Emerging Markets and Sovereign Risk

2015. Auflage 2015
ISBN: 978-1-349-49703-4
Verlag: Palgrave MacMillan UK

Buch, Englisch, 298 Seiten, Format (B × H): 140 mm x 216 mm, Gewicht: 404 g

Emerging Markets and Sovereign Risk provides case studies, commentary and analysis on the financial risk management and measurement in the context of frontier and developing counties from international experts covering three key areas of emerging market investments, the rating sovereign risk and managing sovereign risk.

Zielgruppe

Research

Autoren/Hrsg.

Finch, N.

Fachgebiete

• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Risikobewertung, Risikotheorie
• Wirtschaftswissenschaften Betriebswirtschaft Management
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen

Inhaltsverzeichnis

PART I: RISK AND EMERGING MARKET INVESTMENT 1. Economic Growth Vs. Equity Returns in Emerging Markets; R. McFall Lamm 2. Default Risk of Sovereign Debt in Central America; Astrid Ayala, Szabolcs Blazsek, Raúl B. González 3. Contagion in Emerging Markets; Serge Darolles, Jérémy Dudek and Gaëlle Le Fol 4. Aspects of Volatility and Correlations in European Emerging Economies; A. Golab, D.E. Allen and R. Powell 5. The Political Risk of Offshore Financial Centres: The Cyprus Bail-Out; David Chaikin PART II: RATING AGENCIES AND THE SOVEREIGN RATING PROCESS 6. Travels in the Ratings Space: Developed and Developing Countries Sovereign Ratings; Lúcio Vinhas de Souza 7. The Sovereign Rating Regulatory Dilemma; Jeffrey Manns 8. A Framework for Understanding the Acceptability of Rating Agency Methodologies; Nigel Finch 9. Sovereign Wealth Funds and Investment Law; Mauro Megliani 10. Common Characteristics of Rated Sovereigns Prior to Default; Marie Cavanaugh, John B Chambers and Maximillian McGraw PART III: MANAGEMENT OF SOVEREIGN RISK AND RATINGS 11. Big Projects in Small Economies: The Determinants of Sovereign Risk and its Control; Sean J. Hinton, Brian S. Fisher and Anna M. Fisher 12. Monetary Policy and International Reserves in Emerging Economies: Theory and Empirics; Prakash Kumar Shrestha and Willi Semmler 13. Stock Market Impact of Sovereign Rating Changes: Alternative Benchmark Models; Emawtee Bissoondoyal-Bheenick and Robert Brooks 14. Reserve Adequacy Measures for Emerging Market Economies; Willi Semmler and Lebogang Mateane 15. The Price Impact of Sovereign Rating Announcements; Albert Metz

Über Autor(innen)

David E. Allen, University of South Australia, Australia
Astrid Ayala, Universidad Francisco Marroquín, Guatemala
Banita Bissoondoyal-Bheenick, Monash University, Australia
Robert Brooks, Monash University, Australia
Szabolcs Blazsek, Universidad Francisco Marroquín, Guatemala
Marie Cavanaugh, Standard & Poor's, USA
David Chaikin, University of Sydney Business School, Australia
John Chambers, Standard & Poor's, USA
Serge Darolles, Université Paris Dauphine, France
Jérémy Dudek, Université Paris Dauphine, France
Anna Fisher, BAEconomics Pty Ltd., Australia
Brian Fisher, BAEconomics Pty Ltd., Australia
Anna Golab, Edith Cowan University, Australia
Raúl González de Paz, Central Bank of Guatemala, Guatemala
Sean Hinton, Terbish Partners, China
Gaëlle Le Fol, Université Paris Dauphine, France
Max McGraw, Sovereign Group, USA
Jeffrey Manns, George Washington University, USA
R McFall Lamm, Jr, Stelac Advisory Services LLC, USA
Lebogang Mateane, Schwartz Center for Economic Policy Analysis, USA
Mauro Megliani, Catholic University of Milan, Italy
Albert Metz, Moody's Investors Service, USA
Robert Powell, Edith Cowan University, Australia
Willi Semmler, The New School, USA
Prakash Kumar Shrestha, Nepal Rastra Bank, Kathmandu, Nepal
Dr. Lúcio Vinhas de Souza, Moody's Investor Services, USA