The Determinants of International Portfolio Holdings and Home Bias

Working Paper No. 04/34

The Determinants of International Portfolio Holdings and Home Bias
Despite the liberalization of foreign portfolio investment around the globe since the early 1980s, the home-bias phenomenon is still found to exist. Using a relatively new IMF survey dataset of cross-border equity holdings, this paper tests new structural equations from a consumption-based asset-pricing model on international portfolio holdings.... READ MORE...

Publication date: February 2004
ISBN 9781451845297
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Publication date: February 2004

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Publication date: February 2004

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