| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w13612 |
| 来源ID | Working Paper 13612 |
| Goods Trade and International Equity Portfolios | |
| Fabrice Collard; Harris Dellas; Behzad Diba; Alan Stockman | |
| 发表日期 | 2007-11-26 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We show that international trade in goods is the main determinant of international equity portfolios and offers a compelling -- theoretically and empirically -- resolution of the portfolio home bias puzzle. The model implies that investors can achieve full international risk diversification if the share of wealth invested in foreign equity matches their country's degree of openness (the imports to GDP share). The empirical evidence strongly supports this implication. |
| 主题 | International Economics ; International Factor Mobility ; International Finance |
| URL | https://www.nber.org/papers/w13612 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571295 |
| 推荐引用方式 GB/T 7714 | Fabrice Collard,Harris Dellas,Behzad Diba,et al. Goods Trade and International Equity Portfolios. 2007. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w13612.pdf（373KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
