Essays on emerging financial markets

Andrei A Kirilenko, University of Pennsylvania


The objective of this dissertation is to examine the development of emerging financial markets. The dissertation consists of three essays. The first essay is a theoretical analysis of different trading arrangements in emerging markets. The second essay is an empirical investigation of the Russian foreign exchange market at its high in 1993-1994. Finally, the third essay is a set of actual directions on setting up efficient capital markets in an emerging economy given the economic theory, empirical evidence, and feasible choices.

Subject Area


Recommended Citation

Kirilenko, Andrei A, "Essays on emerging financial markets" (1996). Dissertations available from ProQuest. AAI9627945.