---
title: Identifying proxies for risk-free assets: Evidence from the zero-beta Capital Asset Pricing Model
url: https://www.ml-quant.com/papers/ssrn/4884080/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4884080
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4884080
featured: 2024-07-10
citations: 0
topic: Asset Pricing & Factors
---


# Identifying proxies for risk-free assets: Evidence from the zero-beta Capital Asset Pricing Model

Research indicates that gold, treasury bills, and interbank rates can act as risk-free assets in various countries, but no such asset exists universally for the UK, US, China, Japan, and India.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4884080
- Identifier: SSRN 4884080
- Released: 2022-11-03
- First featured: Quant Letter No. 56 (2024-07-10): https://www.ml-quant.com/issues/2024-07-10/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Asset Pricing & Factors

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