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The editors of this volume provide a comprehensive and in-depth collection of articles on financial and investment issues in emerging capital markets. The collection offers coverage of all major emerging countries as well as all major topics related to emerging market finance.
By presenting general, conceptual essays as well as technical, specific essays in a coherent framework, the book attempts to broaden the traditional finance and international finance literature to include emerging market countries where markets are more rigid, segmented, or fragmented than developed market countries. Researchers, graduate students, finance professionals, investors, and policy makers will find this volume useful.
List of contents
An Overview of Emerging Market FinanceFinancial and Investment Issues in Emerging Capital Markets by J. Jay Choi and John A. Doukas
Choices of Financial Development for Transition Economies by Quaiza Hussain
Reexamination of Sovereign Debt Service Capacity Volatility by Using Standardized Sovereign Debt Volatility Coeffecient by Weiping Liu
International Market LinkagesVolatility and Openness of Emerging Markets: Some Empirical Evidence by Vince J. Hooper
Intertemporal Stability of Stock Returns and Relationship with Stock Index Future by Gordon Y. N. Tang
International Diversification of U.S. Portofolios with Segmented Markets by Philip Fanara, Jr., Sandip Mukherji, and Yong H. Kim
Foreign Exchange and International InvestmentsParity Relationships and Investment Risks in Emerging Markets by Arvind K. Jain
Cointegration Analysis of Official and Free Market Exchange Rates in an Emerging Market: The Turkish Case by Ayce Yuce and Can Simga-Mugan
Foreign Direct Investment in the Asia-Pacific Region: The Gravity-Model Approach by Bang Nam Jeon and Susan F. Stone
Corporate Finance and BankingExecutive Views on Dividends and Capital Structure Policy in the Asia-Pacific Region by George W. Kester, Rosita P. Chang, Erlinda S. Echanis, Mansor Md. Isa, Michael T. Skully, Susatio Soedigno, and Kai-Chong Tsui
Dividend Policy, Management Compensation, and Ownership Structure: Empirical Evidence from the Tel Aviv Stock Exchange by Shmuel Hauser and June Dilevsky
Asymmetric Information, Collateral and Interest Rate--The Case of Taiwan by Hai-Chin Yu
An Analysis of the Capital Guaranteed Trust and Its Innovation in Taiwan by Paul W. K. Chen, Ming-Chong Chiang, and Edward H. Chow
Market Structure and Performance in the Greek Banking System by George Hondroyiannis, Sanrantis Lolos, and Evangelia Papapetrou
Financial Issues in Transitional EconomiesCommercial Bank Development in Asian Transitional Economies by Paul M. Dickie
Conditional Variance and Nonlinearity in the Polish Emerging Market by Sunil Poshakwale and Douglas Wood
Developing Financial Markets in Russia: The Russian Securities Industry in Comparative Perspective by Val Samonis and Oleg Bondar
Asian Emerging Stock MarketsStock Returns and Conditional Variance-Covariance: Evidence from Asian Stock Markets by Thomas C. Chiang
The Behavior of Chinese Stock Markets by Dongwei Su
Launching Markets for Stock Index Futures and Options: The Case of Korea by Yu-Kyung Kim
Emerging Stock Markets in Latin America and EuropeThe Emerging Markets in Latin America: Prospects and Problems for an Investor by Dilip K. Ghosh and Edgar Ortiz
Potential Gains from International Diversification Across Latin American Stock Markets by Yochanan Shachmurove
The Behavior of the Colombian Emerging Capital Market by Harvey Arbelaez and Jorge L. Urrutia
Modeling the Volatility of Share Prices of Stocks Traded on the Athens Stock Exchange by Michael G. Papaioannou and George G. Neofositos
About the Editors and Contributors
Index
About the author
J. Jay Choi, John A. Doukas
