Research Catalog

Title

Emerging markets and sovereign risk / edited by Nigel Finch.

Publication

Houndsmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2015.

Items in the Library & Off-site

Details

Additional Authors

Finch, Nigel, 1969-

Description

xvi, 298 pages : illustrations; 23 cm

Summary

"Emerging markets are an increasingly important area of corporate strategy and fast becoming the driver of global growth. Today, emerging markets account for 40% of global GDP and are experiencing growth rates two or three times faster than developed economies. Not surprisingly, investment activity in emerging market jurisdictions has been frenetic with developed-world firms having invested more than $3 trillion, making it one of the biggest corporate investment cycles since the railway boom of the 19th century. Emerging Markets and Sovereign Risk provides case studies, commentary and analysis of investment and financial aspects of emerging market investment from international experts inside Standard & Poor's, Moody's, global investment funds, corporations and academia, and covers keys issues such as credit rating agencies and the rating process, risk assessment and pricing of sovereign debt, challenges related to foreign direct investment in emerging countries, capital flows in frontier, emerging and less-mature economies, structuring debt and equity investments in 'non-investment grade' countries, key value drivers in emerging market asset classes, sovereign wealth funds and emerging market investment, and considerations in the management of sovereign credit ratings"--

Subjects

• Country risk > Developing countries
• BUSINESS & ECONOMICS / Corporate Finance
• BUSINESS & ECONOMICS / Finance
• BUSINESS & ECONOMICS / Development / Economic Development
• Developing countries > Economic conditions
• Investments > Developing countries

Bibliography (note)

• Includes bibliographical references and index.

Contents

Machine generated contents note: -- PART I: RISK AND EMERGING MARKET INVESTMENT1. Economic Growth Vs. Equity Returns in Emerging Markets; R. McFall Lamm2. Default Risk of Sovereign Debt in Central America; Astrid Ayala, Szabolcs Blazsek, Raúl B. González3. Contagion in Emerging Markets ; Serge Darolles, Jérémy Dudek and Gaëlle Le Fol4. Aspects of Volatility and Correlations in European Emerging Economies ; A. Golab, D.E. Allen and R. Powell5. The Political Risk of Offshore Financial Centres: The Cyprus Bail-Out; David ChaikinPART II: RATING AGENCIES AND THE SOVEREIGN RATING PROCESS6. Travels in the Ratings Space: Developed and Developing Countries Sovereign Ratings; Lúcio Vinhas de Souza7. The Sovereign Rating Regulatory Dilemma; Jeffrey Manns8. A Framework for Understanding the Acceptability of Rating Agency Methodologies; Nigel Finch9. Sovereign Wealth Funds and Investment Law; Mauro Megliani10. Common Characteristics of Rated Sovereigns Prior to Default; Marie Cavanaugh, John B Chambers and Maximillian McGrawPART III: MANAGEMENT OF SOVEREIGN RISK AND RATINGS11. Big Projects in Small Economies: The Determinants of Sovereign Risk and its Control; Sean J. Hinton, Brian S. Fisher and Anna M. Fisher12. Monetary Policy and International Reserves in Emerging Economies: Theory and Empirics; Prakash Kumar Shrestha and Willi Semmler13. Stock Market Impact of Sovereign Rating Changes: Alternative Benchmark Models; Emawtee Bissoondoyal-Bheenick and Robert Brooks14. Reserve Adequacy Measures for Emerging Market Economies; Willi Semmler and Lebogang Mateane15. The Price Impact of Sovereign Rating Announcements; Albert Metz.

Call Number

JBD 15-45

ISBN

• 9781137450654 (hardback)
• 1137450657 (hardback)

LCCN

2014030375

OCLC

884299279

Title

Emerging markets and sovereign risk / edited by Nigel Finch.

Publisher

Houndsmills, Basingstoke, Hampshire ; New York, NY : Palgrave Macmillan, 2015.

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references and index.

Added Author

Finch, Nigel, 1969- editor.

Research Call Number

JBD 15-45