Emerging Markets and Sovereign Risk

Emerging markets are an increasingly important area of corporate strategy and fast becoming the driver of global growth. Today, emerging markets account for 40% of global GDP and are experiencing growth rates two or three times faster than developed economies. Not surprisingly, investment activity in emerging market jurisdictions has been frenetic with developed-world firms having invested more than $3 trillion, making it one of the biggest corporate investment cycles since the railway boom of the 19th century.

Emerging Markets and Sovereign Risk provides case studies, commentary and analysis of investment and financial aspects of emerging market investment from international experts inside Standard & Poor's, Moody's, global investment funds, corporations and academia, and covers keys issues such as credit rating agencies and the rating process, risk assessment and pricing of sovereign debt, challenges related to foreign direct investment in emerging countries, capital flows in frontier, emerging and less-mature economies, structuring debt and equity investments in 'non-investment grade' countries, key value drivers in emerging market asset classes, sovereign wealth funds and emerging market investment, and considerations in the management of sovereign credit ratings.

Nigel Finch is Associate Dean (Undergraduate) at the University of Sydney Business School. His academic qualifications include degrees in accounting, business and law and a doctorate in business law. His professional qualifications include membership of CPA Australia and the Institute of Chartered Accountants in Australia. He is also a fellow of the Financial Services Institute of Australasia, the Taxation Institute of Australia, the Australian Institute of Company Directors and CPA Australia, and Associate Professor in Accounting at the University of Sydney Business School. His principal areas of research and teaching include financial reporting, financial performance measurement and the valuation and impairment of assets. He is the editor of the Journal of Applied Research in Accounting and Finance, and a member of the editorial board of the Journal of Intellectual Capital and Managerial Finance.