Research in Emerging Markets Finance:
Looking to the Future
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.
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,
F30,
F15,
F43,
F22,
F36,
International Finance
Economic integration
Economic growth of open economies
Interational Investment, Long-term capital movements
Financial aspects of economic integration
G15,
G12,
G18,
G20,
International Financial Markets
Asset Pricing
Government Policy and Regulation
General Financial Institutions
F30, F36, G12, G15,G18, G20