Nontraded Goods, Nontraded Factors, and International Non-Diversification
收藏NBER1995-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5175
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资源简介：
Can the presence of nontraded consumption goods explain the high degree of 'home bias' displayed by investor portfolios? We find that the answer is no, so long as individuals have access to free international trade in financial assets. In particular, it is never optimal to exhibit home bias with
提供机构：
美国国家经济研究局
创建时间：
1995-07-01
