Decomposing the U.S. External Returns Differential
收藏NBER2009-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15077
下载链接
链接失效反馈官方服务：
资源简介：
We decompose the returns differential between U.S. portfolio claims and liabilities into the composition, return, and timing effects. Our most striking and robust finding is that foreigners exhibit poor timing when reallocating between bonds and equities within their U.S. portfolios. The poor timing
提供机构：
美国国家经济研究局
创建时间：
2009-06-01
