The growth prospects of new and old emerging markets -- Are emerging stock markets less efficient? : a survey of empirical literature -- How "normal" are emerging market returns? -- Emerging markets exposure : equities or hedge funds? -- Equity returns in emerging markets : prospects for the...

This book proposes new methods to value equity and model the Markowitz efficient frontier using Markov switching models and provide new evidence and solutions to capture the persistence observed in stock returns across developed and emerging markets