Macroeconomic Effect on Market Returns of Four Emerging Economies : Brazil, Russia, India, and China

ISBN-13: 9783639116106 / Angielski / Miękka / 2009 / 108 str.

Robert Gay

Opis

Market efficiency means the market price of a security reflects the market s consensus estimate of the value of said security. This book explores the relationship between the macroeconomy of Brazil, Russia, India, and China and their respective stock market returns. In assessing the risk to invest in emerging financial markets or EFMs, such as the aforementioned macroeconomies, investors will need to understand not only the relationship between country-specific financial markets and how they can be influenced by the macroeconomic factors such as Gross Domestic Product (GDP), Consumer Price Index (CPI), Exchange Rate, M1 Money Supply, and Oil Price, but whether or not their stock markets are efficient in determining the market prices.

O autorze

Robert Gay is an Adjunct Professor in Economics for Nova
Southeastern University (NSU) in Fort Lauderdale, Florida. He
previously taught Financial Accounting for Regent University as
an Adjunct Professor at their Alexandria, Virginia campus and
holds an M.A. in Economics from the University of Oklahoma and a
D.B.A. from NSU.