Overview

Emerging markets are increasingly facing significant challenges, from a slowdown in productivity, rising debt, and trade tensions to the adverse effects of proliferating global uncertainty on domestic financial systems. This incisive Handbook examines the ongoing dynamics of global financial markets and institutions within the context of such rising uncertainty and provides a comprehensive overview of innovative models in banking and finance. Chapters investigate the implications of the COVID-19 pandemic on health and economic activities, as well as other global factors such as geopolitical shifts, digital transformation, and climate change. This expansive range of perspectives demonstrates how emerging market policymakers have been forced to rethink their banking and financial industries to spur sustainable and inclusive growth. Global in scope, the Handbook features contributions from more than 70 experts, offering key insights into new developments in banking and finance, and considering how emerging markets might overcome the pandemic, shape the new normal, and foster economic sustainability. This ambitious Handbook will be an essential read for regulators and policy analysts who will benefit from its innovative perspectives on advancing governance of banking and finance sectors in emerging markets. Its exploration of forthcoming directions for research will be of special interest to academics and research scholars in related fields.

Full Product Details

Author:   Duc K. Nguyen
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
ISBN:  

9781800880894

ISBN 10:   1800880898
Pages:   866
Publication Date:   14 October 2022
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Contents: Preface xxviii PART I FINANCIAL MARKETS, INSTITUTIONS AND MONEY 1 Booms, bubbles, blow-outs: exploring patterns in China's credit expansion 2 Ron McIver, Lei Xu and Shiao-Lan Chou 2 Mutual fund investing in the Chinese A-share market 32 Yeguang Chi and Xiao Qiao 3 Liquidity and ex-dividend behavior in emerging markets 51 Daniel Dupuis 4 Asset-based valuation: a modified discounted cash flow approach 70 Rafael Yanushevsky, Daniel Yanushevsky and Camilla Yanushevsky 5 Financial integration in Asia: some empirical evidence 83 An Thi Thuy Duong and Clemens Kool 6 Application of the neural F-Score in Latin American stock markets 104 Lidia Loban, Cristina Ortiz and Luis Vicente 7 Market-liquidity risk modeling and reinforcement machine learning algorithms under extreme market outlooks: applications to emerging markets 115 Mazin A.M. Al Janabi 8 The components of bid-ask spread on the Warsaw Stock Exchange 131 Pawel Milobedzki and Sabina Nowak PART II BANKING PROFITABILITY, EFFICIENCY AND STABILITY 9 Bank profitability in the euro area: the asymmetric effect of common supervision 153 Ioanna Avgeri, Yiannis Dendramis and Helen Louri 10 The journey of a thousand miles: a decade of the impact of foreign shareholders on the performance of Chinese commercial banks 176 Constantin Gurdgiev and Li Jiaqi 11 The determinants of commercial banks' profitability in the South-Eastern Europe region: a system GMM approach 200 Francesco Guidi 12 Determinants of commercial banks' performance in Mozambique 218 Antonio Samagaio, Pedro Verga Matos and Isidora Manjate 13 Impact of information and communication technology on banking efficiency: the Vietnamese experience 238 Thanh Ngo and Tu Le 14 Competition, efficiency and stability in Islamic and conventional banking systems: an emerging market perspective 254 Md. Nurul Kabir and Andrew C. Worthington 15 Central bank independence, macroprudential policies and financial stability in the Mauritian context 274 Manisha Chuttoor, Dinesh Ramdhony and Boopen Seetanah PART III TOWARDS FINANCIAL RESILIENCE AND SUSTAINABILITY 16 Sustainable investing in emerging markets 298 Andreas Gruener 17 ESG issues in emerging markets and the role of banks 321 Thankom Arun, Claudia Girardone and Stefano Piser. 18 Corporate social responsibility disclosure and cost efficiency of Islamic banks: evidence from GCC countries 345 Anas Mohammad Hussein Al-Jbour, Lei Xu, Damien Wallace and Guodong Yuan 19 Credit risk management and practices in Islamic and conventional banks: an emerging market perspective 366 Mahfod Aldoseri and Andrew C. Worthington 20 Stakes and challenges in the development of impact investing in emerging markets: the case of Asia 378 Emmanuelle Dubocage and Evelyne Rousselet 21 Consumer financial spinning and market stress factors in emerging markets 394 Olivier Mesly 22 Analyst coverage of emerging market IPOs and legal environment 419 Romain Boissin PART IV INNOVATIVE MODELS IN BANKING AND FINANCE 23 The role of BigTech in emerging markets 433 Silvio Andrae 24 The digital revolution in financial services: new business models and talent challenges 464 Sylvie St-Onge, Michel Magnan and Catherine Vincent 25 Ethics and trust on Fintech platforms from an emerging markets perspective 479 Oliver Vasquez and Leire San-Jose 26 Challenges and opportunities for crowdfunding in emerging markets: an ethical perspective 492 Johan Bouglet, Ghislaine Garmilis and Olivier Joffre 27 Rationalizing the Takaful organizational form with institutional theory 506 Maryam Alhalboni, Muhammed Shahid Ebrahim and Wahyu Jatmiko 28 Artificial intelligence in an emerging portfolio manager: the case of Evovest 523 Sylvie St-Onge, Catherine Vincent and Michel Magnan PART V EMERGING TRENDS 29 Emerging green finance hubs in Asia: regulatory initiatives for ESG investing and green bond development by the Four Tigers 539 Artie W. Ng 30 Enhancing sustainability reporting and greening the finance system: institutionalization and practices in China's banking sector 553 Shidi Dong, Lei Xu and Ron McIver 31 Cross-border banking in EMDEs: trends, scale, and policy implications 573 Erik Feyen, Norbert Fiess, Ata Can Bertay and Igor Zuccardi Huertas 32 The Swiss banking experience and lessons learned for emerging markets: the roles of digitalization and sustainability 597 Carlo Raimondo and Patrick Coggi 33 Financial development of CEE markets and the evolving role of foreign-owned multinational banks 619 Victoria Geyfman 34 Key rate pass-through to deposit rates: experience from the pandemic era 634 Henry Penikas 35 Inflation targeting and fiscal discipline in selected emerging economies 651 Milojko Arsic, Zorica Mladenovic and Aleksandra Nojkovic PART VI NEW PERSPECTIVES 36 The role of financial surveys for economic research and policy making in emerging markets 676 Sof.a Gallardo and Carlos Madeira 37 Emerging regions in the era of negative real interest rates: twenty years of convergence towards the US? 687 Max Gillman 38 The Indonesian banking sector during the COVID-19 pandemic 710 Sahminan Sahminan 39 Bank finance and alternative instruments in capital-intensive sectors: the case of global shipping 731 Theodore Syriopoulos 40 The Russian financial sector: opportunities in an unstable environment and sanctions 763 Vasily Tkachev, Vadim Grishchenko and Karl Summanen 41 Conflict, contention and cooperation in China's new model of financial intermediation monitoring 793 W. Travis Selmier II Index 811

