Spierdijk, Laura; Umar, Zaghum - In: Journal of International Money and Finance 47 (2014) C, pp. 217-238
We estimate the myopic (single-period) and intertemporal hedging (long-run) demand for stocks in 20 growth-leading emerging market economies during the 1999–2012 period. We consider two types of investors: a domestic investor who invests in emerging-market assets only (with returns in local...