|
|
Article: New facts in finance.
- Article from:
- Economic Perspectives
- Article date:
- September 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 Federal Reserve Bank of Chicago. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Introduction and summary
The last 15 years have seen a revolution in the way financial economists understand the investment world. We once thought that stock and bond returns were essentially unpredictable. Now we recognize that stock and bond returns have a substantial predictable component at long horizons. We once thought that the capital asset pricing model (CAPM) provided a good description of why average returns on some stocks, portfolios, funds, or strategies were higher than others. Now we recognize that the average returns of many investment opportunities cannot be explained by the CAPM, and "multifactor models" are used in its place. We once thought ...
Related newspaper, magazine, and journal articles:
|
|
Article: WISCO to issue short-term bonds worth USD 619.58 ...
China Business News;
September 21, 2005 ;
700+ words
...WISCO to issue short-term bonds worth USD 619.58 mln Shanghai ... in China allowed to issue short-term bonds, which would be a model for domestic ... owned enterprises have issued short-term bonds this year, including Chalco, China ...
|
|