Reviews

'Duc Khuong Nguyen offers a multifaceted collection of research on emerging markets that is a must-read for scholars and investors alike. It is one of the most comprehensive books on emerging markets finance and will impress the readers with its fresh perspectives.' -- Rose Liao, Rutgers University, US 'It was ample time this Handbook was made available to professional investors and financial actors in emerging markets. Congratulations to Duc Khuong Nguyen for gathering such an expert crowd to help us navigate the new emerging world: post global financial crisis, post Covid, post China and BRICS take off, but also aligned with the sustainable development goals and the climate agenda. This is the compass we needed to sail the ocean ahead of us!' -- Bertrand Badre, Blue like an Orange Sustainable Capital, France

'Duc Khuong Nguyen offers a multifaceted collection of research on emerging markets that is a must-read for scholars and investors alike. It is one of the most comprehensive books on emerging markets finance and will impress the readers with its fresh perspectives.' -- Rose Liao, Rutgers University, US 'It was ample time this Handbook was made available to professional investors and financial actors in emerging markets. Congratulations to Duc Khuong Nguyen for gathering such an expert crowd to help us navigate the new emerging world: Post global financial crisis, post Covid, post China and BRICS take off, but also aligned with the sustainable development goals and the climate agenda. This is the compass we needed to sail the ocean ahead of us!' -- Bertrand Badre, Blue like an Orange Sustainable Capital, France

Author Information

Edited by Duc Khuong Nguyen, Professor of Finance, IPAG Business School, France

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