The term structure of country risk and valuation in emerging markets
Most practitioners add the country risk to the discount rate when valuing projects in Emerging Markets. In addition to the problems already pointed out in the literature, in this paper we claim that such practice leads to a pro-cyclical bias in the valuation of long-term projects. The mismatch betwe...
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| Autores principales: | Cruces, Juan José, Buscaglia, Marcos, Alonso, Joaquín |
|---|---|
| Formato: | Objeto de conferencia |
| Lenguaje: | Inglés |
| Publicado: |
2002
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| Materias: | |
| Acceso en línea: | http://sedici.unlp.edu.ar/handle/10915/3784 http://www.depeco.econo.unlp.edu.ar/jemi/2002/trabajo4.pdf |
| Aporte de: |
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