© 1998

Emerging Market Capital Flows

Proceedings of a Conference held at the Stern School of Business, New York University on May 23–24, 1996

  • Richard M. Levich

Table of contents

  1. Front Matter
    Pages i-xiii
  2. The history of emerging markets: What have we learned?

  3. Returns on emerging market equities

    1. Front Matter
      Pages 83-83
    2. Roy C. Smith, Ingo Walter
      Pages 85-105
    3. Geert Bekaert, Claude B. Erb, Campbell R. Harvey, Tadas E. Viskanta
      Pages 107-173
    4. Ian Domowitz, Jack Glen, Ananth Madhavan
      Pages 175-192
    5. William N. Goetzmann, Philippe Jorion
      Pages 193-197
  4. Integration of emerging markets and international equity markets

    1. Front Matter
      Pages 217-217
    2. Holger C. Wolf
      Pages 219-235
    3. Robert E. Cumby, Anya Khanthavit
      Pages 237-257
    4. Robin L. Diamonte, John M. Liew, Ross L. Stevens
      Pages 277-289

About this book


In a little over one decade, the spread of market-oriented policies has turned the once so-called lesser developed countries into emerging markets. Many forces have been responsible for the tremendous growth in emerging markets. Trends toward market-oriented policies that permit private ownership of economic activities, such as public utilities and telecommunications, are part of the explanation. Corporate restructuring, following the debt crisis of the early 1980's has permitted many emerging market companies to gain international competitiveness. And an essential condition, a basic sea-change in economic policy, has opened up many emerging markets to international investors.
This growth in emerging markets has been accompanied by volatility in individual markets, and a sector-wide shock after the meltdown in the Mexican Bolsa and Mexican peso, resulting in heated debate over the nature of these markets. Emerging market capital flows continue to be the subject of intense discussion around the world among investors, academics, and policymakers. Emerging Market Capital Flows examines the issues of emerging market capital flows from several distinct perspectives, addressing a number of related questions about emerging markets.


Bank Financing Hedging economic policy growth rating

Editors and affiliations

  • Richard M. Levich
    • 1
  1. 1.Stern School of BusinessNew York UniversityUSA

Bibliographic information

  • Book Title Emerging Market Capital Flows
  • Book Subtitle Proceedings of a Conference held at the Stern School of Business, New York University on May 23–24, 1996
  • Editors Richard M. Levich
  • Series Title The New York University Salomon Center Series on Financial Markets and Institutions
  • DOI
  • Copyright Information Kluwer Academic Publishers 1998
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Hardcover ISBN 978-0-7923-9976-6
  • Softcover ISBN 978-1-4613-7841-9
  • eBook ISBN 978-1-4615-6197-2
  • Series ISSN 1387-6899
  • Edition Number 1
  • Number of Pages XIII, 475
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Finance, general
    International Economics
    Public Economics
    Macroeconomics/Monetary Economics//Financial Economics
  • Buy this book on publisher's site