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International Diversification at Home and Abroad

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NBER2006-05-01 更新2025-01-04 收录
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It is an established fact that investors favor the familiarbe it domestic securities or, within a country, the securities of nearby firmsand avoid investments that would provide the greatest diversification benefits. While we do not rule out familiarity as an important driver of portfolio

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2006-05-01
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