Global Stock Markets Expected returns, consumption, and the business cycle
Stock investments have become increasingly international, but only recently a deeper theoretical understanding of the forces influencing global stock market returns has been gained from empirical studies. This is a crucial issue for asset managers in order to control the risks and exposures of globa...
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| Format: | eBook |
| Language: | English |
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Wiesbaden
Deutscher Universitätsverlag
2000, 2000
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| Edition: | 1st ed. 2000 |
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| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1 Introduction
- 2 Theory of asset pricing
- 3 Theory of international asset pricing
- 4 Time varying expected returns and the business cycle on international financial markets
- 5 Testing a conditional version of the consumption-based asset pricing model
- 6 Volatility bounds for stochastic discount factors on global financial markets
- 7 Mean reversion and rational pricing on global stock markets
- 8 On the contributions of this study