December 2013
Intermediate to advanced
928 pages
28h 50m
English
Michael Donadelli, Department of Economics and Finance, LUISS Guido Carli, Rome, Italy, Center of Excellence SAFE, Goethe, University Frankfurt, Germany, E-mail: mdonadelli@luiss.it
This chapter studies the behavior of international (i.e., emerging and advanced) stock market excess returns, both at the country and sector level, in a dynamic and globally integrated context. A preliminary analysis confirms that emerging stock markets have compensated international investors with generous excess returns and tend to be highly unstable. In addition, the correlation between international stock market excess returns is increasing ...
Read now
Unlock full access