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The relationship between stock returns and inflation: new evidence from wavelet analysis

โœ Scribed by Sangbae Kim; Francis In


Book ID
116641551
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
183 KB
Volume
12
Category
Article
ISSN
0927-5398

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The risk-return relationship is one of the fundamental concepts in finance that is most important to investors and portfolio managers. Finance theory argues that the beta or systematic risk is the only relevant risk measure for investors. However, many studies have showed that betas and returns are