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.
- Language
-
Englisch
- Bibliographic citation
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Series: Kiel Policy Brief ; No. 61
- Classification
-
Wirtschaft
Foreign Exchange
International Financial Markets
Central Banks and Their Policies
- Subject
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Real Effective Exchange Rate
Capital Flows
Financial Markets
- Event
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Geistige Schöpfung
- (who)
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Jochem, Axel
Reitz, Stefan
- Event
-
Veröffentlichung
- (who)
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Kiel Institute for the World Economy (IfW)
- (where)
-
Kiel
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Jochem, Axel
- Reitz, Stefan
- Kiel Institute for the World Economy (IfW)
Time of origin
- 2013
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