Research in Emerging Markets Finance: Looking to the Future

27 Pages Posted: 9 Sep 2005

See all articles by Geert Bekaert

Geert Bekaert

Columbia University - Columbia Business School, Finance

Campbell R. Harvey

Duke University - Fuqua School of Business; National Bureau of Economic Research (NBER)

Date Written: September 11, 2002

Abstract

Much has been learned about emerging markets finance over the past 20 years. These markets have attracted a unique interdisciplinary interest that bridges both investment and corporate finance with international economics, development economics, law, demographics and political science. Our paper focuses on the research areas that are ripe for exploration. We provide new evidence on how emerging market returns, volatility, betas, correlations, skewness and kurtosis have changed as these markets become more financially open.

Keywords: Emerging markets, International Cost of Capital, Financial openness, dating integration, market segmentation, market integration, capital flows, contagion, market correlations, emerging market volatility, emerging return skewness, emerging return kurtosis

JEL Classification: F30, F36, G12, G15, G18, G20

Suggested Citation

Bekaert, Geert and Harvey, Campbell R., Research in Emerging Markets Finance: Looking to the Future (September 11, 2002). Available at SSRN: https://ssrn.com/abstract=795364 or http://dx.doi.org/10.2139/ssrn.795364

Geert Bekaert

Columbia University - Columbia Business School, Finance ( email )

NY
United States

Campbell R. Harvey (Contact Author)

Duke University - Fuqua School of Business ( email )

Box 90120
Durham, NC 27708-0120
United States
919-660-7768 (Phone)

HOME PAGE: http://www.duke.edu/~charvey

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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