Peltonen, Tuomo; Sousa, Ricardo M.; Vansteenkiste, Isabel - 2009
called stock market wealth e�ect.
There is a large body of literature that studies the e�ect of asset price �uctuations on … impact of asset price �uctuations in
emerging markets may, however, be important as these economies are becoming a key engine …
macroeconomic impact of domestic asset price movements.
Measuring wealth e�ects for emerging markets is, therefore, of major …