behavior of macroeconomic fundamentals. Economic and probabilistic arguments are offered for such a relationship. Empirical … support is given by testing against normality and through investigating the tail shapes of the fundamentals' distributions …

behavior of macroeconomic fundamentals. Economic and probabilistic arguments are offered for such a relationship. Empirical … support is given by testing against normality and through investigating the tail shapes of the fundamentals' distributions …

theory, hybrid growth theory, and locational fundamentals theory), this paper uses the Chinese city size data from 1984 … in the long run, suggesting that locational fundamentals may have persistent impacts on city growth. …

, domestic macroeconomic fundamentals appear to be negligible drivers of government bond yield spreads for the same period. A … crises. Financial markets seemed to neglect the deterioration of macroeconomic fundamentals of the six European countries …

Standard present-value models suggest that exchange rates are driven by expected future fundamentals, implying that … exchange rates contain information about future fundamentals. We test this key empirical prediction of present-value models in … strong and significant predictive power for nominal fundamentals (inflation, money balances, nominal GDP), whereas …

crises may develop without significant change in economic fundamentals, since policies usually respond to changes in economy …

The purpose of this paper is to investigate the direct link between firm fundamentals and stock prices in a set of …-specific variations in stock returns and firm fundamentals in the context of a simple present value framework. We find that alternative … proxies of variation in firm fundamentals—albeit at differing degrees—explain a significant part of firm-specific return …

This paper examines the value relevance of accounting fundamentals in the Mexican Stock Market ([BMV] – Bolsa Mexicana … de Valores). The research question that motivated the paper was: Can accounting fundamentals provide relevant information …

ASEAN-5 should keep allowing their currency values of being determined by the economic fundamentals instead of interrupting …