This books explores the international aspects of pension reform, private savings and volatile capital markets and clarifies how they relate to each other. Building the case for the pension-improving benefits of global asset diversification, analysing the implications of financial reform for...

Verschiebung der Wirtschaftspotenziale von der BRIC-Region in die Gruppe der Neuen Emerging Markets -- Investitionskriterien für die Kapitalmärkte der Neuen Emerging Markets -- Auswahl der chancenreichsten Neuen Emerging Markets (empirischer Teil) -- Zusammenfassung.

This paper explores the behavior of emerging market mutual funds using anovel database covering the holdings of individual funds over the periodJanuary 1996 to March 1999. An examination of individual crises shows that,on average, funds withdrew money one month prior to the events. Thedegree of...