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Since the mid-1980s, there has been a very substantial increase in stock market activity in many developing countries. This paper first examines the main charac

Frontier Emerging Equity Markets Securities Price Behavior and Valuation uses the Russian example to illustrate the intricate mechanics of frontier emerging equ

Returns in emerging capital markets are very different from returns in developed markets. While most previous research has focused on average returns, we analyz

Within a broad framework for analyzing portfolio capital flows to developing countries, the paper undertakes a comparative analysis of equity markets in six Mid