The Pricing of Risky Assets in Two Asian Emerging Markets - Korea and Taiwan PDF Download

Author: Yan-leung Cheung
Publisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 46

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Author: Yan-ki Ho
Publisher:
ISBN:
Category : Capital assets pricing model
Languages : en
Pages : 28

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Author: S. Motamen-Samadian
Publisher: Springer
ISBN: 0230596363
Category : Business & Economics
Languages : en
Pages : 179

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Book Description
This book provides a thorough analysis of risk management in emerging markets. A collection of eight studies, each chapter examines the range of risks that investors face in an emerging market, and the methods that should be used to manage these risks. It includes the latest empirical studies on the role of insider trading and the extent of information efficiency of these markets, and a comprehensive assessment of the suitability of the Value at Risk models to emerging markets.

Author: Cheng-Few Lee
Publisher: Emerald Group Publishing
ISBN: 1789732859
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
Advances in Pacific Basin Business, Economics and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries.

Author: Eduardo Roca
Publisher: Routledge
ISBN: 1000160378
Category : Social Science
Languages : en
Pages : 115

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Book Description
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 664

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Author: Michael G. Papaioannou
Publisher: Irwin Professional Publishing
ISBN:
Category : Bond market
Languages : en
Pages : 392

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Book Description
Emerging Market Portfolios presents a framework for effective risk management in emerging capital markets. The many difficulties and opportunities encountered are presented in detail, including historical patterns of development in emerging equity markets; profit and safety through recommended portfolio allocation methods; issues of volatility and cointegration in investment decisions; availability of derivative instruments, and recent developments in derivative pricing; and unexpected barriers to using financial risk management tools. Emerging Market Portfolios explores the potential of adapting and applying the analytical tools of modern portfolio theory to emerging markets investment. Hedging strategies and vehicles are presented and analyzed, areas of higher risk-adjusted return potential are identified and state-of-the-art research on asset and derivative pricing is presented. Emerging Market Portfolios is a thorough, expert analysis of emerging market investment and risk control, with emphasis on applicable diversification and hedging strategies.

Author: Mr.Serkan Arslanalp
Publisher: International Monetary Fund
ISBN: 1475525133
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
This paper finds that financial spillovers from China to regional markets are on the rise. The main transmission channel appears to be trade linkages, although direct financial linkages are playing an increasing role. Without an impact on global risk premiums, China’s influence on regional markets is not yet to the level of the United States, but comparable to that of Japan. If China-related shocks are coupled with a rise in global risk premiums, as in August 2015 and January 2016, spillovers to the region could be significantly larger. Over the medium term, China’s financial spillovers could rise further with tighter financial linkages with the region, including through the ongoing internationalization of the renminbi and China’s capital account liberalization.

Author: James Ming Chen
Publisher: Springer
ISBN: 3319634658
Category : Business & Economics
Languages : en
Pages : 293

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Book Description
This book rehabilitates beta as a definition of systemic risk by using particle physics to evaluate discrete components of financial risk. Much of the frustration with beta stems from the failure to disaggregate its discrete components; conventional beta is often treated as if it were "atomic" in the original Greek sense: uncut and indivisible. By analogy to the Standard Model of particle physics theory's three generations of matter and the three-way interaction of quarks, Chen divides beta as the fundamental unit of systemic financial risk into three matching pairs of "baryonic" components. The resulting econophysics of beta explains no fewer than three of the most significant anomalies and puzzles in mathematical finance. Moreover, the model's three-way analysis of systemic risk connects the mechanics of mathematical finance with phenomena usually attributed to behavioral influences on capital markets. Adding consideration of volatility and correlation, and of the distinct cash flow and discount rate components of systematic risk, harmonizes mathematical finance with labor markets, human capital, and macroeconomics.

Author: Calla Wiemer
Publisher: Cambridge University Press
ISBN: 1009181408
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
Macroeconomics for Emerging East Asia presents a distinctive approach to the study of macroeconomic theory and policy. The author develops a unique analytical framework that incorporates: (1) both internal and external balance as aspects of macroeconomic stability; (2) both the exchange rate and the interest rate as monetary policy instruments, (3) government debt sustainability as a concern of fiscal policy, and (4) global capital flows as a force to be reckoned with. The framework provides students with the foundational knowledge to analyze macroeconomic issues common to emerging economies. Concepts are illustrated using the latest empirical data and extensive case study analysis for thirteen economies of Northeast and Southeast Asia (Cambodia, China, Hong Kong, Indonesia, Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam). The book's lucid exposition accommodates students of differing levels of preparation.