Bosi, Stefano; Fontaine, Patrice; Van, Cuong Le - Development and Policies Research Center (Depocen) - 2013
The international asset pricing models are mostly developed in the case of parity failure (investors of di?erent countries do not agree on the expected returns on securities). In this case, an equilibrium in the international asset markets may exist, but not in the international good markets. In...
