Similar Search Results

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

Foreign Direct Investment and the Equity Home Bias Puzzle

Blank, Sven - 2020

The vast macroeconomic literature trying to explain the widely observed equity home bias disregards internationally active firms. In a DSGE model that features the endogenous choice of firms to become internationally active through either exports or foreign direct investment (FDI), we find that...

Persistent link: https://www.econbiz.de/10012839673

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the "home bias" in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even if...

Persistent link: https://www.econbiz.de/10008758929

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the “home bias” in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even...

Persistent link: https://www.econbiz.de/10008779855

The Home Bias in Equities and Distribution Costs

Harms, Philipp - 2016

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the 'home bias' in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even if...

Persistent link: https://www.econbiz.de/10012991070

Is real exchange rate hedging motive still important in determining equity home bias? : conference paper

Stewen, Iryna - 2014

The majority of general equilibrium models of international portfolio holdings differ substantially in their modeling procedures but typically feature a term that captures the relationship between real exchange rate changes and relative, i.e. home vs. foreign, equity market returns. However,...

Persistent link: https://www.econbiz.de/10010489904

Portfolio Diversification and the Cross-Sectional Distribution of Foreign Investment

Tabova, Alexandra - 2014

In this paper I explore the role of portfolio diversification in explaining the distribution of foreign investment across countries. I capture the portfolio diversification motive by a measure of country-specific riskiness, “covariance risk,” which I construct as how countries' growth rates...

Persistent link: https://www.econbiz.de/10013061869

Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

Bhamra, Harjoat Singh - 2017

A common criticism of behavioral economics is that it has not shown that the psychological biases of individual investors lead to aggregate long-run effects on both asset prices and macroeconomic quantities. Our objective is to address this criticism by providing a simple example of a production...

Persistent link: https://www.econbiz.de/10012966469

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