ABSTRACT: In this paper, we adopt the CSI 300 index futures to discuss the Samuelson effect and dissect the hedging results under both time varying volatility and futures maturities. We propose the ...

This article introduces the data of the log real GDP per capita ratio and the log real exchange rate which are used to revisit the Balassa-Samuelson Hypothesis. We acquired the data from IMF and World ...

Abstract: It is a remarkable topic at all times whether the Balassa-Samuelson hypothesis, hold for real exchange rate in transition countries, but it doesn't become the focus in China until recently ...

Our eLibrary offers over 25,000 IMF publications in multiple formats. This paper emphasizes the importance of total factor productivity (TFP) developments in the nontradables sector to quantitatively ...

This column explains why investment practice diverges from his theory. Let’s begin with Samuelson’s logic. His assertion is founded on the mathematical truth that while the annualized rate of return ...

ABSTRACT: This paper utilizes the automatic variance ratio test and Belaire-Franch and Contreras (2004) rank-based tests to examine the adaptive market hypothesis in Indian exchange rates relative to ...

Article Page URL has been copied to clipboard for sharing. Last week's "How time horizon impacts the odds of equity investing" mentioned that while stocks are widely regarded as prudent for long-term ...