Handbook of Frontier Markets: The European and African Evidence provides novel insights from academic perspectives about the behavior of investors and prices in several frontier markets. It explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets.
Frontier markets have now become a popular investment class among institutional investors internationally, with major financial services providers establishing index-benchmarks for this market-category. The anticipation for frontier markets is optimistic uncertainty, and many people believe that, given their growth rates, these markets will be economic success stories. Irrespective of their degrees of success, The Handbook of Frontier Markets can help ensure that the increasing international investment diverted to them will aid in their greater integration within the global financial system.
1. Cover - p. i 2. Title page - p. iii 3. Table of Contents - p. iii 4. Copyright - p. ii 5. List of Contributors - p. iv 6. About the Editors - p. xii 7. About the Contributors - p. xiv 8. Acknowledgment - p. xix 9. Section A: Africa - p. xxi 10. Chapter 1: Testing for the Weak-Form Market Efficiency of the Dar es Salaam Stock Exchange - p. xxi 11. Chapter 2: Stock Returns and Inflation: The Case of Botswana - p. 26 12. Chapter 3: Modeling and Forecasting Stock Market Volatility in Frontier Markets: Evidence From Four European and Four African Frontier Markets - p. 38 13. Chapter 4: Herd Behavior in Frontier Markets: Evidence from Nigeria and Morocco - p. 54 14. Chapter 5: Effects of Interest Rates and Exchange Rates on Bank Stock Returns - p. 69 15. Chapter 6: Financial Contagion From US to African Frontier Markets During the 2007–09 Global Financial Crisis - p. 92 16. Section B: Europe - p. 114 17. Chapter 7: An Assessment of the Real Development Prospects of the EU 28 Frontier Equity Markets - p. 114 18. Chapter 8: Are European Frontier Markets Efficient? - p. 146 19. Chapter 9: Another Look at Financial Analysts’ Forecasts Accuracy: Recent Evidence From Eastern European Frontier Markets - p. 170 20. Chapter 10: Are There Herding Patterns in the European Frontier Markets? - p. 189 21. Section C: Asia - p. 212 22. Chapter 11: Is Bankruptcy a Systematic Risk? Evidence From Vietnam - p. 212 23. Chapter 12: Investors’ Herding in Frontier Markets: Evidence From Mongolia - p. 231 24. Chapter 13: Structural Breaks, Efficiency, and Volatility: An Empirical Investigation of Southeast Asian Frontier Markets - p. 249 25. Index - p. 272
Handbook of Frontier Markets: The European and African Evidence provides novel insights from academic perspectives about the behavior of investors and prices in several frontier markets. It explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets.
Frontier markets have now become a popular investment class among institutional investors internationally, with major financial services providers establishing index-benchmarks for this market-category. The anticipation for frontier markets is optimistic uncertainty, and many people believe that, given their growth rates, these markets will be economic success stories. Irrespective of their degrees of success, The Handbook of Frontier Markets can help ensure that the increasing international investment diverted to them will aid in their greater integration within the global financial system.
1. Cover - p. i 2. Title page - p. iii 3. Table of Contents - p. iii 4. Copyright - p. ii 5. List of Contributors - p. iv 6. About the Editors - p. xii 7. About the Contributors - p. xiv 8. Acknowledgment - p. xix 9. Section A: Africa - p. xxi 10. Chapter 1: Testing for the Weak-Form Market Efficiency of the Dar es Salaam Stock Exchange - p. xxi 11. Chapter 2: Stock Returns and Inflation: The Case of Botswana - p. 26 12. Chapter 3: Modeling and Forecasting Stock Market Volatility in Frontier Markets: Evidence From Four European and Four African Frontier Markets - p. 38 13. Chapter 4: Herd Behavior in Frontier Markets: Evidence from Nigeria and Morocco - p. 54 14. Chapter 5: Effects of Interest Rates and Exchange Rates on Bank Stock Returns - p. 69 15. Chapter 6: Financial Contagion From US to African Frontier Markets During the 2007–09 Global Financial Crisis - p. 92 16. Section B: Europe - p. 114 17. Chapter 7: An Assessment of the Real Development Prospects of the EU 28 Frontier Equity Markets - p. 114 18. Chapter 8: Are European Frontier Markets Efficient? - p. 146 19. Chapter 9: Another Look at Financial Analysts’ Forecasts Accuracy: Recent Evidence From Eastern European Frontier Markets - p. 170 20. Chapter 10: Are There Herding Patterns in the European Frontier Markets? - p. 189 21. Section C: Asia - p. 212 22. Chapter 11: Is Bankruptcy a Systematic Risk? Evidence From Vietnam - p. 212 23. Chapter 12: Investors’ Herding in Frontier Markets: Evidence From Mongolia - p. 231 24. Chapter 13: Structural Breaks, Efficiency, and Volatility: An Empirical Investigation of Southeast Asian Frontier Markets - p. 249 25. Index - p. 272
