Emerging Market Debt

Name: Emerging Market Debt
Brand: VDM Verlag
SKU: 9783639261639
Price: 59.66 EUR
Availability: InStock

An Emerging Asset Class between Economic Fundamentals and Global Liquidity Conditions

Автор: Alexander Kurz

Език:

Корици: С меки корици

Издател: VDM Verlag

Наличност: Външен склад

Изпращаме след 14-21 дни

59.66 € 116.69 лв

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

Информация за книгата

Автор

Alexander Kurz

Език

Английски език

Корици

Книга - С меки корици

Издадена

2010

страници

160

EAN

9783639261639

ISBN

3639261631

Enbook ID

06833515

Издател

VDM Verlag

Теглоt

245

Размери

152 x 229 x 9

Пълно описание

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

Информация за книгата

Пълно описание

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