| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5882 |
| 来源ID | Working Paper 5882 |
| A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies | |
| Willem H. Buiter; Ricardo Lago; Helene Rey | |
| 发表日期 | 1997 |
| 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 behavior 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. |
| 主题 | Other ; Economic Systems ; Financial Economics ; Portfolio Selection and Asset Pricing |
| URL | https://www.nber.org/papers/w5882 |
| 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/563376 |
| 推荐引用方式 GB/T 7714 | Willem H. Buiter,Ricardo Lago,Helene Rey. A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5882.pdf（2106KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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