Matches in SemOpenAlex for { <https://semopenalex.org/work/W1570483996> ?p ?o ?g. }
- W1570483996 endingPage "1020" @default.
- W1570483996 startingPage "975" @default.
- W1570483996 abstract "We review the international finance literature to assess the extent to which international factors affect financial asset demands and prices. International asset-pricing models with mean-variance investors predict that an asset's risk premium depends on its covariance with the world market portfolio and, possibly, with exchange rate changes. The existing empirical evidence shows that a country's risk premium depends on its covariance with the world market portfolio and that there is some evidence that exchange rate risk affects expected returns. However, the theoretical asset-pricing literature relying on mean-variance optimizing investors fails in explaining the portfolio holdings of investors, equity flows, and the time-varying properties of correlations across countries. The home bias has the effect of increasing local influences on asset prices, while equity flows and cross-country correlations increase global influences on asset prices." @default.
- W1570483996 created "2016-06-24" @default.
- W1570483996 creator A5074380136 @default.
- W1570483996 creator A5079349233 @default.
- W1570483996 date "2003-01-01" @default.
- W1570483996 modified "2023-10-18" @default.
- W1570483996 title "Chapter 16 Are financial assets priced locally or globally?" @default.
- W1570483996 cites W1517811065 @default.
- W1570483996 cites W1522855534 @default.
- W1570483996 cites W1537824135 @default.
- W1570483996 cites W1575345035 @default.
- W1570483996 cites W1585589540 @default.
- W1570483996 cites W1593727407 @default.
- W1570483996 cites W1603751424 @default.
- W1570483996 cites W1683068654 @default.
- W1570483996 cites W1965192780 @default.
- W1570483996 cites W1973315392 @default.
- W1570483996 cites W1973813563 @default.
- W1570483996 cites W1974156766 @default.
- W1570483996 cites W1975201751 @default.
- W1570483996 cites W1984743680 @default.
- W1570483996 cites W1985358018 @default.
- W1570483996 cites W1990247668 @default.
- W1570483996 cites W1990608688 @default.
- W1570483996 cites W1992426919 @default.
- W1570483996 cites W1995834279 @default.
- W1570483996 cites W1996503720 @default.
- W1570483996 cites W1997043583 @default.
- W1570483996 cites W1997246417 @default.
- W1570483996 cites W1997529623 @default.
- W1570483996 cites W1999918735 @default.
- W1570483996 cites W2000190181 @default.
- W1570483996 cites W2004933348 @default.
- W1570483996 cites W2007568862 @default.
- W1570483996 cites W2014509740 @default.
- W1570483996 cites W2019337746 @default.
- W1570483996 cites W2020138860 @default.
- W1570483996 cites W2025483505 @default.
- W1570483996 cites W2028738662 @default.
- W1570483996 cites W2029538434 @default.
- W1570483996 cites W2035293670 @default.
- W1570483996 cites W2036584685 @default.
- W1570483996 cites W2036776382 @default.
- W1570483996 cites W2038273358 @default.
- W1570483996 cites W2040705100 @default.
- W1570483996 cites W2041346007 @default.
- W1570483996 cites W2042651651 @default.
- W1570483996 cites W2043198784 @default.
- W1570483996 cites W2045817470 @default.
- W1570483996 cites W2047260288 @default.
- W1570483996 cites W2047560619 @default.
- W1570483996 cites W2049830183 @default.
- W1570483996 cites W2052147470 @default.
- W1570483996 cites W2054240155 @default.
- W1570483996 cites W2055096672 @default.
- W1570483996 cites W2060044440 @default.
- W1570483996 cites W2065967564 @default.
- W1570483996 cites W2066580768 @default.
- W1570483996 cites W2066739461 @default.
- W1570483996 cites W2067790650 @default.
- W1570483996 cites W2067940847 @default.
- W1570483996 cites W2067966215 @default.
- W1570483996 cites W2070440455 @default.
- W1570483996 cites W2072590103 @default.
- W1570483996 cites W2073361802 @default.
- W1570483996 cites W2073740083 @default.
- W1570483996 cites W2074812030 @default.
- W1570483996 cites W2076438649 @default.
- W1570483996 cites W2082330181 @default.
- W1570483996 cites W2092440222 @default.
- W1570483996 cites W2093239045 @default.
- W1570483996 cites W2095102090 @default.
- W1570483996 cites W2099216342 @default.
- W1570483996 cites W2101102599 @default.
- W1570483996 cites W2107697865 @default.
- W1570483996 cites W2108095820 @default.
- W1570483996 cites W2111187892 @default.
- W1570483996 cites W2114904621 @default.
- W1570483996 cites W2119791950 @default.
- W1570483996 cites W2120646818 @default.
- W1570483996 cites W2126450706 @default.
- W1570483996 cites W2127223208 @default.
- W1570483996 cites W2132874737 @default.
- W1570483996 cites W2133641513 @default.
- W1570483996 cites W2134807435 @default.
- W1570483996 cites W2135199760 @default.
- W1570483996 cites W2137807883 @default.
- W1570483996 cites W2139163404 @default.
- W1570483996 cites W2141200145 @default.
- W1570483996 cites W2141807369 @default.
- W1570483996 cites W2142848922 @default.
- W1570483996 cites W2149908462 @default.
- W1570483996 cites W2152187175 @default.
- W1570483996 cites W2154214328 @default.
- W1570483996 cites W2155369257 @default.
- W1570483996 cites W2157374408 @default.
- W1570483996 cites W2157509893 @default.
- W1570483996 cites W2158542298 @default.