Emerging Market Debt

Name: Emerging Market Debt
Brand: VDM Verlag
SKU: 9783639261639
Price: 1377 CZK
Availability: InStock

An Emerging Asset Class between Economic Fundamentals and Global Liquidity Conditions

Autor: Alexander Kurz

Jazyk:

Vazba: Brožovaná

Vydavatel: VDM Verlag

Dostupnost: Skladem u dodavatele

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When we look at Emerging Markets' eventful history at the capital market, we find that nearly each h...

Informace o knize

Autor

Alexander Kurz

Jazyk

Angličtina

Vazba

Kniha - Brožovaná

Vydáno

2010

Stránek

160

EAN

9783639261639

ISBN

3639261631

Enbook ID

06833515

Vydavatel

VDM Verlag

Hmotnost

245

Rozměry

152 x 229 x 9

Kompletní popis

When we look at Emerging Markets' eventful history at the capital market, we find that nearly each has defaulted on a sovereign bond even the United States at the time when it was a developing country. Today, the US is considered a safe harbor in the investing world, and countries that are now tagged Emerging Markets trade at razor-thin margins over US Treasuries. Nevertheless, high yields coupled with low co-movement with established asset classes put Emerging Market Debt in the spotlight massive capital inflows entailed a sharp compression of spreads towards less risky assets. Is this drop in risk premia justifiable by country-specific fundamentals? Or is it driven by the abundance of globally investable liquidity and investors' risk appetite? An understanding of this distinction is crucial for both policy makers in Emerging Markets and asset managers worldwide. Addressed to researchers and practitioners alike, this study derives a reduced-form model and tests macroeconomic as well as global factors on their respective impact. Finally, Emerging Market Debt is related to other asset classes to gain insights into risk and return, portfolio diversification and asset allocation.

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Emerging Market Debt

An Emerging Asset Class between Economic Fundamentals and Global Liquidity Conditions

Informace o knize

Kompletní popis

Mohlo by vás zajímat

Zákaznicí kteří koupili tuto knihu koupili také