The home bias in equities and distribution costs:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
Dt. Bundesbank
2010
|
| Series: | Discussion paper / Deutsche Bundesbank : Series 1, economic studies
2010,24 |
| Subjects: | |
| 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 |
| Item Description: | Auch im Internet verfügbar. - Zsfassung in dt. Sprache |
| Physical Description: | 53 S. graph. Darst. |
| ISBN: | 9783865586643 9783865586650 |
Staff View
MARC
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Record in the Search Index
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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