Emerging Market Capital Flows

Introduction. Part I: The History of Emerging Markets: What Have we Learned? 1. Can Debt Crises be Prevented? T.J. Kehoe. 2. Dealing with Capital Inflows: Mexico and Chile Compared; A. Velasco, P. Cabezas. 3. International Lending in the Long Run: Motives and Management; B. Eichengreen. Part II: Returns on Emerging Market Equities. 4. Rethinking Emerging Market Equities; I. Walter, R.C. Smith. 5. The Behavior of Emerging Market Returns; G. Bekaert, et al. 6. International Cross-Listing, Market Segmentation and Foreign Ownership Restrictions: The Case of Mexico; I. Domowitz, et al. Part III: Integration of Emerging Markets and International Equity Markets. 7. Determinants of Emerging Market Correlations; H.C. Wolf. 8. A Markov Switching Model of Market Integration; R.E. Cumby, A. Khanthavit. 9. External Financing in Emerging Markets: An Analysis of Market Responses; K. Tandon. 10. Political Risk in Emerging and Developed Markets; R.L. Diamonte, et al. Part IV: Lending on `Fixed' Terms in Emerging Markets: Bank Lending and Sovereign Debt. 11. Cross-Border Emerging Market Bank Lending; P. Aerni, G. Junge. 12. Hedging the Interest Rate Risk of Brady Bonds; J. Boudoukh, et al. 13. Country and Currency Risk Premia: Evidence from the Mexican Sovereign Debt Market 1993-1994; I. Domowitz, et al. 14. Emerging Market Debt: Practical Portfolio Considerations; R.J. Bernstein, J.A. Penicook, Jr. Part V: Topics in Corporate Debt and Emerging Markets. 15. Rating the Risk of Corporate Debt from Emerging Markets; E.I. Altman, et al. 16. Proposal for a New Bankruptcy Procedure in Emerging Markets; O. Hart, et al. List of Contributors.