Emerging Markets in an Upside Down World: Challenging Perceptions in Asset Allocation and Investment

Contents

Cover

Half Title page

Dedication

Title page

Copyright page

Foreword by Nigel Lawson

Acknowledgements

Introduction

I.1 Upside Down: Perception vs Reality

I.2 The Structure of the Book

Chapter 1: Globalisation and the Current Global Economy

1.1 What is Globalisation?

1.2 Economic History and Globalisation

1.3 Recent Globalisation

Chapter 2: Defining Emerging Markets

2.1 The Great Global Rebalancing

2.2 Investing in Emerging Markets

2.3 Emerging Market Debt in the 20Th Century

2.4 The Growth of Local Currency Debt

2.5 Why Invest in Emerging Markets?

Chapter 3: The 2008 Credit Crunch and Aftermath

3.1 Bank Regulation Failure

3.2 The 2008 Crisis

3.3 Depression Risk

3.4 Global Central Bank Imbalances

Chapter 4: Limitations of Economics and Finance Theory

4.1 Theoretical Thought and Limitations

4.2 Economics, a Vehicle for the Ruling Ideology

4.3 Macroeconomics

4.4 Microeconomic Foundations of Macroeconomics

4.5 Bounded Decisions and Behavioural Finance

Chapter 5: What is Risk?

5.1 Specific and Systematic Risk

5.2 Looking Backwards

5.3 Uncertainty

5.4 Risk and Volatility

5.5 Risk in Emerging Markets

5.6 Rating Agencies

5.7 Capacity, Willingness, Trust

5.8 Sovereign Risk: A Three-Layer Approach

5.9 Prejudice, Risk and Markets

Chapter 6: Core/Periphery Disease

6.1 the Core/Periphery Paradigm

6.2 Beyond Core/Periphery

Chapter 7: The Structure of Investment

7.1 Misaligned Incentives

7.2 Confused Incentives

7.3 Evolutionary Dynamics, Institutional Forms

7.4 Network Theory

7.5 Game ...