Environmental, Social, and Governance Factors in Emerging Markets: a Volatility Study

Evaluation of Corporate Governance Practices in Emerging Markets (A case study of Nigerian Banking Industry)

This study explores corporate governance practices within the context of the Nigerian banking industry using instances of corporate governance lapses that resulted in part to the Nigerian banking crises. We present multiple case analysis of publicly available documents and court papers (in the United Kingdom and Nigeria) to document instances of breach and areas of weakness in the existing Nige...

Long Memory in Stock Returns: A Study of Emerging Markets

The present study aimed at investigating the existence of long memory properties in ten emerging stock markets across the globe. When return series exhibit long memory, it indicates that observed returns are not independent over time. If returns are not independent, past returns can help predict future returns, thereby violating the market efficiency hypothesis. It poses a serious challenge to ...

Emerging Forces in ENVIRONMENTAL GOVERNANCE

Emerging Markets and Macroeconomic Volatility: Conference Summary

sented at the conference on “Emerging Markets and Macroeconomic Volatility: Lessons from a Decade of Financial Debacles” held at the Federal Reserve Bank of San Francisco on June 4–5, 2004, under the joint sponsorship of the Bank’s Center for Pacific Basin Studies and the University of Maryland’s Center for International Economics.The papers are listed at the end and are available at http://www...

Stock Return Volatility in Emerging Markets

This paper presents an empirical analysis of volatility and contagion across 19 emerging and developed stock markets in the 1990s. First, using an efficient estimate of unconditional stock return volatility we show that contemporaneous return and volatility correlation across stock markets have increased substantially in the 1990s. Second, using simple rolling regressions and goodness of fit me...