Handbook of Frontier Markets: The European and African Evidence

Handbook of Frontier Markets: The European and African Evidence provides novel insights from academic perspectives about the behavior of investors and prices in several frontier markets. It explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets. Frontier markets have now become a popular investment class among institutional investors internationally, with major financial services providers establishing index-benchmarks for this market-category. The anticipation for frontier markets is optimistic uncertainty, and many people believe that, given their growth rates, these markets will be economic success stories. Irrespective of their degrees of success, The Handbook of Frontier Markets can help ensure that the increasing international investment diverted to them will aid in their greater integration within the global financial system. Presents topics in the context of frontier markets and uses tests based on established methodologies from finance researchDraws from authors who are established university academics Pays particular attention to financial institutions and applications of financial risk modelsExplores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets INDICE: Section A: Africa 1. Weak-form Efficiency in Frontier Stock Markets: Evidence from the Dar es Salaam Stock Exchange 2. Stock Market Returns and Inflation in Frontier Markets: The Case of Botswana 3. Modelling and Forecasting Stock Market Volatility in Africa: Evidence from Frontier Markets 4. Herd Behavior in Frontier Markets: Evidence from Nigeria and Morocco 5. Effects of Interest Rates and Exchange Rates on Bank Stock Returns: Evidence from Kenya 6. Financial Contagion in the 2007-2009 Global Financial Crisis: An African Frontier Markets Perspective Section B: Asia 7. Is Bankruptcy a Systematic Risk? Evidence from Vietnam 8. Investors' Herding in Frontier Markets: Evidence from Mongolia 9. Structural Breaks, Efficiency and Volatility: An Empirical Investigation of Southeast Asian Frontier Section C: Europe 10. An Assessment of the Real Development Prospects of the EU 28 Frontier Equity Markets 11. Are European Frontier Markets Efficient? 12. Another Look at Financial Analysts' Forecasts Accuracy: Recent Evidence from Eastern European Frontier Markets 13.Are There Herding Patterns in the European Frontier Markets?

• ISBN: 978-0-12-803776-8
• Editorial: Academic Press
• Encuadernacion: Cartoné
• Páginas: 475
• Fecha Publicación: 01/06/2016
• Nº Volúmenes: 1
• Idioma: Inglés