Institutionalizing Countercyclical Investment : A Framework for Long-term Asset Owners /

Do portfolio shifts by the world's largest asset owners respond procyclically to past returns, or countercyclically to valuations? And if countercyclical investment (with both market-stabilizing and return-generating properties) is a public and private good, how might asset owners be empowered...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Jones, Bradley
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2016.
سلاسل:IMF Working Papers; Working Paper ; No. 2016/038
الوصول للمادة أونلاين:Full text available on IMF