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dc.contributor.authorSchneider, Jennifer
dc.date.accessioned2019-01-10 03:00:33
dc.date.accessioned2020-04-01T11:48:30Z
dc.date.available2020-04-01T11:48:30Z
dc.date.issued2013-12-04
dc.identifier1002711
dc.identifierOCN: 1083021842en_US
dc.identifier.urihttp://library.oapen.org/handle/20.500.12657/27301
dc.description.abstractIs the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios. The idea is that financial portfolio choice has an impact on business cycles and contributes to convergence via the consumption-wealth linkage. The background of the analysis is the International Asset Pricing Model (IAPM). The results of fixed effects GMM TSLS estimations confirm the linkage. The effect is higher for country-pairs that are built by one euro area member and one member outside the euro area.
dc.languageEnglish
dc.relation.ispartofseriesHohenheimer volkswirtschaftliche Schriften
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophyen_US
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCK Behavioural economicsen_US
dc.subject.classificationthema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Managementen_US
dc.subject.otherBias
dc.subject.otherBusiness
dc.subject.otherConsumption-Wealth-Linkage
dc.subject.otherConvergence
dc.subject.otherCycle
dc.subject.otherDeclining
dc.subject.otherEuropean
dc.subject.otherHome
dc.subject.otherInternational Asset Pricing Model
dc.subject.otherInvestors
dc.subject.otherPanel Methods
dc.subject.otherPortfolio
dc.subject.otherPortfolio Choice
dc.subject.otherPrivate
dc.subject.otherSchneider
dc.subject.otherSimilarity
dc.titleEuropean Business Cycle Convergence
dc.title.alternativePortfolio Similarity and a Declining Home Bias of Private Investors
dc.typebook
oapen.identifier.doi10.3726/978-3-653-01915-5
oapen.relation.isPublishedBye927e604-2954-4bf6-826b-d5ecb47c6555
oapen.relation.isbn9783653019155
oapen.series.number69
oapen.pages218
oapen.place.publicationBern
oapen.identifier.ocn1083021842


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