1 option
A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies / Willem H. Buiter, Ricardo Lago, Helene Rey.
- Format:
- Book
- Author/Creator:
- Buiter, Willem H.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5882.
- NBER working paper series no. w5882
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1997.
- Summary:
- This paper takes a systematic look at the portfolio choice problem faced by Investment Banks or Funds investing in transition economies. We relate the performance of projects in the transition economies to the broader macroeconomic and international environment, which affect the project through its input-output structure and its financial balance sheet. Among the macroeconomic determinants of enterprise behavior we consider are productivity growth, real wage growth, movements in the international terms of trade, shocks to the relative price of traded and non-traded goods, domestic and foreign interest rates, currency depreciation and the rate of inflation. We evaluate the attractiveness of alternative investment strategies and provisioning rules from the perspective of portfolio theory.
- Notes:
- Print version record
- January 1997.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.