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|c 5.00 USD
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|z 9781451852684
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|a 1018-5941
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|a BD-DhAAL
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|a Sloek, Torsten.
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|a Do Asset Prices in Transition Countries Contain Information About Future Economic Activity? /
|c Torsten Sloek, Peter Christoffersen.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2000.
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|a 1 online resource (25 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a There is ample empirical evidence for developed economies that asset prices contain information about future economic developments. But is this also the case in transition economies? Using a panel of monthly data for the Czech Republic, Hungary, Poland, Russia, Slovakia, and Slovenia for the period 1994-1999 it is shown that historical values for interest rates, exchange rates, and stock prices signal future movements in real economic activity. This result has significant implications for policymakers, and a composite leading indicator based on the three asset prices is presented, which contains information about the future development of economic activity.
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|a Mode of access: Internet
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|a Christoffersen, Peter.
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|a IMF Working Papers; Working Paper ;
|v No. 2000/103
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2000/103/001.2000.issue-103-en.xml
|z IMF e-Library
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