Global integration and emerging stock market excess returns
نویسندگان
چکیده
منابع مشابه
Devaluations and Emerging Stock Market Returns
Stock returns over the two years surrounding 24 currency devaluations are examined. Using bootstrapped distributions, returns preceding the devaluation are shown to be significantly below normal, in both dollar and local currency terms. Most of the downturn, however, occurs well before the month of the devaluation. Returns following a devaluation are more normal. While industry and company spec...
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ژورنال
عنوان ژورنال: Macroeconomics and Finance in Emerging Market Economies
سال: 2013
ISSN: 1752-0843,1752-0851
DOI: 10.1080/17520843.2013.782885