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日前,北京大学深圳研究生院副院长、北京大学汇丰商学院院长王鹏飞教授的合作论文“Asset Bubbles and Foreign Interest Rate Shocks”(《 资产泡沫和外国利率冲击》)正式发表于SSCI期刊Review of Economic Dynamics (2022年第44卷,315-348页)。论文合作者为波士顿大学苗建军教授和复旦大学周晶博士。
The central insight of asset pricing is that a securityís value depends on both its distribution of payo§s across economic states and state prices. In Öxed income markets, many investors focus ex...
Asymmetries in Stock Returns: Statistical Tests and Economic Evaluation
stocks market asymmetries
2011/4/2
In this paper, we provide a model-free test for asymmetric correlations which suggest stocks tend to have greater correlations with the market when the market goes down than when it goes up.