The home bias in equities and distribution costs:
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2010
|
| Schriftenreihe: | Discussion paper / Deutsche Bundesbank : Series 1, economic studies
2010,24 |
| Schlagwörter: | |
| Links: | http://hdl.handle.net/10419/43863 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021096940&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Beschreibung: | Auch im Internet verfügbar. - Zsfassung in dt. Sprache |
| Umfang: | 53 S. graph. Darst. |
| ISBN: | 9783865586643 9783865586650 |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV037182353 | ||
| 003 | DE-604 | ||
| 005 | 20130515 | ||
| 007 | t| | ||
| 008 | 110125s2010 xx d||| |||| 00||| eng d | ||
| 020 | |a 9783865586643 |9 978-3-86558-664-3 | ||
| 020 | |a 9783865586650 |9 978-3-86558-665-0 | ||
| 035 | |a (OCoLC)702663027 | ||
| 035 | |a (DE-599)BVBBV037182353 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-355 |a DE-20 |a DE-945 |a DE-12 |a DE-188 |a DE-M382 | ||
| 084 | |a QB 910 |0 (DE-625)141231: |2 rvk | ||
| 084 | |a QK 810 |0 (DE-625)141682: |2 rvk | ||
| 100 | 1 | |a Harms, Philipp |d 1966- |e Verfasser |0 (DE-588)136332684 |4 aut | |
| 245 | 1 | 0 | |a The home bias in equities and distribution costs |c Phillip Harms ; Mathias Hoffmann ; Christina Ortseifer |
| 264 | 1 | |a Frankfurt am Main |b Dt. Bundesbank |c 2010 | |
| 300 | |a 53 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper / Deutsche Bundesbank : Series 1, economic studies |v 2010,24 | |
| 500 | |a Auch im Internet verfügbar. - Zsfassung in dt. Sprache | ||
| 650 | 0 | 7 | |a Risikomanagement |0 (DE-588)4121590-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Internationalisierung |0 (DE-588)4162106-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Wertpapierportefeuille |0 (DE-588)4276973-5 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Wertpapierportefeuille |0 (DE-588)4276973-5 |D s |
| 689 | 0 | 1 | |a Internationalisierung |0 (DE-588)4162106-2 |D s |
| 689 | 0 | 2 | |a Risikomanagement |0 (DE-588)4121590-4 |D s |
| 689 | 0 | |C b |5 DE-604 | |
| 700 | 1 | |a Hoffmann, Mathias |e Verfasser |0 (DE-588)129670928 |4 aut | |
| 700 | 1 | |a Ortseifer, Christina |e Verfasser |4 aut | |
| 810 | 2 | |a Deutsche Bundesbank |t Discussion paper |v Series 1, economic studies ; 2010,24 |w (DE-604)BV017594637 |9 2010,24 | |
| 856 | 4 | 1 | |u http://hdl.handle.net/10419/43863 |x Verlag |z kostenfrei |3 Volltext |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021096940&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 912 | |a ebook | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-021096940 | |
Datensatz im Suchindex
| _version_ | 1819294125936082944 |
|---|---|
| adam_text | Titel: The home bias in equities and distribution costs
Autor: Harms, Philipp
Jahr: 2010
Contents
1 Introduction 1
2 The Model 3
2.1 Basic structure..................................... 3
2.2 Timing and preferences ................................ 4
2.3 International financial markets and budget constraints............... 5
2.4 Goods markets and distribution costs ........................ 6
2.4.1 Demand for goods............................... 6
2.4.2 Price setting and profits............................ 7
2.5 Equilibrium and steady State conditions....................... 9
2.6 Calibration....................................... 10
3 The optimal portfolio share of domestic equities 12
3.1 Financial and nonfinancial income and the real exchange rate........... 12
3.2 Relative profits and prices............................... 13
3.3 Understanding the effect of distribution costs.................... 14
3.4 The incomplete markets case............................. 19
3.4.1 Solving for the optimal portfolio share.................... 19
3.4.2 Numerical results................................. 20
4 Conclusion 27
Technical Appendix 30
Part 1: tmportant steady state relationships........................ 30
Goods Prices...................................... 30
Profits, Revenues, and Labor Incomes........................ 31
Part 2: Matching 7 and a to observables.......................... 32
Part 3: Log-linear approximation of the second-period budget constraint (APC) ... 34
Part 4: Relating YFin and Yp !1 to f, PN - SPn and relative budget constraints ... 34
Part 5: The Complete-Markets Case for A 0....................... 39
Part 6: The incomplete markets Solution.......................... 40
|
| any_adam_object | 1 |
| author | Harms, Philipp 1966- Hoffmann, Mathias Ortseifer, Christina |
| author_GND | (DE-588)136332684 (DE-588)129670928 |
| author_facet | Harms, Philipp 1966- Hoffmann, Mathias Ortseifer, Christina |
| author_role | aut aut aut |
| author_sort | Harms, Philipp 1966- |
| author_variant | p h ph m h mh c o co |
| building | Verbundindex |
| bvnumber | BV037182353 |
| classification_rvk | QB 910 QK 810 |
| collection | ebook |
