This paper presents a model comparing the optimal degree of asset class diversification abroad by a central bank and a …. We also show how the diversification differences between the strategies of the bank and SWF is affected by the government …

This paper presents a model comparing the optimal degree of asset class diversification abroad by a central bank and a …. We also show how the diversification differences between the strategies of the bank and SWF is affected by the government …

This paper revisits the Home Bias Puzzle -- the relatively low interna- tional diversification of portfolios. We … predicting patterns of diversification. We compare the asset diver- sification patterns of agents who maximize a generalized … expected utility (GEU) to the diversification of agents who maximize the conventional expected utility (EU). Specifically, we …

This paper presents a model comparing the degree of asset class diversification abroad by a central bank and a …. We also show how the diversification differences between the strategies of the bank and SWF are affected by the …

This paper revisits the Home Bias Puzzle -- the relatively low interna- tional diversification of portfolios. We … predicting patterns of diversification. We compare the asset diver- sification patterns of agents who maximize a generalized … expected utility (GEU) to the diversification of agents who maximize the conventional expected utility (EU). Specifically, we …

This paper presents a model comparing the degree of asset class diversification abroad by a central bank and a …. We also show how the diversification differences between the strategies of the bank and SWF are affected by the …