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041 _afre
042 _adc
100 1 0 _aArouri, Mohamed El Hédi
_eauthor
245 0 0 _aRisk Premium in an International Framework: Is the Exchange Rate Risk Priced?
260 _c2006.
500 _a9
520 _aIn this article, we investigate whether exchange rate risk is priced. We use a multivariate GARCH-in-Mean specification and test alternative conditional international CAPM versions. Our results support strongly the international asset-pricing model that includes exchange rate risk for both developed and emerging stock markets. However, there are important time and cross-country variations in the relative size and dynamics of different risk premia.
786 0 _nFinance | 27 | 1 | 2006-06-01 | p. 131-170 | 0752-6180
856 4 1 _uhttps://shs.cairn.info/journal-finance-2006-1-page-131?lang=en
999 _c166604
_d166604