Research in Emerging Markets Finance: Looking to the Future

Much has been learned about emerging markets finance over the past 20 years. These markets have attracted a unique interdisciplinary interest that bridges both investment and corporate finance with international economics, development economics, law, demographics and political science. Our paper focuses on the research areas that are ripe for exploration. We provide new evidence on how emerging market returns, volatility, betas, correlations, skewness and kurtosis have changed as these markets become more financially open.