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150128 ||| eng |
020 |
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|a 9781451851274
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100 |
1 |
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|a Mauro, Paolo
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245 |
0 |
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|a Stock Returns and Output Growth in Emerging and Advanced Economies
|c Paolo Mauro
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2000
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300 |
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|a 34 pages
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651 |
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4 |
|a United States
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653 |
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|a Institutional Investors
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653 |
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|a Stock exchanges
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653 |
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|a Stocks
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653 |
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|a Pension Funds
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653 |
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|a Finance
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653 |
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|a Market capitalization
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653 |
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|a Financial institutions
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653 |
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|a Financial Instruments
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653 |
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|a Production
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a Production; Economic theory
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653 |
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|a International Financial Markets
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653 |
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|a Macroeconomics: Production
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653 |
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|a Non-bank Financial Institutions
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653 |
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|a Financial markets
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653 |
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|a Emerging and frontier financial markets
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653 |
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|a Stock markets
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653 |
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|a Investments: Stocks
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Financial services industry
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653 |
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|a Macroeconomics
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653 |
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|a Investment & securities
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653 |
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|a Finance: General
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653 |
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|a Production growth
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041 |
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7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451851274.001
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856 |
4 |
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|u https://elibrary.imf.org/view/journals/001/2000/089/001.2000.issue-089-en.xml?cid=3571-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced economies. Asset prices therefore contain valuable information to forecast output also in emerging market economies. Moreover, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly related to a number of stock market characteristics, such as the number of listed domestic companies and initial public offerings and, especially, a high market capitalization to GDP ratio and English legal origin
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