The equity premium is a well-known and well-explored artifact of financial economics. However, relatively poor equity performance over the last decade leaves many investors questioning the persistence of the equity premium into the future. The lack of a relatively simple forward-looking equity...

This paper provides a global asset pricing perspective on the debate over the relation between predetermined attributes of common stocks, such as ratios of price-to-book-value, cash-flow, earnings, and other variables to the future returns. Some argue that such variables may be used to find...

This paper addresses the relationship between stock markets and credit default swaps (CDS) markets. In particular, I aim to gauge if the co-movement between stock prices and sovereign CDS spreads increases with the deterioration of the credit quality of sovereign debt. The analysis of...