All the share available in Poland are worth the same as Time Warner.

Scarce

Investors love the promise of high returns from emerging-market equities, but there are not many of them to buy. Especially if you exclude stakes held by governments, the market capitalisation of bourses beyond the rich world is tiny. Just how tiny is apparent from the map below: in many emerging markets, the value of all the freely traded shares of firms that feature in the local MSCI share index (which typically tracks 85% of local listings) is equivalent to a single Western firm. Thus all the shares available in India are worth roughly the same as Nestlé; Egypt’s are equal to Burger King. This suggests that emerging economies need deeper, more liquid markets-and investors need more perspective.

Link to Article

 

Infinity 2014 Conference – Call for Papers

INFINITI 2014 – SAVE THE DATE: 9-10 June 2014

The 12th INFINITI Conference on International Finance

by Trinity College Dublin & Monash University

9-10 June 2014 at Monash University Prato Centre, Prato, Italy

“Global Finance – Integration or Mere Convergence?”

 

Keynote Speakers:

Fabio Canova, European University Institute, Italy

Dirk Schoenmaker, Duisenberg School of Finance, The Netherlands

SEE THE CALL FOR PAPERS

American Economic Association Meeting 2014

American Economic Association Meeting 2014: Blogs, Papers & Sessions

written by Anastasia Sharova

January 13, 2014

Philadelphia_1

The annual American Economic Association Meeting is a well-known event bringing together some of the brightest minds in economics and probably counting as one of the largest gatherings of young academics in one place. Here at INOMICS we are delighted to have been a part of this annual gathering for the second year in a row, as besides attendance of exceptional academic sessions, it is also a rare opportunity to meet and greet our users and readers personally.

Traditionally, every year we post interesting materials from and about ASSA meetings. With the extreme weather conditions making attendance difficult this year for many, we hope that this collection of materials will prove even more popular!

So, what was happening at ASSA? Here is our list of blogs, papers and videos to check out:

1. A good overview of what was happening at ASSA 2014 was published on Economic Principals by David Warsh and in the post ASSA 2014 Highlights by Parag Waknis, Professor at the University of Massachusetts Dartmouth.

2. The Economist’s interpretation of the discussions in Philadelphia in This Time is Worse.

3. Jon Hinselrath gathered a more than curious collection of “papers with conclusions that were intriguing, offbeat, counterintuitive, head-scratching and sometimes downright kooky”.

4. Vox launched several new columns written by PhD Candidates about their Job Market Papers.

5. A humor session lead by Noah Smith is covered in his post Econotrolls of Academia The Science and Art of Economics.

6. On a humor note, check out a Bingo game for Job Market Candidates.

7. In Job Flexibility Seen as Key to Equal Pay Brenda Cronin presents suggestions how to narrow the gender gap by Harvard Professor Claudia Goldin.

8. Employment Outcomes for Economics PhDs since 1997 in a study conducted by Wendy Stock, Professor at Montana State University, and John Siegfried, Professor at Vanderbilt University.

9. A list of presented papers on behavioral economics, mostly with a preview available for download.

10. A summary of a session on research transparency held by the Berkeley Initiative for Transparency in the Social Sciences.

11. Five Takeaways from the American Economic Association Meeting on WSJ Blogs by Brenda Cronin can be a useful guide for those planning to attend future events.

12. Selected Webcasts of the ASSA 2014 are also available now online.

If you know more articles and materials to share, please do so in the comments!

Photo Credit: Peter Miller