Titlebook: Emerging Market Capital Flows; Proceedings of a Con Richard M. Levich Conference proceedings 1998 Springer Science+Business Media Dordrecht

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Einleitung: Der Zauber von Geschichten,be useful to restate the two fundamental principles of emerging market (EM) investing in an effort to put their arguments in a richer perspective. First, EM investors must have a long-term perspective. The focus on the short term on the part of media and some fund managers is not only inconsistent b

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,Erz?hltheoretische Grundlagen für uRE,tization and capital account liberalization have boosted the supply of assets available to foreign investors. Substantial improvement in market institutions, ranging from insider trading regulations to efficient settlement and registration mechanisms, have reduced micro-risk, while more stable macro

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Constructing the Narrative Subject,hailand, Taiwan, and Korea. Our reason for doing so is to determine if changes in the behavior of equity returns can be linked to changes in policies governing the integration of these economies and their capital markets with world markets. We find clear evidence of two regimes: one characterized by

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Rachael Dwyer,Ian Davis,elke emeraldts. The announcements analyzed in this research are the private corporate Eurobond offerings and launching of emerging-market country mutual funds. Corporate Eurobond issues in emerging markets are associated with positive abnormal returns to the underlying stock around the successful offering. In a

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Jeremiah Jones and the Musical Crusadeoped markets. Average returns in emerging markets experiencing decreased political risk exceed those of emerging markets experiencing increased political risk by approximately 11% per quarter. In contrast, the difference is only 2.5% per quarter for developed markets. Further, the difference between

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Conference proceedings 1998 forces have been responsible for the tremendousgrowth in emerging markets. Trends toward market-oriented policiesthat permit private ownership of economic activities, such as publicutilities and telecommunications, are part of the explanation.Corporate restructuring, following the debt crisis of th

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,Erz?hltheoretische Grundlagen für uRE,eveloped markets. and the attractive perceived risk/return tradeoff led to substantial investor interest in emerging markets. In combination, these trends caused a significant shift in the composition of capital flows from public to private and from FDI and bank loans to portfolio, in particular equity, investment..

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