| ctrlnum | (OCoLC)702663027 (DE-599)BVBBV037182353 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02148nam a2200469 cb4500</leader><controlfield tag="001">BV037182353</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20130515 </controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">110125s2010 xx d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783865586643</subfield><subfield code="9">978-3-86558-664-3</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783865586650</subfield><subfield code="9">978-3-86558-665-0</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)702663027</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV037182353</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-945</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-M382</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QB 910</subfield><subfield code="0">(DE-625)141231:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 810</subfield><subfield code="0">(DE-625)141682:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Harms, Philipp</subfield><subfield code="d">1966-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)136332684</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The home bias in equities and distribution costs</subfield><subfield code="c">Phillip Harms ; Mathias Hoffmann ; Christina Ortseifer</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Frankfurt am Main</subfield><subfield code="b">Dt. Bundesbank</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">53 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Discussion paper / Deutsche Bundesbank : Series 1, economic studies</subfield><subfield code="v">2010,24</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Auch im Internet verfügbar. - Zsfassung in dt. Sprache</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Risikomanagement</subfield><subfield code="0">(DE-588)4121590-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Internationalisierung</subfield><subfield code="0">(DE-588)4162106-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wertpapierportefeuille</subfield><subfield code="0">(DE-588)4276973-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Wertpapierportefeuille</subfield><subfield code="0">(DE-588)4276973-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Internationalisierung</subfield><subfield code="0">(DE-588)4162106-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Risikomanagement</subfield><subfield code="0">(DE-588)4121590-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="C">b</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hoffmann, Mathias</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)129670928</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ortseifer, Christina</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">Deutsche Bundesbank</subfield><subfield code="t">Discussion paper</subfield><subfield code="v">Series 1, economic studies ; 2010,24</subfield><subfield code="w">(DE-604)BV017594637</subfield><subfield code="9">2010,24</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://hdl.handle.net/10419/43863</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021096940&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ebook</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-021096940</subfield></datafield></record></collection> |
| id | DE-604.BV037182353 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T14:46:05Z |
| institution | BVB |
| isbn | 9783865586643 9783865586650 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021096940 |
| oclc_num | 702663027 |
| open_access_boolean | 1 |
| owner | DE-355 DE-BY-UBR DE-20 DE-945 DE-12 DE-188 DE-M382 |
| owner_facet | DE-355 DE-BY-UBR DE-20 DE-945 DE-12 DE-188 DE-M382 |
| physical | 53 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Dt. Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Deutsche Bundesbank : Series 1, economic studies |
| spellingShingle | Harms, Philipp 1966- Hoffmann, Mathias Ortseifer, Christina The home bias in equities and distribution costs Risikomanagement (DE-588)4121590-4 gnd Internationalisierung (DE-588)4162106-2 gnd Wertpapierportefeuille (DE-588)4276973-5 gnd |
| subject_GND | (DE-588)4121590-4 (DE-588)4162106-2 (DE-588)4276973-5 |
| title | The home bias in equities and distribution costs |
| title_auth | The home bias in equities and distribution costs |
| title_exact_search | The home bias in equities and distribution costs |
| title_full | The home bias in equities and distribution costs Phillip Harms ; Mathias Hoffmann ; Christina Ortseifer |
| title_fullStr | The home bias in equities and distribution costs Phillip Harms ; Mathias Hoffmann ; Christina Ortseifer |
| title_full_unstemmed | The home bias in equities and distribution costs Phillip Harms ; Mathias Hoffmann ; Christina Ortseifer |
| title_short | The home bias in equities and distribution costs |
| title_sort | the home bias in equities and distribution costs |
| topic | Risikomanagement (DE-588)4121590-4 gnd Internationalisierung (DE-588)4162106-2 gnd Wertpapierportefeuille (DE-588)4276973-5 gnd |
| topic_facet | Risikomanagement Internationalisierung Wertpapierportefeuille |
| url | http://hdl.handle.net/10419/43863 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021096940&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV017594637 |
| work_keys_str_mv | AT harmsphilipp thehomebiasinequitiesanddistributioncosts AT hoffmannmathias thehomebiasinequitiesanddistributioncosts AT ortseiferchristina thehomebiasinequitiesanddistributioncosts |