Managing Systematic Risk in Emerging Markets

Gokhan Ugan

Istanbul Stock Exchange Review, 1997, vol. 1, issue 2, 41-55

Abstract: This article examines the adaptability of stock index futures into emerging markets as a systematic risk management tool. First, to determine which level of risk emerging markets have, a risk-return analysis was conducted. As a result of this analysis, emerging markets appeared to be riskier than mature markets. Then, this high risk factor was tried to explain by comparing market structure and some financial and economic indicators between emerging and mature markets. Earlier experiences show that stock index futures have some complications at the stage of introduction. Thus, some important measures that emerging markets must take are suggested at the end of this article.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:1:y:1997:i:2:p:41-55

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