In this paper the author formulates and tests an international intertemporal capital asset pricing model in the presence of deviations from purchasing power par

This paper provides new evidence on the pricing of exchange risk in global stock markets. We conduct empirical tests in a conditional setting with a multivariat

This paper empirically examines multifactor asset pricing models for the returns and expected returns on eighteen national equity markets. The factors are chose

Large fundamental imbalances persist in the global economy, with potential exchange rate implications. This paper assesses whether exchange rate risk is priced

The purpose of this text is to analyze the key financial markets and instruments that facilitate trade and investment activity on a global scale. It spans two k