If you are an investor with a different tax profile, paying either no or low taxes, you will be able to capture some of the returndifferential.
如果您是具有不同税务简档的投资者,支付无税或低税率,您将能够捕捉一些回报差异。
2
Our empirical results from historical data of 19 countries in 25 years (1975-2000) show that the returndifferential of equity market has good prediction power for currency crises.