Financial Innovations and the Welfare of Nations: How Cross-Border Transfers of Financial Innovations Nurture Emerging Capital Markets (Hardcover, 2001)

Acknowledgements. Preface. Financial Innovations and the Dynamics of Emerging Capital Markets; L.L. Jacque. Part I: Financial Innovations and Systemic Risk. Fads and Fashions in the Policy Response to Financial Market Crises; A. Persaud. Towards a Global Financial Architecture; P. Christoffersen, V. Errunza. The New Capital Adequacy Framework and the Need for Consistent Risk Measures for Financial Institutions; M. Crouhy, D. Galai, R. Mark. Systemic Risk; S.A.C. Gould, S.A. Naftilan, S.J. Khoury, D.J. Wright. Part II: Financial Innovations and Capital Market Integration. The Secondary Market for Latin American Debt; R. Grosse. The Role of American Depositary Receipts in the Development of Emerging Markets; A. Moel. Screening for Blue-Chip Potential during the `Genesis' of Equity Markets; O.S. Kratz. Privatization and Business Valuation in Transition Economies; R. Aggarwal, J.T. Harper. Part III: International Securitization Innovations. Cross-Border Securitization; T. Frankel. A Tale of Two Citis; P.M. Vaaler. The Promise and Limits of Financial Engineering in Emerging Markets; C.A. Hill. Engineering a Way around the Sovereign Ceiling; A. Zissu, C. Stone. Chargeurs Wool: A Case Study in Securitization; A. Hyafil. Part IV: Financial Derivatives Innovations. Insurance: From Underwriting to Derivatives; E. Briys, F. de Varenne. Insurance Derivatives; M.S. Canter, J.B. Cole, R.L. Sandor. Credit Derivatives and Emerging Markets; R. Neal. Contributors. Index.