Essays on Interaction Among Asset Returns and Diversification Benefits
- Author(s): Kumar, Rama Shankar
- Advisor(s): Chauvet, Marcelle
- et al.
The recent financial crisis associated with the collapse of the US housing market led to a drastic decline in the stock market and in securitized real estate indices. On the other hand, the price of US Treasury bonds moved up for a short span of time. These essays investigate the links and trade-offs among several assets such as stocks, bonds, securitized and residential real estate, gold, oil, emerging nations' stocks etc.