The New Dynamics of Emerging Markets Investment: Managing Sub-Investment-Grade Sovereign Risk

by Michael Pettis

This book, the first to present analytical work on emerging market debt since the 1994 crash, details a new analytical approach to managing your risk. In 10 chapters it brings together the most sophisticated non-traditional techniques that practitioners have developed for evaluating, quantifying and managing emerging market risk to help maximise the returns and minimise the risk from your investment. Chapters cover: quantitative analysis; equity-like characteristics of sub-investment-grade debt; emerging sovereign debt and risk; risk in the Brady universe; hedging in FRNs; efficient emerging market bond portfolio. Co-authored by Michael Pettis, a leading authority in emerging markets debt. The book contains contributions from many other experts and provides reliable and authoritative analysis, providing a new perspective on this market.

162 pages, Paperback

First published May 1, 1997