CAPM is often the method of choice among practioners for estimating the cost of equity for investment projects in developed economies. But for investment projects in emerging economies, CAPM tends to give estimates that are considered too low by experienced financial managers. Sometimes, CAPM estimates of the cost of equity for projects in emerging markets are even lower than those for comparab...

A. Introduction Over the last few years, emerging markets and developing economies have enjoyed a remarkably benign global environment. Their economies have been supported by low interest rates in the United States, low risk premiums, strong growth in major export markets, and high prices for commodity exports. This supportive global environment, however, is unlikely to last. Although many coun...

The objective of this paper is to analyze short-term contagion effects in emerging currency markets. The originality of our paper lies in our survey used to present the microstructure of emerging currency markets and our empirical approach to contagion analysis through an estimation of tail dependence between pair currencies employing multivariate extreme value theory for the verification of re...

W ithin a relatively short time, cloud computing has emerged as a dominant and transformative paradigm in the world of IT, sparking a revolution in enterprise sectors ranging from telecommunications, finance energy, and retail to government, education, utilities, and transportation— with uptake in both mature and emerging markets. Especially important for emerging markets is the tremendous boos...

Demand for wireless data and Internet services are expected to grow exponentially, worldwide, in the near future. While regulators of advanced countries have often used centralized planning and coordination approach to forecast and allocate the associated spectrum blocks to wireless operators for meeting the demand, it is often ad-hoc in emerging markets dictated by market forces. In this chapt...