International Financial Connection and Stock Return Comovement /

This paper studies whether bilateral international financial connection data help predict bilateral stock return comovement. It is shown that, when the United States is chosen as the benchmark, a larger U.S. portfolio investment asset position on the destination economy predicts a stronger stock ret...

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Detalhes bibliográficos
Autor principal: Ando, Sakai
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
coleção:IMF Working Papers; Working Paper ; No. 2019/181
Acesso em linha:Full text available on IMF