Stulz, René M. (contributor) - 2005
. Introduction
At the end of World War II, financial markets were closed in most countries, but since then,
many countries have …, Wei, and Kose (2003).
3
Using data from the World Economic Outlook of the IMF, the sum of net equity flows to less … the world market portfolio. If
investors hold the world market portfolio and there is no home bias, the measure is zero …