intertemporal budget constraint and has predictive power for exchange rates. We find that our conditional consumption-CAPM is able …

CAPM has come a long way, has passed the time-test, and is fast coming out as a winner despite the onslaught of both …, APT and multi-factor CAPM. The bottom line is that CAPM is needed, dead or alive. If so, it does not mean that CAPM stays … as, “CAPM." Downside risk in recent times has caught the eyes of researchers. Downside-beta CAPM (DCAPM) based on …

theoretical assumptions. Since its inception, CAPM has been questioned due to some of its unrealistic theoretical assumption or … and even presenting alternative models too. But, it is also true that despite of its various weaknesses, still CAPM could … not be totally abandoned as useless. Finance still need CAPM, dead or alive …

. Since an accurate critique of new theory/practice depends on a thorough grasp of traditional theory, we provide a basic … “refresher course” in the foundational definitions and concepts underlying modern portfolio theory and statistics that pertain to …

discussing various related aspects of capital market theory. . . . . Much of the discussion is convoluted and, alas, much … misstates fundamental concepts and theory. There appear to be as many opinions regarding every aspect of modern portfolio theory … review of the theory and calculations underlying several key propositions in finance that are fundamental to the ongoing …

intertemporal budget constraint and has predictive power for exchange rates. We find that our conditional consumption-CAPM is able …