The New Economy and Global Stock Returns /
This paper revisits the relative importance of global versus country-specific factors underlying stock returns. It constructs a new firm level data set covering emerging and developed markets and estimates a simple factor model, which breaks down stock returns into a global business cycle factor, gl...
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2000/216 |
| Accès en ligne: | Full text available on IMF |