When Bonds Matter: Home Bias in Goods and Assets
收藏NBER2011-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w17560
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资源简介：
This paper presents a model of international portfolios with real exchange rate and non financial risks that accounts for observed levels of equity home bias. A key feature is that investors can trade equities as well as domestic and foreign real bonds. Bonds matter: in equilibrium, investors
提供机构：
美国国家经济研究局
创建时间：
2011-11-01
