Abstract
This is a very nice and interesting paper which reviews and sets out the rationales for investing in emerging markets, the experiences with investing in emerging market equities over the last few years, and draws some lessons from the experience in December 1994 in Mexico. The issues raised by the authors are indeed the important ones, for investors as well as policy makers in emerging markets. At the same time, this is a difficult paper to comment on: one is more likely to disagree with the tone of its conclusions than with any of the issues raised or the analysis done.
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© 1998 Springer Science+Business Media Dordrecht
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Claessens, S. (1998). Comments on the paper ‘Rethinking emerging market equities’ by Roy C. Smith and Ingo Walter. In: Levich, R.M. (eds) Emerging Market Capital Flows. The New York University Salomon Center Series on Financial Markets and Institutions, vol 2. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6197-2_10
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DOI: https://doi.org/10.1007/978-1-4615-6197-2_10
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