After 2003, the growth of equity prices in emerging markets in Asia, Latin America and Europe has been considerably higher in comparison with developed markets and, therefore, these markets have become the focus of attention of investors, the financial press, and researchers. These markets are...

Many commonly used models for measuring risks depend on some input parameters whose values are generally set by judgment. The approach is practical as judgment or intuition reduces complexity to a manageable level. Faster decisions can be taken in a business environment where timeliness is more...