PT - JOURNAL ARTICLE AU - Michael J. Howell TI - Macro-Investment Risks in Emerging and Frontier Markets AID - 10.3905/joi.2015.24.1.109 DP - 2015 Feb 28 TA - The Journal of Investing PG - 109--123 VI - 24 IP - 1 4099 - https://pm-research.com/content/24/1/109.short 4100 - https://pm-research.com/content/24/1/109.full AB - In this article, we examine forward-looking investment risks in nascent financial markets, using macroeconomic data on credit and capital flows. We focus on the recent deterioration in frontier and, particularly, emerging market risk measures. We attribute this to adverse developments in the Chinese economy, which, we conclude, is adding to systemic risk.TOPICS: Risk management, frontier