A currency index global capital asset pricing model
描述并展示了一个包含全球市场组合和货币指数两个因子的国际资本资产定价模型，揭示了通过名义无风险利率差调整跨货币资产预期收益率的常见做法存在的问题。
The application of an international capital asset pricing relationship with two factors, the global market portfolio and a currency index, is described and illustrated. The model and illustration help demonstrate a problem with the common practice of adjusting an asset’s expected rate of return across currencies via nominal riskless interest rate differentials.