Interest in the Latin American emerging markets (LAEM) has increased considerably in recent years. It is often claimed that they have to pay a price for being too different from developed markets, i.e. for having weak institutions, failed macroeconomic programs, political instability, poor...

The emphasis of this book is on understanding special characteristics of the financial systems of emerging markets, where the existence of market imperfections such as asymmetric information, adverse selection and moral hazard can cause financial market failures. Considering the Thai stock...

Bei der Einführung innovativer Kommunikationsdienste stehen Anbieter vor der Aufgabe, einen Markt zu schaffen, denn Nachfrager sind erst dann bereit, in die Kommunikationstechnologie zu investieren, wenn eine zufrieden stellende Teilnehmerzahl erreicht wird. Der Aufbau positiver Erwartungen...