Institutionalizing Countercyclical Investment : A Framework for Long-term Asset Owners /
Do portfolio shifts by the world's largest asset owners respond procyclically to past returns, or countercyclically to valuations? And if countercyclical investment (with both market-stabilizing and return-generating properties) is a public and private good, how might asset owners be empowered...
| Автор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 2016/038 |
| Онлайн доступ: | Full text available on IMF |