scholarly journals Flight to Quality: Investor Risk Tolerance and the Spread of Emerging Market Crises

2001 ◽  
pp. 129-155 ◽  
Author(s):  
Barry Eichengreen ◽  
Galina Hale ◽  
Ashoka Mody
Keyword(s):  
Emerging Market ◽  
Risk Tolerance ◽  
Flight To Quality

scholarly journals Dynamic gains of Including emerging markets assets in an international diversified portfolios

2003 ◽  
Author(s):  
◽  
Andrés Orlandi
Keyword(s):  
Emerging Market ◽  
Economic Value ◽  
Equity Markets ◽  
Risk Tolerance ◽  
Portfolio Performance ◽  
Conditional Mean ◽  
Us Economy ◽  
International Environment ◽  
Capital Market Liberalization ◽  
Mean Variance

Using a utility based measure and under a conditional mean-variance framework this paper analyzes the economic value of diversifying into emerging market. Depending on risk tolerance characteristics, the value of diversifying into emerging equity markets is estimated to be between 100 and 300 annual basis points, even after imposing realistic constrains that investors face in these markets. Importantly, the methodology used in this paper allows studying how changes in the national and international environment affects this measure. The analysis indicate that while emerging market crises seem to reduce these economic gains, when US economy is in a recession, investing in emerging equity markets still help improving the portfolio performance. At the same time, although in the early nineties a capital market liberalization process took place, the gains of investing in emerging equities remain economically significant, with a growing trend from 2001 on.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Craft Beer's Unlikely Alchemist

2019 ◽  
Vol 19 (4) ◽  
pp. 78-90
Author(s):  
Theresa McCulla
Keyword(s):  
San Francisco ◽  
Assembly Line ◽  
The United States ◽  
Risk Tolerance ◽  
Small Scale ◽  
Intellectual Curiosity ◽  
Brewing Industry ◽  
Washing Machine ◽  
Craft Beer ◽  
History Of

In 1965, Frederick (Fritz) Maytag III began a decades-long revitalization of Anchor Brewing Company in San Francisco, California. This was an unexpected venture from an unlikely brewer; for generations, Maytag's family had run the Maytag Washing Machine Company in Iowa and he had no training in brewing. Yet Maytag's career at Anchor initiated a phenomenal wave of growth in the American brewing industry that came to be known as the microbrewing—now “craft beer”—revolution. To understand Maytag's path, this article draws on original oral histories and artifacts that Maytag donated to the Smithsonian Institution's National Museum of American History via the American Brewing History Initiative, a project to document the history of brewing in the United States. The objects and reflections that Maytag shared with the museum revealed a surprising link between the birth of microbrewing and the strategies and culture of mass manufacturing. Even if the hallmarks of microbrewing—a small-scale, artisan approach to making beer—began as a backlash against the mass-produced system of large breweries, they relied on Maytag's early, intimate connections to the assembly-line world of the Maytag Company and the alchemy of intellectual curiosity, socioeconomic privilege, and risk tolerance with which his history equipped him.

Book Reviews

2005 ◽  
Vol 55 (2) ◽  
pp. 235-249
Author(s):  
Csilla Varga ◽  
György Lengyel ◽  
Viktória Vásáry
Keyword(s):  
Rural Development ◽  
Emerging Market ◽  
Social Position ◽  
Emerging Market Economies ◽  
Multifunctional Agriculture ◽  
New Paradigm ◽  
Ashgate Publishing ◽  
Publishing Limited ◽  
European Agriculture

Grzegorz W. Kolodko: Emerging Market Economies: Globalization and Development (Aldershot and Burlington: Ashgate, 2003, 281 pp.) - Reviewed by Csilla Varga); Mihály Laki - Júlia Szalai: Vállalkozók vagy polgárok? A nagyvállalkozók gazdasági és társadalmi helyzetének ambivalenciái az ezredforduló Magyarországán (Entrepreneur or Citoyen? Ambivalences of the Economic and Social Position of Great Entrepreneurs at the Turn of the Millenium in Hungary) (Budapest: Osiris, 2004, 271 pp.) - Reviewed by György Lengyel; Guido van Huylenbroeck - Guy Durand (eds): Multifunctional Agriculture. A New Paradigm for European Agriculture and Rural Development (Hampshire, England: Ashgate Publishing Limited, 2003, 239 pp.) - Reviewed by Viktória Vásáry

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