1 Global versus Local Asset Pricing: A Speculation Based Test of Market Integration Imperial College London October 19, 2010 Harald Hau INSEAD .
Asset Pricing. Pricing Determining a fair value (price) for an investment is an important task. At the beginning of the semester, we dealt with the pricing.
General Meeting 7 10.19.2013 Announcements Portfolio Update Market Update Lecture: Asset Pricing Pitch- ALJ Important Dates Meeting Agenda.
Chapter 9 Asset Pricing. Chapter 9 Outline 2 9.1 The Efficient Frontier The role of risk The efficient frontier with risk- free borrowing and lending.
MACROECONOMIC IMPLICATIONS OF FINANCIAL CONSTRAINTS 2. Dual role of physical assets as input and collateral. 3. LAPM. 10th set of transparencies for ToCF.
An Alternative View of Risk and Return: The Arbitrage Pricing Theory Chapter 12 Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved.
