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Investor Diversification and International Equity Markets

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NBER1991-01-01 更新2025-01-04 收录
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The benefits of international diversification have been recognized for decades. In spite of this, most investors hold nearly all of their wealth in domestic assets. In this paper, we construct new estimates of the international equity portfolio holdings of investors in the U.S., Japan, and Britain.

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1991-01-01
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