Editors:
Sabri Boubaker
Bonnie Buchanan
Duc Khuong Nguyen
Synopsis:
Academic finance research has shown that emerging markets still suffer from a myriad of risks such as credit, operational, market, legal and exchange rate risks. The onset of the subprime crisis 2007, the global financial crisis 2008-2009, and the Euro-zone public debt crisis since the end of 2009 has brought to the light a number of emerging markets facing tumbling currencies, rising inflation, slowing growth, heavy dependence on foreign capital, and high levels of vulnerability to external shocks due to increased market integration. This context calls for not only a reconsideration of recent risk assessment models and risk management practices, but also the improvement and innovation of these models and practices. Factors such as liquidity, tail dependence, co-movement, contagion, and timescale interactions have thus to be part of an integrated risk assessment and management framework.
Book Information
Publication Date: 03 August 2016
Format print: Hardback
Page count: 400
Dimensions: 152 x 229