This book provides a thorough analysis of risk management in emerging markets. A collection of eight studies, each chapter examines the range of risks that investors face in an emerging market, and the methods that should be used to manage these risks. It includes the latest empirical studies on...

The wealth of sovereigns -- The road to Pan-Asia -- Rumble in the jungle -- A new oil age -- To the ends of the earth -- Natural gas : the 21st century fuel -- Coal : the world's workhorse -- The other energy -- Water is money -- Back to the future -- Age, youth, and upward mobility -- The Asian...

An economy in which deposit-taking banks of a Diamond/ Dybvig style and an asset market coexist is modelled. Firstly, within this framework we characterize distinct financial systems depending on the fraction of households with direct investment opportunities that are less efficient than those...

We explore the various arguments for and against the recommendation that younger households should invest a larger share of their pension wealth in risky assets. The ability of young agents to compensate their financial losses by saving more during their career provides the strongest argument in...