Similar Search Results

U.S. Coins Market : Historical Performance and Anomalies

Maslar, David A. - 2020

In this paper, we document the historical performance of collectable coins from 1967 to 2015. Collectable coins have a 9.7% annualized nominal return and a 5.5% real return over this period. We show collectable coins provide large diversification benefits based on their Sharpe ratios and are...

Persistent link: https://www.econbiz.de/10012846611

Why does fast loan growth predict poor performance for banks?

Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - 2016

From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. The benchmark-adjusted cumulative difference in...

Persistent link: https://www.econbiz.de/10011516043

Hou, Kewei; Mo, Haitao; Xue, Chen; Zhang, Lu - 2018

In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...

Persistent link: https://www.econbiz.de/10011969143

The rate of return on everything, 1870-2015

Jordà, Òscar; Knoll, Katharina; Kuvshinov, Dmitry; … - 2018

This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...

Persistent link: https://www.econbiz.de/10011794864

A Chinese Slowdown and the Nominal Term Structures of the US and German Interest Rates

Maletic, Matjaz - 2018

To measure the global spillovers of a Chinese slowdown on the long-term nominal interest rates in the US/Germany, I model the US/German nominal term structure jointly in the post financial crisis (FC) sample, including the Chinese leading indicator as a new factor. I use an affine term structure...

Persistent link: https://www.econbiz.de/10012913804

The Predictable Behavior of Security Returns : A Comparative Study Between US and China Markets

Luo, Yue - 2019

between US market and China market. The findings suggest that the significant strong predictability Jegadeesh (1990) finds … comparison shows that the security return predictability in China market is even stronger than that in US market in recent period …

Persistent link: https://www.econbiz.de/10012891713

How Do Stock Markets in China and Japan Respond to Economic Policy Uncertainty in the United States?

Sum, Vichet - 2012

This study examines the response of stock markets in China and Japan to the changes in economic policy uncertainty in …, the link is not significant for the case of China …

Persistent link: https://www.econbiz.de/10013104582

Chinese Exports and U.S. Import Prices

Mandel, Benjamin R. - 2013

This paper develops a technique to decompose price distributions into contributions from markups and marginal cost. The estimators are then used as a laboratory to measure the relationship between increasing Chinese competition and the components of U.S. import prices. The estimates suggest that...

Persistent link: https://www.econbiz.de/10013088895

Influence of ADB Bond Issues and US Bonds on Asian Government Bonds

Inoguchi, Masahiro - 2014

This article examines whether there is a correlation between the government bond markets of Asian countries and those of the USA, and whether the efforts of international organizations to improve bond markets have had any effect in East Asia. Because the sizes of the government bond markets are...

Persistent link: https://www.econbiz.de/10013060911

Is U.S. Economic Policy Uncertainty Priced in China's A-Shares Market? Evidence from Market, Industry, and Individual Stocks

Zhijun, Hu - 2018

China's A-shares from market, industry, and individual stock perspectives. Generally, after controlling business conditions … in China, we find the shock in U.S. EPU significantly and negatively explains returns of China's A-shares with a lag. In … big and value stocks. Furthermore, we find firms in manufacturing, information technology, and media industries in China …

Persistent link: https://www.econbiz.de/10012928257