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The Behavior Of Emerging Market Returns
Essay specific features
Written by:
Sheldon O
Date added:
November 19, 2016
Level:
University
Grade:
A
No of pages / words:
5 / 1352
Was viewed:
753 times
Rating of current essay:
Essay content:
Indeed, the lesson of volatility was learned the hard way by many investors in December 1994 when the Mexican stock market began a fall that would reduce equity value in U.S. dollars by 80% over the next three months.
But, we have learned far more about these fledgling markets. First, we need to be careful in interpreting the average performance of these markets...
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First, we need to be careful in interpreting the average performance of these markets. Harvey (1995) points out that the International Finance Corporation (IFC) backfilled some of the index data resulting in a survivorship bias in the average returns. Second, the countries that are currently chosen by the IFC are the ones that have a proven track record...
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