International Portfolio Allocation under Model Uncertainty
收藏NBER2009-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14734
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资源简介：
This paper proposes an explanation of the international home bias in equity based on ambiguity aversion. Doubts imply an additional hedging motif driven by the interaction between real exchange rate risk and ambiguity aversion. What matters is the long-run as opposed to the short-run risk. Domestic
提供机构：
美国国家经济研究局
创建时间：
2009-02-01
