Arbeitspapier
Exchange rate regimes, globalisation, and the cost of capital in emerging markets
This paper presents a multifactor asset pricing model for currency, bond, and stock returns for ten emerging markets to investigate the effect of the exchange rate regime on the cost of capital and the integration of emerging financial markets. Since there is evidence that a fixed exchange rate regime reduces the currency risk premia demanded by foreign investors, the tentative conclusion is that a fixed exchange rate regime system can help reduce the cost of capital in emerging markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Canada Working Paper ; No. 2007-29
- Klassifikation
-
Wirtschaft
International Finance: General
International Monetary Arrangements and Institutions
International Financial Markets
- Thema
-
Exchange rate regimes
Development economics
Wechselkurssystem
Aufstrebende Märkte
Capital Asset Pricing Model
Kapitalkosten
Finanzmarktkrise
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Diez de los Rios, Antonio
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Canada
- (wo)
-
Ottawa
- (wann)
-
2007
- DOI
-
doi:10.34989/swp-2007-29
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Diez de los Rios, Antonio
- Bank of Canada
Entstanden
- 2007
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