The International Diversification Puzzle Is Not As Bad As You Think
收藏NBER2007-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13483
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资源简介：
In simple one-good international macro models, the presence of non-diversifiable labor income risk means that country portfoliosshould be heavily biased toward foreign assets. The fact that theopposite pattern of diversification is observed empirically constitutes the international diversification
提供机构：
美国国家经济研究局
创建时间：
2007-10-01
