Emerging Market Capital Flows

Emerging Market Capital Flows

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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 economic activities, such as public utilities and telecommunications, are part of the explanation. Corporate restructuring, following the debt crisis of the early 1980's has permitted many emerging market companies to gain international competitiveness. And an essential condition, a basic sea-change in economic policy, has opened up many emerging markets to international investors. This growth in emerging markets has been accompanied by volatility in individual markets, and a sector-wide shock after the meltdown in the Mexican Bolsa and Mexican peso, resulting in heated debate over the nature of these markets. Emerging market capital flows continue to be the subject of intense discussion around the world among investors, academics, and policymakers. Emerging Market Capital Flows examines the issues of emerging market capital flows from several distinct perspectives, addressing a number of related questions about emerging markets.Proceedings of a Conference held at the Stern School of Business, New York University on May 23a€“24, 1996 Richard ... He is a research associate of the National Bureau of Economic Research and is a former managing editor of the ... CAMPBELL R. HARVEY Campbell R. Harvey is the J. Paul Sticht Professor of International Business and the Finance Area Coordinator at the Fuqua School of Business, anbsp;...

Title:Emerging Market Capital Flows
Author:Richard M. Levich
Publisher:Springer Science & Business Media - 2012-12-06


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