Buy new:
$46.60
FREE delivery Oct 18 - Nov 2. Details
Usually ships within 5 to 6 days.
As an alternative, the Kindle eBook is available now and can be read on any device with the free Kindle app.
[{"displayPrice":"$46.60","priceAmount":46.60,"currencySymbol":"$","integerValue":"46","decimalSeparator":".","fractionalValue":"60","symbolPosition":"left","hasSpace":false,"showFractionalPartIfEmpty":true,"offerListingId":"TlozN5W4YpUiYvhqX22BJqdbPaaXppzJNIKVTMzhGsz2%2FuY8k%2Bl9VM5BeYywOBI3rAqeSUJlRpNNqTZal1GSgqWT3%2BjbZhGfxGwv2seNWkaSXCSGSUqckBDC4c7RApY1fYRVOCMHMDzSFNd6vjqENYCB6GhUoDZ2EwBfgV6z6eZIJWatBhnV%2Fg%3D%3D","locale":"en-CA","buyingOptionType":"NEW"}]
$$46.60 () Includes selected options. Includes initial monthly payment and selected options. Details
Price
Subtotal
$$46.60
Subtotal
Initial payment breakdown
Shipping cost, delivery date and order total (including tax) shown at checkout.
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Ships from United Kingdom and sold by Book Depository CA.
Share <Embed>
Have one to sell?
Kindle app logo image

Download the free Kindle app and start reading Kindle books instantly on your smartphone, tablet, or computer – no Kindle device required. Learn more

Read instantly on your browser with Kindle Cloud Reader.

Using your mobile phone camera, scan the code below and download the Kindle app.

QR code to download the Kindle app

Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more

Cracking the Emerging Markets Enigma Paperback – July 10 2018

3.7 out of 5 stars 5 ratings

Amazon Price
New from Used from
Kindle Edition
Paperback
$46.60
$28.90 $16.83

Enhance your purchase

Product description

Review

"Andrew Karolyi has a long track record of distinguished scholarship on international financial markets. This important book on the fundamental risks associated with investing in emerging markets shares many of the lessons of his writing. Anyone who cares about investing in emerging markets should consider Karolyi's new framework. This is an especially important book because it lets data and evidence talk loudly and clearly. Cracking the Emerging Markets Enigma provides a practical framework that highlights for asset owners, consultants, and professional asset managers the fundamental risks of investing in emerging markets. Readers will be inspired by the lucid arguments and, as investors, will be better prepared for the next hard decision they will face in the emerging market space." ―David Booth, Chairman and Co-CEO, and Eduardo Repetto, Co-CEO and Co-CIO, Dimensional Fund Advisors

"Conventional wisdom about emerging markets fluctuates between breathless optimism about opportunities they offer and despondency about their flaws. Instead, Andrew Karolyi offers a sober, quantitative, and thoughtful analysis, which could do great service to scholars and investors alike." ―Andrei Shleifer, Professor of Economics, Harvard University

"Building on decades of academic grounding, Professor Karolyi proposes an innovative and useful framework for evaluating emerging market opportunities and risks. This book should be on the shelves of every EM investor in the asset management industry." ―Ken Kroner, Chief Investment Officer and Head of Scientific Active Equity, BlackRock

"Funding the higher growth potential offered by the emerging markets will only be truly realised with the more active engagement of direct and portfolio investors in developing the governance infrastructure and removing operational inefficiencies. Dr. Karolyi's considered and thoughtful approach to key risk indicators backed with compelling case studies, advances our understanding of the available investment opportunity and market capacity." ―Michael Cole-Fontayn, Executive Vice President, Chairman of Europe, Middle East & Africa, The Bank of New York Mellon

"This book is a must read for investors allocating to emerging economies. Andrew Karolyi is one of the most respected scholars in international finance and has produced an immensely readable and practical guide on emerging market investing. The book offers insights and data on the challenges of emerging countries, which contrast with the conventional romantic notion of EM growth. It also offers an easy to use scoring system to help investors improve their odds for success." ―Jason Hsu, Co-Founder and Vice Chairman, Research Affiliates

"Karolyi develops an intuitive but rigorous process to assess the operational risks, expropriation risks, and other impediments foreign investors face in markets around the world. The result is an easily understood framework that organizes what would otherwise be an overwhelming amount of information. The general conclusions make sense, but there are also many interesting and important surprises to reward the reader. Karolyi's comfortable, intuitive style makes the book accessible to anyone interested in the challenges foreign investors face in emerging markets." ―Kenneth R. French, Roth Family Distinguished Professor of Finance at the Tuck School of Business at Dartmouth College

"Investors have many reasons why they find emerging markets to be attractive but they also know that these markets have risks that they are not exposed to within developed markets and that they have to master if they want to be successful. Cracking the Emerging Markets Enigma provides investors with an implementable approach to master these risks built using the most advanced research in financial economics. The book is written by a leading researcher who knows how to communicate with investors and whose approach has already passed the market test. I highly recommend it." ―Rene Stulz, Professor of Finance, Fisher College of Business, The Ohio State University

"The courageous attempt of Prof. G. Andrew Karoly to 'crack the emerging markets enigma' must be commended. After years of work, he concludes that he is 'not sure' that he has actually achieved it. However, his contribution provides a methodology to identify the source and future of emerging markets by focusing on six factors in a 'rigorous, comprehensive and practical way.' Those who work, academically, financially and professionally in emerging markets will recognize immediately some of the most important impediments to further or better growth of those markets. Not surprisingly, most of them are the result of the legal and regulatory structure of those countries. Overcoming these obstacles is a common challenge of local governments and their business community."

"Andrew Karolyi certainly moved the ball forward in the direction of an enigma that, contrary to the British Bletchley in World War II, might never be completely cracked. It is quite an achievement and he initiated here a sizeable and useful progress, and he managed to make it eminently readable." ―Georges Ugeux, Chairman and CEO, Galileo Global Advisors

About the Author

G. Andrew Karolyi is Associate Dean for Academic Affairs and Harold Bierman, Jr. Distinguished Professor of Management at S.C. Johnson Graduate School of Management, Cornell University.

Product details

  • Publisher ‏ : ‎ Oxford University Press; Reprint edition (July 10 2018)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 312 pages
  • ISBN-10 ‏ : ‎ 0190912316
  • ISBN-13 ‏ : ‎ 978-0190912314
  • Item weight ‏ : ‎ 424 g
  • Dimensions ‏ : ‎ 22.61 x 1.78 x 14.48 cm
  • Customer Reviews:
    3.7 out of 5 stars 5 ratings

Customer reviews

3.7 out of 5 stars
3.7 out of 5
5 global ratings
5 star
26%
4 star
20%
3 star
54%
2 star 0% (0%) 0%
1 star 0% (0%) 0%

Top reviews from Canada

There are 0 reviews and 0 ratings from Canada

Top reviews from other countries

Serge J. Van Steenkiste
3.0 out of 5 stars Useful Risk Assessment Framework for Investing in Emerging Markets
Reviewed in the United States on August 20, 2015
Verified Purchase
One person found this helpful
Report abuse
John Michael
3.0 out of 5 stars For PCA Junkies
Reviewed in the United States on February 28, 2019
Verified Purchase
John Goodell
4.0 out of 5 stars Book is a great read. Quite disappointed author did not list final ...
Reviewed in the United States on June 24, 2015
Verified Purchase