Abstract
This article analyzes Lima's Stock Exchange through 33 securities in the 1980-1990 periods, using the Capital Asset Pricing model. It arrives to the following conclusions: a few securities were liquid assets; not always stock exchange was an attractive alternative; the dollar was one of the best securities; and, all efficient portfolios included low risk deposits, even if these offered a negative real return.
Translated title of the contribution | The Lima stock exchange, 1980-1990: and analysis of liquidity, profitability and risk |
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Original language | Spanish |
Pages (from-to) | 67-87 |
Journal | Apuntes |
Issue number | 29 |
DOIs | |
State | Published - Jul 1991 |
Keywords
- Bolsa
- Liquidez
- Mercado financiero
- Perú
- Rentabilidad
- Riesgo