mutual fund market to explain their limited global diversification. Demand estimation confirms that consumers are not only …Although the lack of international portfolio diversification has long interested the financial economics literature … introduce a microeconomic aspect of under-diversification by examining a new data on U.S.-based mutual fund families' global …

In the mid-2000s, federal bank regulatory agencies became alarmed by steadily increasing concentrations of commercial … of macroprudential regulation to have a significant and broad influence on bank behavior. …