Estimating the country risk premium in emerging markets: the case of the Republic of Macedonia
Estimation of the cost of capital is difficult in developed markets and even more difficult in emerging markets. Investments in the emerging markets are more risky than in the developed markets but return is also higher. The key question here is whether the return on investments in emerging markets...
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| Format: | Article |
| Language: | English |
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Institute of Public Finance
2012-12-01
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| Series: | Financial Theory and Practice |
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| Online Access: | http://fintp.ijf.hr/upload/files/ftp/2012/4/naumoski.pdf |