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Global Portfolio Rebalancing Under the Microscope

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NBER2008-07-01 更新2025-01-04 收录
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Cross border capital flows and returns on assets are two key variables in international macroeconomics. Difficult endogeneity issues plague any analysis of their correlations in aggregate data. This paper examines the dynamics of international portfolios with a unique data set on the stock

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2008-07-01
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