Dynamic Models and their Applications in Emerging Markets

SIMA MOTAMEN-SAMADIAN is a Principal Lecturer and the Director of the Centre for the Study of Emerging Markets (CSEM) at the Westminster Business School. She obtained her MA and PhD in Economics from Essex University, and worked at the Tehran University, City University Business School, and Portsmouth University. She has co-edited International Debt and Central Banking in the 1980s with Z. Rez and Emerging Markets: Past and Present Experiences, andFuture Prospects with C. Garido.

• List of Figures and Tables Preface Acknowledgements Notes on the Contributors Introduction; S.Motamen-Samadian Continuous Time Dynamic Modelling of Interest Rates in Emerging Markets; B.Nowman & K.Shubber Excess Credit Risk and Banks' Default Risk: An Application of Default Predictions Models to Banks from Emerging Market Economies; C.Godlewski Modelling Long Memory and Risk Premia in Latin American Sovereign Bond Markets; A.Mendoza Econometric Modelling of the Euro Using Two Factor Continuous Time Dynamic Interest Rate Models; B.Nowman & H.Thapar Inflation Targeting in Emerging Economies: A Comparative Sacrifice Ratio Analysis; R.Muñoz Torres External Debt Dynamics and Growth: A Neo Keynesian Perspective; E.Jovero