Is Home Bias in Assets Related to Home Bias in Goods?
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Obstfeld and Rogoff (2000) have reinvigorated an old literature on the link between home bias in the goods market and home bias in the asset market by arguing that trade costs in the goods market can account for the observed portfolio home bias. The key link between home bias in the two markets is
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美国国家经济研究局创建时间：
2006-12-01
