Geopolitical Risk, Sustainability and ¿Cross-Border Spillovers¿ in Emerging Markets, Volume I

Michael I. C. Nwogugu is an author, serial entrepreneur and consultant who has held senior management, Board of Director and Advisory Board Member positions in companies in the U.S., Barbados, France, India and Nigeria. Mr. Nwogugu has written eight books: Risk In the Global Real Estate Market (2012); Illegal File-sharing Networks, Digital Goods Pricing And Decision Analysis (2016); Anomalies In Net Present Value, Returns And Polynomials; And Regret Theory In Decision-Making (2017); Indices, Index Funds And ETFs - Exploring HCI, Nonlinear Risk And Homomorphisms (2019); Complex Systems, Multi-Sided Incentives And Risk Perception In Organizations (2019); Earnings Management, Fintech-Driven Incentives and Sustainable Growth: On Complex Systems, Legal and Mechanism Design Factors (2020) and Complex Systems and Sustainability in the Global Auditing, Consulting, and Credit Rating Agency Industries (2021). Mr. Nwogugu's research articles have been cited in more than 20 top science journals. Mr. Nwogugu earned degrees from the University of Nigeria (Nigeria); City College of New York (USA); and Columbia University's Graduate Business School (USA).

Economic recessions, social networks, environmental damage in several large countries (eg. China, Brazil, U.S.), the Global Financial Crisis of 2007-2015 and cross-border spillovers continue to significantly affect economic systems, financial markets, social structures and environmental compliance worldwide. These have rekindled economists' and policy-makers' interest in the relationships among constitutions, risk regulation, foreign aid, political systems, government size, credit expansion and sustainable growth. Risk regulation remains highly ineffective as manifested by the failures of new financial regulations and government stimulus programs that were implemented during 2007-2020 in many developed countries and emerging markets countries.
This book, the first of two volumes, addresses these issues in the context of the role of constitutional economics and economic psychology as tools for national and global sustainable growth and risk management. Furthermore, this volume analyzes the often symbiotic relationship between alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents on one hand, and sustainable growth, financial regulation and the risk management of financial institutions on the other; and reviews the effects of constitutions and legal institutions on market dynamics (real estate; fixed-income, stocks; etc.) including volatility, market depth and liquidity. This book will help researchers develop better artificial intelligence and decision-systems models of geopolitical risk, public policy and international capital flows, all of which are increasingly relevant to investment managers, boards-of-directors and government officials.

Explains how constitutions can affect political processes, the efficiency of foreign aid and FDI, risk regulation, market-volatility, bubbles and crashes, labor dynamics, innovation and sustainable growthIntroduces new risk-based tests for constitutionality of financial mechanisms, statutes and innovation mechanismsAnalyzes the unconstitutionality of, and weaknesses inherent in, real estate market mechanisms, and possible impact on sustainable growthIntroduces models of optimal voting and addresses the "re-districting controversy" in politicsFocuses on cross-border spillovers (in financial, Labor and Commodities markets) that are affected by, or affect constitutional economics, labor and economic psychology issuesExplains the economic and sustainability consequences of federalism, and political influences on pension funds and sovereign wealth funds

Chapter 1. Introduction
Chapter 2. Cross-Border Spillover Modeling, Concepts of "Geopolitical Risk" and "Transition Economies", and the 2010-2020 Financial Stability Recommendations by the IMF, G20/G30 and the EU.
Chapter 3. Some Constitutional Law, Competition Law & Economic Psychology Issues Inherent In Some Real Estate Market Mechanisms.
Chapter 4. Constitutionality Of Real Estate Taxes And Corporate Location-Incentives, And Some Associated Economic Psychology And Complex Systems Effects.
Chapter 5. Optimal-Voting And Voting-Districts; and Relationships between Constitutions and the Size Of Government.
Chapter 6. Constitutional Political Economy Dimensions Of Sovereign Debt Policy, Foreign Aid And The Politicization of Pension Funds And Sovereign Wealth Funds.