We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU countries. We construct an index of similarity of financial portfolios which we then put into context with the view that “the financial world” has an impact on business cycles...

We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU countries. We construct an index of similarity of financial portfolios which we then put into context with the view that 'the financial world' has an impact on business cycles and...

Wealthier people generally hold a larger part of their savings in risky assets. Using the US Survey of Consumer Finances, I show that wealthier households also have a higher portfolio share of foreign assets. This relative home bias of the poor does not seem to be explained by fixed...

We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU countries. We construct an index of similarity of financial portfolios which we then put into context with the view that “the financial world” has an impact on business cycles...

This paper investigates whether risk sharing, measured as income and consumption smoothing, among countries in the EU and the European Economic and Monetary Union (EMU) has increased since the adoption of the euro. We ask: Have the recent increase in foreign equity and debt holdings been...

The 2008-09 global financial crisis did not result in the failure of any major financial institution in Israel, but it did reveal vulnerabilities in the non-banking sector . particularly in the corporate-bond market. Conservative regulation of the banking sector helped this segment avoid a...

Cet article traite des investisseurs institutionnels dans les principaux pays europeens ainsi qu'aux Etats-Unis. La premiere partie evalue le phenomene d'"institutionnalisation" des patrimoines financiers. Si cette tendance est commune a l'ensemble des economies, on note des differences marquees...

Notre communication se propose d’expliciter les comportements de détention de produits d’assurance vie selon l’âge, à partir d’une exploitation économétrique de l’enquête Patrimoine 1998 de l’Insee. Plus précisément, nous cherchons à identifier les déterminants...

Notre communication se propose d’expliciter les comportements de détention de produits d’assurance vie selon l’âge, à partir d’une exploitation économétrique de l’enquête Patrimoine 1998 de l’Insee. Plus précisément, nous cherchons à identifier les déterminants...