The last three decades brought mounting evidence regarding the cross-sectional
predictability of country equity returns. The studies not only documented country-level …

This chapter begins with consideration of cross‐asset class momentum between equities
and fixed income. The contingent‐claims framework of Merton provides a clear theoretical …

This chapter aims to provide a comprehensive review of the current literature on the cross-
section of country equity returns. It focuses on three particular aspects of the asset pricing …