specialization, wealth inequality, stock trading intensity, liquidity and return volatility. …

negatively proportional to the risk contribution of the arbitrage position captured by the product of the squared return …

-financial risk. We show that the very same factors behind the drive to city agglomeration also affect both the degree of portfolio … diversification and proximity investing by influencing investor information and risk. …

We exploit the restrictions of intertemporal portfolio choice in the presence of non-financial income risk to design …

currencies. The exchange rate effect of separate risk hedging is economically significant and amounts to a return difference of 3 …. Furthermore, they actively manage the portfolio risk of their speculative positions through hedging positions in correlated ….6 percent over a 5 day event window between currencies with high and low risk hedging value. The results of the classical event …

component that is attributed to risk-averse liquidity provision and a component that is attributed to private information or …