Catálogo de publicaciones - tesis
Título de Acceso Abierto
Dynamic gains of Including emerging markets assets in an international diversified portfolios
Andrés Orlandi Ricardo Néstor Bebczuk
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Resumen/Descripción – provisto por el repositorio digital
Using a utility based measure and under a conditional mean-variance framework this paper analyzes the economic value of diversifying into emerging market. Depending on risk tolerance characteristics, the value of diversifying into emerging equity markets is estimated to be between 100 and 300 annual basis points, even after imposing realistic constrains that investors face in these markets. Importantly, the methodology used in this paper allows studying how changes in the national and international environment affects this measure. The analysis indicate that while emerging market crises seem to reduce these economic gains, when US economy is in a recession, investing in emerging equity markets still help improving the portfolio performance. At the same time, although in the early nineties a capital market liberalization process took place, the gains of investing in emerging equities remain economically significant, with a growing trend from 2001 on.Palabras clave – provistas por el repositorio digital
Ciencias Económicas; Inversión; Economía; Empresas
Disponibilidad
| Institución detectada | Año de publicación | Navegá | Descargá | Solicitá |
|---|---|---|---|---|
| No requiere | 2003 | SEDICI: Repositorio Institucional de la UNLP (SNRD) |
|
Información
Tipo de recurso:
tesis
Idiomas de la publicación
- inglés
País de edición
Argentina
Fecha de publicación
2003
Información sobre licencias CC
