TheAsianBet-FuquaSchoolofBusiness.pptVIP

Campbell R. Harvey Duke University and NBER Andrew H. Roper Duke University ;Emerging markets can provide substantial returns to foreign investors. However, emerging markets also introduce investors to new sources of economy/region wide risks not present in more developed markets. ;Crisis, Emerging Markets, and Risk;Crisis, Emerging Markets, and Risk;The Signs on the WallEarly “Indications” of the Crisis to Come;Learning from the Past;Stock Market Return PerformanceSetting the Record Straight;Foreign Equity InvestmentNet Purchases of Foreign Equity by US Investors ;Micro Level Stylized Fact