Cover Image
Read Now

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-pri...

Full description

Bibliographic Details
Main Author: Li, Shujing
Other Authors: Faruqee, Hamid, Yan, Isabel
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2004
Series:IMF Working Papers
Subjects:
Institutional Investors
Investments, Foreign
Stock Exchanges
Stocks
Agricultural Markets And Marketing
Pension Funds
Agribusiness
Finance
Financial Instruments
Long-term Capital Movements
Exports And Imports
General Financial Markets: General (includes Measurement And Data)
International Economics
Agriculture, Agribusiness & Food Production Industries
Agricultural Industries
Foreign Assets
Estimation
Cooperatives
Non-bank Financial Institutions
Stock Markets
Econometric Models
Investments: Stocks
Agroindustries
Estimation Techniques
Econometrics
Investment & Securities
Econometrics & Economic Statistics
Finance: General
International Investment
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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. Using of stock data allows us to provide new and clear-cut evidence on the determinants of international portfolio holdings
Physical Description:25 pages
ISBN:9781451845297

Similar Items