Relationships Among Country Risk, Investor Expectations and Financial Variables in Central Europe - Hardcover

Jankovic, Edward M.

9780773413061: Relationships Among Country Risk, Investor Expectations and Financial Variables in Central Europe

Hardcover

ISBN 10: 0773413065 ISBN 13: 9780773413061

Publisher: Edwin Mellen Press Ltd, 2010

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This work is a history of developing market finance and an examination of yield components in the focus countries of Central Europe. Transition economies are by definition changing, or in transition. And the financial variables that explain the dynamics of those economies are also in constant flux. So this book is the attempt to illustrate current relationships among the factors that matter to policymakers in these countries so they can create a more profitable environment, attract more investment, and create a more stable economy. Beginning with the classic seminal literature, the setting of this volume covers all reference points for the applicable branches of theory - international pricing, risk, monetary convergence, capital market efficiency, and FDI. Recent background literature follows, then current literature on all relevant topics is examined and this paper's place in the field of international finance is shown. Methodology is an innovation in this study. First, Vector Autoregression and cointegration analysis support a majority of the proposed hypotheses. Then, technical analysis is used on the graphed data to gain insight into the variables and verify the statistical findings. Lastly and most notably, qualitative research and field studies are generated on three of the countries using a multiple source approach, including expert testimony to an expert interviewer. This work demonstrates that a mixed methods approach to research strengthens conclusions, admits a wider sphere of readers outside traditional research frameworks, and allows for inclusion of disciplines that often combine with international finance, such as politics, law, and international business.

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Review

"... readers will enjoy this work and will gain from it a more extensive awareness of the economic forces at work in Europe's most vibrant economies." - Prof. Pan G. Yatrakis Nova Southeastern University "The book should appeal to both scholars and practitioners as they try to use these insights for the betterment of humanity.... it is necessary for all executives to be aware of and use these tools and techniques in such a comprehensive way." - Prof. Robert DeMichiell Fairfield University"

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