Category

share

Convergence of Capital Markets and International Portfolio Choice

Convergence of Capital Markets and International Portfolio Choice

 

Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 
₹ 3,651

Availability: Out of stock

 

Delivery :

5% Cashback on all Orders paid using MobiKwik Wallet T&C

Free Krispy Kreme Voucher on all Orders paid using UltraCash Wallet T&C
Product Out of Stock Subscription

(Notify me when this product is back in stock)

  • Product Description
 

This book examines advantages and disadvantages of national and international investments regarding the convergence of the capital markets and their correlation. The analysis focuses on diversification benefits of investig across countries versus investing across industry sectors. It provides an interpretation of the Markowitz''s Mean-Variance analysis. It shows the contribution of the exchange rate risk to the total risk of stock indices portfolio using monthly returns for the last 15 years. It undertakes a correlation analysis among different country and industry indices. The examination of different market situations such as bear and bull markets confirms instability of the correlation coefficients and exhibits their undesirable properties under these special market conditions. It provides an analytical and geometrical interpretation of the traditional spanning tests (likelihood ratio, Wald and Langrange multiplier) as well as the alternative for the traditional tests: step down procedure. The empirical results suggest that adding of the country indices to the portfolio of the investor leads to better portfolio performance than the adding of the industry indices.

Product Specifications
SKU :COC12902
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-22
0 Review(s)