In this paper, we find that home bias is still present in all economies and regions, especially in the case of short …-term debt securities, but that there are substantial variations among economies and regions in the strength of home bias, with … the Eurozone economies, the US, and developing Asia showing relatively weak home bias and advanced Asia, especially Japan …

theory. In other words, foreign investors’ home bias is still strong. The overall increase in foreign holdings of Asian debt …