| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Privatization, International Asset Trade and Financial Markets |
| Guillaume Girmens
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| 发表日期 | 2002
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| 出处 | Economy and Society
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| 出版年 | 2002
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| 语种 | 英语
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| 摘要 | This paper evaluates the impact of privatization on the development of capital markets in a two-country general equilibrium model. We draw particular attention to two divestment techniques, share issue privatizations (in developed market systems) and voucher privatizations (in transition economies). It is shown how these two privatization methods can have an impact, by diversification effects, on supplies of private assets, demands for assets, market capitalizations and international asset allocation strategies. We show that even a non-marketed privatization (free distribution of public assets to private individuals) has market-effects, by altering portfolio choices. |
| 特色分类 | F3,G1,L33
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| 关键词 | Financial integration,international risk-sharing,share issue privatization,stock market development,voucher privatization
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/privatization-international-asset-trade-and-financial-markets/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116826
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推荐引用方式
GB/T 7714 |
Guillaume Girmens. Privatization, International Asset Trade and Financial Markets. 2002.
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