Bericht
International comparison of stock market valuation: Evidence from a new index
This Kiel Policy Brief demonstrates the calculation of a new stock market index informing about the price competitiveness of a country's assets vis-à-vis its foreign competitors. In line with the portfolio balance approach we empirically identify net foreign holdings of a country's assets as the long-run driver of the index dynamics. Both, the index and its fundamental value are discussed for a number of important economies shading new light on the relative assessment of financial assets on international capital markets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Policy Brief ; No. 61
- Klassifikation
-
Wirtschaft
Foreign Exchange
International Financial Markets
Central Banks and Their Policies
- Thema
-
Real Effective Exchange Rate
Capital Flows
Financial Markets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Jochem, Axel
Reitz, Stefan
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 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
- Bericht
Beteiligte
- Jochem, Axel
- Reitz, Stefan
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2013
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