In what follows various econometric technique is applied to determine the source of consumption growth with historical retrospective to equity and real estate markets as well comparative analysis of US consumer and Chinese consumer is presented

Hedging bond portfolios using futures is often utilized in developed countries where the bond market is liquid and futures are considered quick and inexpensive way of eliminating risk. The EM bond market is underdeveloped. Asset managers lack instruments that allow them to efficiently hedge...

The relationship between emerging economies and developed economies via multinational corporations is investigated. Using newly constructed database, it is shown that corporate expansion during the past decade has been dominated by M&As and characterized by developed countries financial...