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Are Financial Assets Priced Locally or Globally?

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NBER2002-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8994
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资源简介:
We review the international finance literature to assess the extent to which international factors affect financial asset demands and prices. International asset pricing models with mean-variance investors predict that an asset's risk premium depends on its covariance with the world market portfolio
创建时间:
2002-06-01
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