全球智库信息集成服务系统(G2TT): Relative Returns on Equities in Pacific Basin Countries

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w4655
来源ID	Working Paper 4655
	Relative Returns on Equities in Pacific Basin Countries
	Charles Engel; John H. Rogers
发表日期	1994-02-01
出版年	1994
语种	英语
摘要	We examine the factors that determine the differences in ex ante returns on equities in eleven Pacific Basin countries. Our concern is whether real return differentials are primarily caused by nominal return differentials or expected changes in real exchange rates. We find that nominal return differentials account for most of the difference, which suggests that either there is not free mobility of capital between the countries of our study or that there are significant differences in the riskiness of returns across countries. We do not find a significant relationship between the size of the return differentials and the flexibility of the nominal exchange rate.
主题	International Economics ; International Finance ; International Macroeconomics
URL	https://www.nber.org/papers/w4655
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/562041
推荐引用方式 GB/T 7714	Charles Engel,John H. Rogers. Relative Returns on Equities in Pacific Basin Countries. 1994.