The Behavior of Emerging Market Returns

Text

* The Behavior of Emerging Market Returns

Tables

* A Comparison of IFC and MSCI Emerging Market Global Indices
* Market Weights in the IFC Indices
* Summary Statistics: Through March 1996
* Summary Statistics for Country Attributes
* Country Risk in Portfolio Strategies
* Estimated Transactions Costs in Emerging Markets

Graphs

* Graphs of Political Risk, Economic Risk and Financial Risk for 117 countries
* Mean returns
* Volatility
* Skewness
* Kurtosis
* Correlation
* Average Return vs. Beta
* Average Returns vs. Volatility
* ICRGC and Return Moments
* Trade/GDP and Return Moments
* Price/Book and Return Moments
* Comparison of MSCI and IFC Returns
* Normality Tests
* Performance of Country Risk Attributes in Portfolio Strategies

Appendices

* Comparison of country rating services



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