search query: @author Pesenti, P. / total: 4
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| Author: | Pesenti, P. Wincoop, E. van |
| Title: | Can nontradables generate substantial home bias? |
| Journal: | Journal of Money, Credit and Banking
2002 : FEB, VOL. 34:1, p. 25-50 |
| Index terms: | CAPITAL MARKETS PORTFOLIO INVESTMENT |
| Freeterms: | NONTRADABLE |
| Language: | eng |
| Abstract: | The past decade has witnessed an increase in the fraction of equity portfolios invested abroad, as barriers to international asset trade have significantly declined. What are the long-run implications of this process? In this paper the authors investigate to what extent nontradables (consumption and leisure) can affect the portfolio allocation decision in otherwise integrated capital markets. |
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