Balli, Faruk and Louis, Rosmy J. and Osman, Mohammad (2008): International Income Smoothing and Foreign Asset Holdings. Forthcoming in: Journal of Economics and Finance
This is the latest version of this item.
Download (156kB) | Preview
In this paper we construct a new methodology to measure the international income smoothing and present stronger connection between international asset holdings and international income smoothing for OECD countries.
|Item Type:||MPRA Paper|
|Original Title:||International Income Smoothing and Foreign Asset Holdings|
|Keywords:||Capital Market Integration, Home Bias, Income Smoothing|
|Subjects:||F - International Economics > F1 - Trade > F15 - Economic Integration
F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
|Depositing User:||Faruk Balli|
|Date Deposited:||18. Nov 2008 05:22|
|Last Modified:||24. Feb 2013 20:05|
Adjaout, K., Laura, B., Danthine, J., Fischer., A., Hamaui, R., and Portes, R. (2002) EMU and portfolio adjustment. CEPR Policy Paper, No:5.
Ahearne, A., Griever, W., and Warnock, F.(2000) Information costs and home bias. Board of Governors of the Federal Reserve System, International Finance Discussion Paper No: 691.
Balli, F. (2008) Spillover effects on government Bond yield spreads in Euro zone. Does perfect integration exist among EMU members? Journal of Economics and Finance Forthcoming.
Codogno, L., Favero, C., and Missale, A. (2003) EMU and government bond spreads, Economic Policy, 18, 503–532.
French, K., and Poterba, J. (1991) International diversification and international equity markets.American Economic Review, 81, 222–226.
Grubel, H. L. (1968) Internationally diversified portfolios: welfare gains and capital flows. American Economic Review, 58, 1299–1314.
Lewis, K. (1996) What explain the apparent lack of international consumption risk sharing?. Journal of Political Economy, 104, 267–297.
Lewis, K. (1999) Trying to explain home bias in equities and consumption. Journal of Economic Literature 1999, 37, 571–608.
Pagano, M., and Von-Thadden, E. L. (2004) The European bond markets under EMU, Oxford Review of Economic Policy, 20, 531-554.
Sørensen, B. E., Yosha, O. (1998) International risk sharing and European monetary unification. Journal of International Economics,45, 211–38.
Sørensen, B. E., Wu, Y. T., Yosha, O., Zhu. Y. (2007) Home bias and international risk sharing: Twin puzzles separated at birth. Journal of International Money and Finance, 26, 587—605.
Tesar, L., and Werner, I. (1995) Home bias and high turnover. Journal of International Money and Finance, 14, 467–492.
Available Versions of this Item
International Income Smoothing and Foreign Asset Holdings. (deposited 25. Aug 2008 01:12)
- International Income Smoothing and Foreign Asset Holdings. (deposited 18. Nov 2008 05:22) [Currently Displayed]