| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1556 |
| DP1556 New Techniques to Extract Market Expectations from Financial Instruments | |
| Lars E.O. Svensson; Paul Söderlind | |
| 发表日期 | 1997-01-31 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | This paper takes a systematic look at the portfolio choice problem faced by investment banks or funds investing in transition economies. We relate the performance of projects in the transition economies to the broader macroeconomic and international environment, which affect the project through its input-output structure and its financial balance sheet. Among the macroeconomic determinants of enterprise behaviour we consider are productivity growth, real wage growth, movements in the international terms of trade, shocks to the relative price of traded and non-traded goods, domestic and foreign interest rates, currency depreciation and the rate of inflation. We evaluate the attractiveness of alternative investment strategies and provisioning rules from the perspective of portfolio theory. |
| 关键词 | Enterprise performance Portfolio choice Transition economies |
| URL | https://cepr.org/publications/dp1556 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530699 |
| 推荐引用方式 GB/T 7714 | Lars E.O. Svensson,Paul Söderlind. DP1556 New Techniques to Extract Market Expectations from Financial Instruments. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
