Comprendre les effets de la crise asiatique sur les marches financiers avec un modele de choix de portefeuille international

P. Artus

Working Papers from Caisse des Depots et Consignations - Cahiers de recherche

Abstract: We show that using an international portfolio choice model, with assumptions corresponding to the present situation, permits to explain the increase in stock prices and the changes in exchange rates observed after the Asian crises. The assumptions concern the structure of the supply of the different financial assets, and the correlation and variabilities of the returns on those assets.

Keywords: ASIE; MARCHE FINANCIER (search for similar items in EconPapers)
JEL-codes: F21 G11 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:fth:cadeco:1998-23/ei

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