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Is Home Bias in Assets Related to Home Bias in Goods?

van Wincoop, Eric - 2010

Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and … home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home … the implied home bias are close to zero, casting significant doubt on a meaningful link between home bias in the goods and …

Persistent link: https://www.econbiz.de/10012760513

Is Home Bias in Assets Related to Home Bias in Goods?

van Wincoop, Eric - 2006

Persistent link: https://www.econbiz.de/10012465932

Is home bias in assets related to home bias in goods?

Van Wincoop, Eric; Warnock, Francis E. - 2006

Persistent link: https://www.econbiz.de/10003399599

Home Bias, Exchange Rate Disconnect, and Optimal Exchange Rate Policy

Wang, Jian - 2015

This paper examines how much the central bank should adjust the interest rate in response to real exchange rate fluctuations. The paper first demonstrates in a two-country Dynamic Stochastic General Equilibrium (DSGE) model, that the home bias in consumption is important to duplicate the...

Persistent link: https://www.econbiz.de/10012707889

Home bias, transactions costs, and prospects for the Euro : a more detailed analysis

Mann, Catherine L.; Meade, Ellen E. - 2002

This paper brings together the literature on determination of home bias in equity holdings and the portfolio balance model of exchange rates to consider whether the dollar might be affected by a change in transactions costs that alters international portfolio allocations. The empirical findings...

Persistent link: https://www.econbiz.de/10010503711

Exchange Rate Dynamics in an Intertemporal General Equilibrium Model with Nominal Rigidities, Imperfect Competition, and Investments

Andersen, Allan B. - 1999

We develop an extension to the Obstfeld and Rogoff (1995, 1996) two-sector model with imperfect competition and nominal wage rigidities. Contrary to the Obstfeld and Rogoff (1995, 1996) analysis, we make an explicit account for the investment side of the two-sector economy. We analyze the...

Persistent link: https://www.econbiz.de/10014196601

DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2006

result of price discrimination. The latter is an implication of distribution services, which makes the goods demand …

Persistent link: https://www.econbiz.de/10014061212

Exports and the exchange rate : a general equilibrium perspective

Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022

aim of uncovering a single structural parameter, but theory suggests it could differ depending on the shock that drives …

Persistent link: https://www.econbiz.de/10013172465

Integration of Financial Markets and National Price Levels : The Role of Exchange Rate Volatility

Hoffmann, Mathias - 2016

How does international financial integration affect national price levels? To analyze this question, this paper formulates a two-country open economy sticky-price model under either segmented or complete asset markets. It is shown that the effect of financial integration, i.e. moving from...

Persistent link: https://www.econbiz.de/10012991245

Exchange Rate as a Determinant of Foreign Direct Investment : Does It Really Matter? Theoretical Aspects, Literature Review and Applied Proposal

Ruiz, Isabel - 2014

This paper re-examines the role of exchange rates as determinant of FDI. It extends the analysis to include the issue of how exchange rates determine the decision of invest in one country depending on whether the firm is deciding to invest on the country to service the local market or to invest...

Persistent link: https://www.econbiz.de/10013047115

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