Portfolio Allocation in Transition Economies (original) (raw)
2000, SSRN Electronic Journal
Ghvljqlqj dq lqyhvwphqw vwudwhj| lq wudqvlwlrq hfrqrplhv lv d gl!fxow wdvn ehfdxvh vwrfn0pdunhwv rshqhg wkurxjk wlph/ wlph vhulhv duh vkruw/ dqg wkhuh lv olwwoh jxlgdqfh krz wr rewdlq h{shfwhg uhwxuqv dqg fryduldqfh pdwulfhv qhfhvvdu| iru phdq0yduldqfh sruwirolr doorfdwlrq1 Dovr/ vwuxfwxudo euhdnv duh olnho| wr rffxu1 Zh ghyhors dq dg0krf lqyhvwphqw vwudwhj| zlwk d dyru ri Ed|hvldq ohduqlqj1 Dq revhuydwlrq lv wkdw riwhq dq h{wuhph hyhqw zloo khudog d qhz vwdwh ri wkh hfrqrp|1 Zh xvh wklv revhuydwlrq wr uh0lqlwldol}h ohduqlqj zkhq xqolnho| uhwxuqv pdwhuldol}h1 E| xvlqj d Fruqhoo ehqfkpdun/ zh duh deoh wr vkrz wkh xvhixoqhvv ri rxu vwudwhj| iru fhuwdlq w|shv ri uh0lqlwldol}dwlrqv1 Nh|zrugv= Phdq0yduldqfh doorfdwlrq1 MHO fodvvlfdwlrq= I63/ J44/ F44/ F651 Hulf Mrqghdx lv iurp wkh Edqtxh gh Iudqfh dqg HUXGLWH/ Xqlyhuvlwì Sdulv [LL Ydo gh Pduqh> Plfkdho Urfnlqjhu lv iurp wkh KHF0Vfkrro ri Pdqdjhphqw dqg vflhqwlf frqvxowdqw dw wkh Edqtxh gh Iudqfh1 Sohdvh iruzdug frpphqwv wr wkh vhfrqg dxwkru dw Ghsduwphqw ri Ilqdqfh/ :;684 Mrx|0hq0Mrvdv/ Iudqfh/ urfnlqjhuCkhf1iu1 Wkh vhfrqg dxwkru dfnqrzohgjhv khos iurp wkh KHF Irxqgdwlrq dqg wkh Hxurshdq Frp0 pxqlw| WPU Judqw= Ilqdqfldo Pdunhw H!flhqf| dqg Hfrqrplf H!flhqf|1 Zh duh judwhixo wr Vdqyl Dyrx|l0 Gryl/ Euxqr Vroqln/ dqg Fkulvwldq Svwhu iru suhflrxv frpphqwv1 Wkh xvxdo glvfodlphu dssolhv1 Wkh Edqtxh gh Iudqfh grhv qrw qhfhvvdulo| hqgruvh wkh ylhzv h{suhvvhg lq wklv sdshu1
Loading Preview
Sorry, preview is currently unavailable. You can download the paper by clicking the button above.