Related Books

The International Diversification Puzzle is Not as Bad as You Think
Language: en
Pages: 60
Authors: Jonathan Heathcote
Categories: International trade
Type: BOOK - Published: 2007 - Publisher:

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Abstract : In simple one-good international macro models, the presence of non-diversifiable labor income risk means that country portfoliosshould be heavily bia
The International Diversification Puzzle is Worse Than You Think
Language: en
Pages: 36
Authors: Marianne Baxter
Categories: Human capital
Type: BOOK - Published: 1995 - Publisher:

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Although international financial markets are highly integrated across the more well-developed countries, investors nevertheless hold portfolios that consist nea
The International Diversification Puzzle when Goods Prices Are Sticky
Language: en
Pages: 49
Authors: Mr.Charles Engel
Categories: Business & Economics
Type: BOOK - Published: 2009-01-01 - Publisher: International Monetary Fund

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This paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exc
Geoeconomic Fragmentation and International Diversification Benefits
Language: en
Pages: 50
Authors: Tatsushi Okuda
Categories: Business & Economics
Type: BOOK - Published: 2024-03-08 - Publisher: International Monetary Fund

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This paper applies the two-country open-economy model with trade in stocks and bonds of Coeurdacier et al. (2010) to quantify the loss of international diversif
International Financial Connection and Stock Return Comovement
Language: en
Pages: 33
Authors: Mr.Sakai Ando
Categories: Business & Economics
Type: BOOK - Published: 2019-08-22 - Publisher: International Monetary Fund

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This paper studies whether bilateral international financial connection data help predict bilateral stock return comovement. It is shown that, when the United S