近年出现了一个不同的标签——前沿市场——用来描述流动性较低的新兴市场。
Defining EM country risks
定义新兴市场的国别风险
A country’s wealth is a good starting point for defining an emerging country. It bundlestogether many attributes, as per capita national income exhibits a strong, yet not perfect,correlation with other characteristics of interest to investors: institutional stability, rule oflaw, economic competitiveness, creditworthiness.
要定义一个新兴国家,该国的财富是不错的出发点,它集合了许多属性,因为人均国民收入表现出与投资者感兴趣的其他特征很强(尽管并非完美)的关联度:体制稳定、法治、经济竞争力和信誉。
We can thus start by thinking about emerging markets as a collection of asset classesaffected by developments in non-rich countries.
因此,我们可以先把新兴市场设想成受到不富裕国家发展影响的一个资产类别集合。
Viewed this way, the appeal and risks of emerging markets become clearer. The appeal isbased on a promise that economies of emerging countries can grow at higher rates than thoseof their developed counterparts. This promise is embedded in the very definition of anemerging country. A non-rich country is starting with a lower base and has more room tocatch up.
【新兴市场的新缩写】相关文章:
★ 聪明的熊猫
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15