LEADER 00755nam0-22002891i-450- 001 990002575960403321 035 $a000257596 035 $aFED01000257596 035 $a(Aleph)000257596FED01 035 $a000257596 100 $a20000920d1966----km-y0itay50------ba 101 0 $aENG 200 1 $aElementary number theory$fEdmund Landau. 205 $a2.ed. 210 $aNew York$cChelsea$d1966. 215 $a256 p.$d24 cm 610 0 $aTeoria dei numeri 676 $a512 700 1$aLandau,$bEdmund$f<1877-1938>$028694 801 0$aIT$bUNINA$gRICA$2UNIMARC 901 $aBK 912 $a990002575960403321 952 $aMXXXIII-A-39$b1391$fMAS 959 $aMAS 996 $aElementary number theory$9435912 997 $aUNINA DB $aING01 LEADER 05381nam 2200673 450 001 9910810545103321 005 20200520144314.0 010 $a1-118-87966-X 010 $a1-118-87964-3 010 $a1-118-87965-1 035 $a(CKB)2550000001280587 035 $a(EBL)1680246 035 $a(SSID)ssj0001215707 035 $a(PQKBManifestationID)11976708 035 $a(PQKBTitleCode)TC0001215707 035 $a(PQKBWorkID)11177655 035 $a(PQKB)10471114 035 $a(OCoLC)879278445 035 $a(Au-PeEL)EBL1680246 035 $a(CaPaEBR)ebr10865380 035 $a(CaONFJC)MIL601871 035 $a(CaSebORM)9781118879665 035 $a(MiAaPQ)EBC1680246 035 $a(EXLCZ)992550000001280587 100 $a20140505h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEmerging markets in an upside down world $echallenging perceptions in asset allocation and investment /$fJerome Booth 205 $a1st edition 210 1$aChichester, England :$cWiley,$d2014. 210 4$dİ2014 215 $a1 online resource (282 p.) 225 1 $aWiley Finance Series 300 $aDescription based upon print version of record. 311 $a1-118-87967-8 311 $a1-306-70620-3 320 $aIncludes bibliographical references and index. 327 $aCover; Title Page; Copyright Page; Contents; Foreword; Acknowledgements; Introduction; I.1 Upside down: perception vs reality; I.2 The structure of the book; 1 Globalisation and the Current Global Economy; 1.1 What is globalisation?; 1.2 Economic history and globalisation; 1.2.1 The desire to control and its impact on trade; 1.2.2 The influence of money; 1.2.3 Trade and commodification; 1.2.4 Nationalism; 1.3 Recent globalisation; 1.3.1 Bretton Woods; 1.3.2 Ideological shifts; 1.3.3 Participating in globalisation: living with volatility; 2 Defining Emerging Markets 327 $a2.1 The great global rebalancing2.1.1 Financing sovereigns; 2.1.2 Catching up; 2.1.3 The poorest can also emerge: aid and debt; 2.1.4 From debt to transparency and legitimacy; 2.2 Investing in emerging markets; 2.3 Emerging market debt in the 20th century; 2.3.1 Types of external sovereign debt; 2.3.2 From Mexican crisis to Brady bonds; 2.3.3 Market discipline; 2.3.4 Eastern Europe; 2.3.5 Mexico in crisis again; 2.3.6 The Asian and Russian crises; 2.3.7 Emerging markets grow up; (a) The first change: country and contagion risks fall; (b) The second change: the investor base 327 $a2.3.8 Testing robustness: Argentina defaults2.3.9 The end of the self-fulfilling prophecy; 2.4 The growth of local currency debt; 2.5 Why invest in emerging markets?; 3 The 2008 Credit Crunch and Aftermath; 3.1 Bank regulation failure; 3.1.1 Sub-prime; 3.2 The 2008 crisis; 3.3 Depression risk; 3.3.1 Reducing the debt; 3.3.2 Deleveraging is not an emerging market problem; 3.4 Global central bank imbalances; 4 Limitations of Economics and Finance Theory; 4.1 Theoretical thought and limitations; 4.2 Economics, a vehicle for the ruling ideology; 4.3 Macroeconomics 327 $a4.4 Microeconomic foundations of macroeconomics4.4.1 Efficient market hypothesis; 4.4.2 Modern portfolio theory; 4.4.3 Investment under uncertainty; 4.5 Bounded decisions and behavioural finance; 5 What is Risk?; 5.1 Specific and systematic risk; 5.2 Looking backwards; 5.3 Uncertainty; 5.4 Risk and volatility; 5.5 Risk in emerging markets; 5.6 Rating agencies; 5.7 Capacity, willingness, trust; 5.7.1 Rich countries default by other means; 5.7.2 Two sets of risk in emerging markets; 5.8 Sovereign risk: a three-layer approach; 5.9 Prejudice, risk and markets 327 $a5.9.1 When you have a hammer, everything looks like a nail6 Core/Periphery Disease; 6.1 The core/periphery paradigm; 6.1.1 Core breach?; 6.1.2 Another core/periphery concept: decoupling; 6.1.3 And another: spreads; 6.2 Beyond core/periphery; 6.2.1 Towards a relative theory of risk; 6.2.2 GDP weighting; 7 The Structure of Investment; 7.1 Misaligned incentives; 7.2 Confused incentives; 7.3 Evolutionary dynamics, institutional forms; 7.3.1 History matters; 7.4 Network theory; 7.5 Game theory; 7.6 Investor structure and liquidity; 7.7 Market segmentation; 7.7.1 Warning signals 327 $a7.8 Investor base structure matters 330 $aThe world is upside down. The emerging market countries are more important than many investors realise. They have been catching up with the West over the past few decades. Greater market freedom has spread since the end of the Cold War, and with it institutional changes which have further assisted emerging economies in becoming more productive, flexible, and resilient. The Western financial crisis from 2008 has quickened the pace of the relative rise of emerging markets - their relative economic power, and with it political power, but also their financial power as savers, investors and 410 0$aWiley finance series. 606 $aInvestments, Foreign$zDeveloping countries 615 0$aInvestments, Foreign 676 $a332.673091724 700 $aBooth$b Jerome$01709929 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910810545103321 996 $aEmerging markets in an upside down world$94100116 997 $aUNINA