Assuming that financial reforms continue to be implemented in emerging countries, forecasts and estimates are developed that show aggregate amounts of financial assets that can exist in the future. A scenario is presented in which world financial assets reach $700 trillion. This includes...

An overview of the main elements of Finance theory beginning with Markowitz and applying widely accepted techniques of analysis to financial decisions in companies and investment portfolios. Intended to be accessible to non specialists

A landmark study of the venture capital sector in Chile after a dozen years of successes, partial successes, and frustrating near-misses. Based on field interviews with entrepreneurs and venture capitalists. Detailed interviews and raw data available from the authors

The Harvard Institute for International Development provided consulting to government ministries in Kenya during the Daniel Arap Moi regime. This report was one of several that were prepared during that multi-year consultancy. It should be understood in the context of Kenya's development as a...

During world financial crises in 1994 and 1998, most Latin American countries suffered severe contagion. But from the crisis of 2001 onward the amounts of contagion those countries suffered was less. This paper is a preliminary discussion of how several Latin American countries protected...

Evidence that option trading can influence the prices of the underlying common stocks is discussed. This research was conducted in the time frame 1981-1982 and that was before there were many articles about deviations from efficient-market pricing. Stock prices were believed to fluctuate without...

A method for ranking cross-border capital investment projects is proposed which makes direct use of stock-market valuation standards. The contribution of each proposed project is ranked according to how much the project would add to stock-market valuation of the parent company. The host country...