کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964387 930518 2007 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Home bias and international risk sharing: Twin puzzles separated at birth
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Home bias and international risk sharing: Twin puzzles separated at birth
چکیده انگلیسی
We document that international home bias in debt and equity holdings declined during the period 1993-2003 at the same time as international risk sharing increased. Using panel-data regressions for OECD countries, we demonstrate that less home bias is associated with more international risk sharing. More generally, we show that more financial integration is associated with more risk sharing when we measure financial integration as the ratio of foreign assets to Gross Domestic Product. Our results indicate that risk sharing and international financial integration are closely related empirical phenomena.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 26, Issue 4, June 2007, Pages 587-605
نویسندگان
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