of Business, New York University on May 23–24, 1996
In a little over one decade, the spread of market-oriented policies has turned the once so-called lesser developed countries into emerging markets. Many forces have been responsible for the tremendous growth in emerging markets. Trends toward market-oriented policies that permit private ownership of...
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| Format: | eBook |
| Language: | English |
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New York, NY
Springer US
1998, 1998
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| Edition: | 1st ed. 1998 |
| Series: | The New York University Salomon Center Series on Financial Markets and Institutions
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| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I The history of emerging markets: what have we learned?
- 1. Can debt crises be prevented?
- 2. Dealing with capital inflows: Mexico and Chile compared Andrés Velasco and Pablo Cabezas
- 3. International lending in the long run: motives and management
- Discussion: Philip Suttle
- Michael P. Dooley
- II. Returns on emerging market equities
- 4. Rethinking emerging market equities
- 5. The behavior of emerging market returns
- 6. Cross-listing, segmentation and foreign ownership restrictions
- Discussion: William N. Goetzmann and Philippe Jorion
- Stijn Claessens
- René Garcia
- Vihang R. Errunza
- III. Integration of emerging markets and international equity markets
- 7. Determinants of emerging market correlations
- 8. A Markov switching model of market integration
- 9. External financing in emerging markets: an analysis of market responses
- 10. Political risk in emerging and developed markets
- IV. Lending on ‘fixed’ terms in emerging markets: bank lending and sovereign debt
- 11. Cross-border emerging-market bank lending
- 12. Hedging the interest rate risk of Bradys: the case of Argentinian fixed and floating-rate bonds
- 13. Country and currency risk premia: evidence from the Mexican sovereign debt market 1993–1994
- 14. Emerging-market debt: practical portfolio considerations
- Discussion: Kenneth Rogoff
- Martin D. Evans
- Richard Cantor
- Lawrence Goodman
- V. Topics in corporate debt and emerging markets
- 15. Emerging-market corporate bonds — a scoring system
- 16. Proposal for a new bankruptcy procedure in emerging markets
- Discussion: Gordon M. Bodnar
- William J. Chambers
- Lemma W. Senbet
- List of contributors