27 Pages Posted: 9 Sep 2005
Date Written: September 11, 2002
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: 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
By Andrew Ang