Taxation and International Capital Asset Pricing Theory

Integrating international taxation into the International Capital Asset Pricing Model

Autori

• Riad Nourallah

Parametri

Pagine

252pagine

Tempo di lettura

9ore

• Economia e affari

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Focusing on the integration of exchange gains taxation, this dissertation advances the theory of pricing international assets by enhancing the Tax - International Capital Asset Pricing Model (IntCAPM). It reveals that incorporating exchange gains tax factors creates a new international pricing relationship that connects excess returns of risky assets with their world risk premium. Additionally, it addresses the non-linear behavior of exchange rates and the influence of monetary policy on inflation, ultimately linking market equilibrium exchange rates and inflation into the Tax - IntCAPM framework.

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Lingua: Inglese

Pubblicato: 2011

(In brossura)