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Palgrave Macmillan

Emerging Markets and Sovereign Risk

  • Book
  • © 2015

Overview

Editors:
  1. Nigel Finch

    1. The University of Sydney, Australia

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Risk and Emerging Market Investment

    1. Front Matter

      Pages 1-1
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    2. Economic Growth vs. Equity Returns in Emerging Markets

      • R. McFall Lamm Jr.
      Pages 3-17

    3. Default Risk of Sovereign Debt in Central America

      • Astrid Ayala, Szabolcs Blazsek, Raúl B. González de Paz
      Pages 18-44

    4. Contagion in Emerging Markets

      • Serge Darolles, Jérémy Dudek, Gaëlle Le Fol
      Pages 45-58

    5. Aspects of Volatility and Correlations in European Emerging Economies

      • Anna Golab, David E. Allen, Robert Powell
      Pages 59-80

    6. The Political Risk of Offshore Financial Centres: The Cyprus Bail-Out

      • David Chaikin
      Pages 81-105

  3. Rating Agencies and the Sovereign Rating Process

    1. Front Matter

      Pages 107-107
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    2. Travels in the Ratings Space: Developed and Developing Countries’ Sovereign Ratings

      • Lúcio Vinhas de Souza
      Pages 109-117

    3. The Sovereign Rating Regulatory Dilemma

      • Jeffrey Manns
      Pages 118-152

    4. A Framework for Understanding the Acceptability of Rating Agency Methodologies

      • Nigel Finch
      Pages 153-166

    5. Sovereign Wealth Funds and Investment Law

      • Mauro Megliani
      Pages 167-181

    6. Common Characteristics of Rated Sovereigns Prior to Default

      • Marie Cavanaugh, John B. Chambers, Maximillian McGraw
      Pages 182-192

  4. Management of Sovereign Risk and Ratings

    1. Front Matter

      Pages 193-193
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    2. Big Projects in Small Economies: The Determinants of Sovereign Risk and Its Control

      • Sean J. Hinton, Brian S. Fisher, Anna M. Fisher
      Pages 195-212

    3. Monetary Policy and International Reserves in Emerging Economies: Theory and Empirics

      • Prakash Kumar Shrestha, Willi Semmler
      Pages 213-230

    4. Stock Market Impact of Sovereign Rating Changes: Alternative Benchmark Models

      • Emawtee Bissoondoyal-Bheenick, Robert Brooks
      Pages 231-252

    5. Reserve Adequacy Measures for Emerging Market Economies

      • Willi Semmler, Lebogang Mateane
      Pages 253-274

    6. The Price Impact of Sovereign Rating Announcements

      • Albert Metz, Merxe Tudela
      Pages 275-292

  5. Back Matter

    Pages 293-298
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Keywords

About this book

Emerging Markets and Sovereign Risk provides case studies, commentary and analysis on the financial risk management and measurement in the context of frontier and developing counties from international experts covering three key areas of emerging market investments, the rating sovereign risk and managing sovereign risk.

Editors and Affiliations

  • The University of Sydney, Australia

    Nigel Finch

About the editor

David E. Allen, University of South Australia, Australia Astrid Ayala, Universidad Francisco Marroquín, Guatemala Banita Bissoondoyal-Bheenick, Monash University, Australia Robert Brooks, Monash University, Australia Szabolcs Blazsek, Universidad Francisco Marroquín, Guatemala Marie Cavanaugh, Standard & Poor's, USA David Chaikin, University of Sydney Business School, Australia John Chambers, Standard & Poor's, USA Serge Darolles, Université Paris Dauphine, France Jérémy Dudek, Université Paris Dauphine, France Anna Fisher, BAEconomics Pty Ltd., Australia Brian Fisher, BAEconomics Pty Ltd., Australia Anna Golab, Edith Cowan University, Australia Raúl González de Paz, Central Bank of Guatemala, Guatemala Sean Hinton, Terbish Partners, China Gaëlle Le Fol, Université Paris Dauphine, France Max McGraw, Sovereign Group, USA Jeffrey Manns, George Washington University, USA R McFall Lamm, Jr, Stelac Advisory Services LLC, USA Lebogang Mateane, Schwartz Center for Economic Policy Analysis, USA Mauro Megliani, Catholic University of Milan, Italy Albert Metz, Moody's Investors Service, USA Robert Powell, Edith Cowan University, Australia Willi Semmler, The New School, USA Prakash Kumar Shrestha, Nepal Rastra Bank, Kathmandu, Nepal Dr. Lúcio Vinhas de Souza, Moody's Investor Services, USA

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