标题: SS12 LOS 35.c [打印本页] 作者: cjs238 时间: 2011-7-13 17:06 标题: SS12 LOS 35.c
CFAI says that market liberalization does not increase volatility of returns in emerging markets in the short term and that empirical evidence supports this notion. Is this actually true?
My understanding is that financial crises such as the '97 Asian crisis in Thailand, the current RE asset price bubble in China and potentially a lot of the volatility in emerging market indices was either created or exacerbated by 'hot' foreign capital inflows?
Could someone point me towards the academic journals that support the CFAI's assertion, I would like to see what their research methodology was?
Edited 1 time(s). Last edit at Saturday, March 5, 2011 at 08:45PM by bodhisattva.作者: Analyze_This 时间: 2011-7-13 17:06
I am guessing that you were looking in Schweser. Look in the CFAI books if you haven't already. More more detail.
