The International Diversification Puzzle when Goods Prices Are Sticky : : It's Really About Exchange-Rate Hedging, not Equity Portfolios / / Akito Matsumoto, Charles Engel |
Autore | Matsumoto Akito |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 47 p |
Altri autori (Persone) | EngelCharles |
Collana | IMF Working Papers |
Soggetto topico |
Hedging (Finance)
Foreign exchange rates Banks and Banking Investments: Stocks Macroeconomics Money and Monetary Policy International Finance: General Foreign Exchange Open Economy Macroeconomics Portfolio Choice Investment Decisions Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Price Level Inflation Deflation Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Macroeconomics: Consumption Saving Wealth Financing Policy Financial Risk and Risk Management Capital and Ownership Structure Value of Firms Goodwill Investment & securities Monetary economics Financial services law & regulation Stocks Sticky prices Currencies Consumption Hedging Financial institutions Prices Money Financial regulation and supervision National accounts Economics Financial risk management |
ISBN |
1-4623-0432-X
9786612842344 1-4519-8828-1 1-4518-7159-7 1-282-84234-X |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910788349103321 |
Matsumoto Akito
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Washington, D.C. : , : International Monetary Fund, , 2009 | ||
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Lo trovi qui: Univ. Federico II | ||
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International Risk Sharing : : Through Equity Diversification or Exchange Rate Hedging? / / Akito Matsumoto, Charles Engel |
Autore | Matsumoto Akito |
Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
Descrizione fisica | 1 online resource (47 p.) |
Altri autori (Persone) | EngelCharles |
Collana | IMF Working Papers |
Soggetto topico |
Risk
Hedging (Finance) Foreign Exchange Investments: Stocks Macroeconomics Money and Monetary Policy International Finance: General Open Economy Macroeconomics Pension Funds Non-bank Financial Institutions Financial Instruments Institutional Investors Price Level Inflation Deflation Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Investment & securities Currency Foreign exchange Monetary economics Stocks Sticky prices Currencies Exchange rates Prices Money |
ISBN |
1-4623-3256-0
1-4527-5511-6 9786612843525 1-282-84352-4 1-4518-7285-2 |
Formato | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | Contents; I. Introduction; II. A General Result in a Static Framework; III. A Dynamic Sticky-Price Model with Local-Currency Pricing; A. Household Problem; B. Firms; C. Equilibrium Portfolios under LCP and Flexible Wages; D. Equilibrium Portfolios under LCP and Sticky Wages; E. A Dynamic Sticky-Price Model with Producer-Currency Pricing; IV. Conclusion; Tables; 1. Optimal Portfolios under LCP, Flexible Wages; 2. Optimal Portfolios under LCP, Sticky Wages; 3. Optimal Portfolios under PCP, Flexible Wages; 4. Optimal Portfolios under PCP, Sticky Wages; References |
Record Nr. | UNINA-9910788336103321 |
Matsumoto Akito
![]() |
||
Washington, D.C. : , : International Monetary Fund, , 2009 | ||
![]() | ||
Lo trovi qui: Univ. Federico II | ||
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