A Test of the International CAPM Using Business Cycles Indicators as Instrumental Variables
收藏NBER1994-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4657
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资源简介：
Previous work by Dumas and Solnik (1993) has shown that a CAPM which incorporates foreign-exchange risk premia (a so-called 'international CAPM') is better capable empirically of explaining the structure of worldwide rates of return than does the classic CAPM. In the specification of that test,
提供机构：
美国国家经济研究局
创建时间：
1994-02-01
