Currency Depreciation and Emerging Market Corporate Distress

2020 ◽  
Vol 66 (5) ◽  
pp. 1935-1961 ◽  
Author(s):  
Valentina Bruno ◽  
Hyun Song Shin
Keyword(s):  
Emerging Market ◽  
Currency Depreciation ◽  
Corporate Distress

Emerging Markets at Risk

2020 ◽  
Vol 110 ◽  
pp. 493-498
Author(s):  
Gonzalo Asis ◽  
Anusha Chari ◽  
Adam Haas
Keyword(s):  
Emerging Markets ◽  
Global Financial Crisis ◽  
Emerging Market ◽  
Economic Stress ◽  
Model Fit ◽  
Risk Models ◽  
Advanced Economy ◽  
Distress Risk ◽  
Learning Technique ◽  
Corporate Distress

Policymakers would like to predict and mitigate the risks associated with the post-global financial crisis rise in corporate leverage in emerging markets. However, long-standing advanced-economy bankruptcy models fail to capture the idiosyncrasies that impact the solvency of emerging market firms. We study how a machine learning technique for variable selection, LASSO, can improve corporate distress risk models in emerging markets. Exploring the trade-off between model fit and predictive power, we find that larger models forecast distress with more accuracy during periods of economic stress (when global factors gain relevance), while more parsimonious specifications outperform during normal times.

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.

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

Emerging Market Risk Premiums

CFA Magazine ◽  
2005 ◽  
Vol 16 (2) ◽  
pp. 38-39
Author(s):  
Cynthia Harrington
Keyword(s):  
Emerging Market ◽  
Market Risk ◽  
Risk Premiums
Sign in / Sign up

Export Citation Format

Share Document