This collection of seven studies evaluates the affect of various monetary policies and exchange rate arrangements on the economies of Argentina, Mexico and Brazil. They examine the role of currency board in Argentina, inflation targeting in Mexico and Brazil, international prudential regulation in reducing banking crisis, and credible commitment of the state in attracting FDI. There are also some theoretical and empirical studies on Mexico that evaluate the role of monetary policy in the economy, and analyze the determinants of bank disappearance.

This book is a collection of seven studies that examine the path of transition of central and south eastern European countries, their scope for future development, and the implications of EU enlargement for the acceding countries and the remaining eastern European countries yet to join. It also discusses the role of government in the banking system of Uzbekistan and reports on the reaction of the eastern European stock markets to news of financial crisis in emerging markets.

This book presents the latest empirical findings on stock markets in a number of emerging markets. The authors employ the latest techniques and provide valuable insights into each market, highlighting global integration, their potential for profitable investments and features that will be influential in global portfolio decision-making.

This book evaluates the economic effect of monetary policies and exchange rate arrangements within Latin America. Using theoretical and empirical studies, the text examines pertinent issues in Argentina, Mexico and Brazil, including the role of currency board, inflation targeting and international prudential regulation in banking crisis reduction.

The book features eight studies related to governance and risk. It provides a critical evaluation of Basel II, and questions the significance of corruption in country risk analysis and investors' decision making. It offers a reliable model of early warning credit signals that helps managers to detect default risks, and provides a risk-based analysis of alternative production systems in Pakistan. It analyzes the effects of market liberalization on volatility spill-over across the globe, and examines past and future prospects for the Iraqi stock exchange. Finally, it proposes securitization as a means to finance costs of reconstruction in Iraq.

With the relaxation of capital controls in a large number of developed and developing countries and the globalization of capital markets, economies of emerging markets have attracted a great deal of attention. The objective of this book is to better understand the economic characteristics and shortcomings of emerging markets and provide a discussion of some of the policies which may have to be adopted in conjunction with financial reforms in developing countries in order to reduce the risk of another financial crisis. The book includes case study material.