株式会社極東書店トップ ＞ 商品一覧 ＞ European Business Cycle Convergence : Portfolio Similarity and a Declining Home Bias of Private Investors.
商品詳細
European Business Cycle Convergence : Portfolio Similarity and a Declining Home Bias of Private Investors. 欧州の景気循環の収斂－ポートフォリオの類似性と 減少する個人投資家のホーム・バイアス－
・ISBN 978-3-631-63974-0 hard SFR 69.35
￥19,985.- (税込) ※（※）価格はご注文時の参考価格となります。
納品価格につきましては書籍の入荷時点で確定となります。
版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
| 著者・編者 | Schneider, Jennifer, |
|---|---|
| シリーズ | Hohenheimer volkswirtschaftliche Schriften |
| 出版社 | (P. Lang, SZ) |
| 出版年月 | 2013 |
| ページ数 | 218 pp. |
| 言語 | ENG |
| ニュース番号 | ＜604-533 604-L382＞ |
解説
Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios. The idea is that financial portfolio choice has an impact on business cycles and contributes to convergence via the consumption-wealth linkage. The background of the analysis is the International Asset Pricing Model (IAPM). The results of fixed effects GMM TSLS estimations confirm the linkage. The effect is higher for country-pairs that are built by one euro area member and one member outside the euro area.