Explores methodologies for constructing an investment portfolio of emerging and frontier market assets. Provides overview of emerging market landscape and basics of portfolio theory. Investigates issues for selecting emerging market assets, including: determine EM countries with potential for strong economic growth; assess advantages and risks associated with specific asset classes: bonds, equities, real estate, etc. Consider direct vs portfolio investment; onshore vs offshore; and exchange rate risk. Concludes with development of system to assess an emerging country's vulnerability to financial crisis and determines when a crisis creates a buying opportunity. Prerequisite: Economics 201D or 372.
Economics Department