haku: @author Pesenti, P. / yhteensä: 4
viite: 1 / 4
« edellinen | seuraava »
| Tekijä: | Pesenti, P. Wincoop, E. van |
| Otsikko: | Can nontradables generate substantial home bias? |
| Lehti: | Journal of Money, Credit and Banking
2002 : FEB, VOL. 34:1, p. 25-50 |
| Asiasana: | CAPITAL MARKETS PORTFOLIO INVESTMENT |
| Vapaa asiasana: | NONTRADABLE |
| Kieli: | eng |
| Tiivistelmä: | 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. |
« edellinen | seuraava »
SCIMA