Laura Wallenius


Current Organisation

Research Interest
Global economy in the past decades has been shaped by the development and growth of emerging economies. CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) is a fairly new acronym coined in 2009 by the Economist Intelligence Unit of the Economist Group to refer to six dynamic frontier markets that are considered new rising economies. This grouping is similar to the well-known BRIC, “Asian Tigers”, and BRICS. CIVETS, as well as other frontier economies have become of interest to the international investment community as a source for possible higher returns that may escape the well-known negative spillovers from one developed market to another. However, CIVETS as a group is fairly narrowly covered in academia. The aims of this study are to gain an in-depth understanding of the country grouping from economic and financial perspective as well as to find out whether it is justified to group these countries under the acronym CIVETS. The emphasis of the research will be on the following areas; socio-economic development, stock market integration through the analysis of effects of euro area macroeconomic announcements to CIVETS stock markets and country risk profiling. Methods used in the research vary from traditional financial econometrics models such as EGARCH to the application of more exploratory data analysis tools such as self-organizing map (SOM).

Publications
Surprise effect of Euro area macroeconomic announcements on CIVETS stock markets (2017)
A1 Journal article (refereed), original research
Wallenius Laura, Fedorova Elena, Ahmed Sheraz, et al.
Prague Economic Papers
The Impact of Euro Area Macroeconomic Announcements on CIVETS Stock Markets (2014)
A4 Conference proceedings
Fedorova Elena, Wallenius Laura, Collan Mikael
Procedia Economics and Finance
Proceedings of the Emerging Markets Queries in Finance and Business 2013 (EMQFB2013)




Last updated on 2017-22-03 at 13:30