Risk Appetite, Home Bias and the Unstable Demand for Emerging Market Assets.
Home bias arises when the actual portfolio of an investor consists of a smaller proportion of foreign assets than that predicted by standard portfolio theory for the observed set of risks and returns on available assets. The existence and persistence of home bias undermines the theoretical case for...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Routledge
2005
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