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New book by Andrew Karolyi, Cornell Professor of Finance, ranks emerging markets by risk to investors

Cornell Chronicle By Jon Craig

In his new book, “Cracking the Emerging Markets Enigma,” Andrew Karolyi, Cornell professor of finance, takes a first-of-its-kind look at the fundamental risks associated in investing in what are called “emerging” foreign markets. Karolyi has been studying the publicly available data of interest to the asset management industry for decades and teaching a related course for seven years. His book – just published by Oxford University Press – should interest retail investors as well. The Samuel Curtis Johnson Graduate School of Management professor took his work a step further by devising a scoring system that ranks countries on each dimension of risk.

Daniel Selva, Assistant Professor of Mechanical & Aerospace Engineering, takes a modern look at system archictecture

Cornell Chronicle By Anne Ju
A new book co-authored by Cornell systems engineer Daniel Selva offers a modern take on the science behind complex systems – from the architecture of a power grid to a mobile payment system or a constellation of satellites. Selva, assistant professor of mechanical and aerospace engineering, authored “System Architecture: Strategy and Product Development for Complex Systems” with Edward Crawley and Bruce Cameron, both of Massachusetts Institute of Technology, where Selva got his doctorate. The culmination of more than 20 years of research and teaching at both MIT and Cornell, the book explores system architecture as the study of early decision-making in complex systems.