Understanding the effects of off-balance sheet transactions on interest and exchange rate exposures has become more important for emerging market countries that are experiencing remarkable growth in derivatives markets. Using firm level data, we report a significant fall in exposure over the...

This thesis explores the role of emerging markets in investment portfolios. Could an investment portfolio consisting of emerging market securities have outperformed similar portfolios that did not contain emerging markets over recent years? Gathering data from January 1, 2009 to December 31,...

This paper examines the probability of domestic and international venture capital playinga critical role in the rapid development of IT and Communications technologies inemerging nations. First we examine the venture capital point of view highlighting whattoday's venture capitalists require from...

Since the beginning, central banks have used a wide range of instruments to achieve their ultimate purpose of price stability. One measure in the authorities’ toolbox is a foreign exchange market intervention. The discussion about this instrument has come a long way. So far, the discussion...

This paper examines the transmission of equity returns and volatility among Asian equity markets and investigates the differences that exist in this regard between the developed and emerging markets. Three developed markets (Hong Kong, Japan and Singapore) and six emerging markets (Indonesia,...

This paper explores an underdeveloped topic, which is how firms from Latin American emerging markets compete internationally. This study examines the case studies of three Chilean firms that have been able to internationalise successfully and become relevant international players. Drawing on...

This paper analyses the current global economic trends and explores the new realities for international trade in the current set of economic parameters. While there are encouraging positive economic trends and further liberalisation of international trade is in order, the overall trade system...

Studies of the relationship between market values and accounting numbers have long been a part of an established theme in capital markets research (CMR). These studies have taken various forms, most being conducted on a cross sectional basis, tied closely with the assumptions of equilibrium...

Emerging markets as represented by BRIC (Brazil, Russia, India and China) countries signify an enormous growth opportunity and a "must win" market for MNCs (multinational companies). It is estimated that by 2013, the middle class in BRIC countries will be larger than the population of Western...

This paper investigates the argument that privatization share pricing reflects a heightened political risk sensitivity, following Perotti (1995). We do by examining the relative performance in the short and medium term of privatization stocks in emerging markets. Our goal is to determine whether...