Do Asset Prices in Transition Countries Contain Information About Future Economic Activity?

Do Asset Prices in Transition Countries Contain Information About Future Economic Activity?
There is ample empirical evidence for developed economies that asset prices contain information about future economic developments. But is this also the case in transition economies? Using a panel of monthly data for the Czech Republic, Hungary, Poland, Russia, Slovakia, and Slovenia for the period 1994-1999 it is shown that historical values... READ MORE...

Publication date: June 2000
ISBN 9781451852684
$15.00

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