Emerging markets finance

  title={Emerging markets finance},
  author={Geert Bekaerta and Campbell R. Harveyb},
  • Geert Bekaerta, Campbell R. Harveyb
  • Published 2003
Emerging markets have long posed a challenge for finance. Standard models are often ill suited to deal with the specific circumstances arising in these markets. However, the interest in emerging markets has provided impetus for both the adaptation of current models to new circumstances in these markets and the development of new models. The model of market integration and segmentation is our starting point. Next, we emphasize the distinction between market liberalization and integration. We… CONTINUE READING