Understanding International Portfolio Diversification and Turnover Rates
收藏NBER2006-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12473
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资源简介：
This paper argues that fixed trading costs in international asset markets help explain equity home bias. This contrasts with explanations prevalent in international macroeconomics, which tend to be based on trading frictions instead in international goods markets, such as nontraded goods or
提供机构：
美国国家经济研究局
创建时间：
2006-08-01
