Essays in international portfolio choice and monetary policy
Empirical evidence shows that equity home bias is a prevailing fact for most countries, but standard international monetary business cycle models with nominal bonds hardly generate equity home bias for plausible preference parameter values. By incorporating inflation-indexed bonds, I show in chapter...
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| Language: | English |
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University of British Columbia
2012
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| Online Access: | http://hdl.handle.net/2429/43265 |