Global Portfolio Diversification for Long-Horizon Investors
收藏NBER2018-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24646
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资源简介：
This paper conducts a theoretical and empirical investigation of global portfolio diversification for long-horizon investors in the presence of permanent cash flow shocks and transitory discount rate shocks to asset prices and returns. An increase in the cross-country correlations of cash flow
提供机构：
美国国家经济研究局
创建时间：
2018-05-01
