Publication
May 2013
This brief demonstrates the calculation of a new stock market index which focuses on the price competitiveness of a country’s assets in relation to its foreign competitors. In line with the portfolio balance approach, the authors identify the net foreign holdings of a country’s assets as the long-run driver of changes in the index.
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English (PDF, 10 pages, 398 KB) |
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Author | Axel Jochem, Stefan Reitz |
Series | Kiel Institute Policy Briefs |
Issue | 61 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2013 The Kiel Institute for the World Economy |