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.