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Global Asset Pricing

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NBER2011-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w17261
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Financial markets have become increasingly global in recent decades, yet the pricing of internationally traded assets continues to depend strongly upon local risk factors, leading to several observations that are difficult to explain with standard frameworks. Equity returns depend upon both domestic

近数十年来,金融市场的全球化程度不断加深,但跨境交易资产的定价仍高度依赖本地风险因子(local risk factors),由此催生了诸多难以通过标准框架(standard frameworks)解释的观测现象。股票收益(Equity returns)同时受国内
创建时间:
2011-07-01
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