Euro Papers / European Commission |
Pubbl/distr/stampa | European Commission |
Soggetto topico |
Euro
Monetary unions - Europe Money - European Union countries |
Formato | Materiale a stampa |
Livello bibliografico | Periodico |
Lingua di pubblicazione | eng |
Record Nr. | UNISA-996211004803316 |
European Commission | ||
Materiale a stampa | ||
Lo trovi qui: Univ. di Salerno | ||
|
Euro Papers / European Commission |
Pubbl/distr/stampa | European Commission |
Soggetto topico |
Euro
Monetary unions - Europe Money - European Union countries |
Formato | Materiale a stampa |
Livello bibliografico | Periodico |
Lingua di pubblicazione | eng |
Record Nr. | UNINA-9910141986203321 |
European Commission | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
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European business cycle convergence : portfolio similarity and a declining home bias of private investors / / Jennifer Schneider |
Autore | Schneider Jennifer |
Pubbl/distr/stampa | Frankfurt am Main, [Germany] : , : PL Academic Research, , 2013 |
Descrizione fisica | 1 online resource (223 p.) |
Disciplina | 330.94 |
Collana | Hohenheimer volkswirtschaftliche Schriften |
Soggetto topico |
Business cycles - Europe
Monetary unions - Europe |
ISBN | 3-653-01915-X |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Cover; Preface; Content; Tables; Graphs; Abbreviations; Variables; A. Introduction; 1. Motivation; B. Theoretical and Empirical Background; 2. Business Cycle Convergence and Consumption; 2.1 Optimal Currency Area Criteria; 2.2 Financial Market Integration and Business Cycle Convergence; 2.3 Consumption; 2.3.1 Consumption Function; 2.3.2 Consumption-wealth-linkage; 2.3.3 A Side Note on Financial Systems and Monetary Policy Transmission; 2.4 The Context of Consumption and Business Cycles; 3. Portfolio Theory; 3.1 Motivation; 3.2 Basics of Modern Portfolio Theory
3.2.1 Core Elements of Portfolio Theory 3.2.2 The Efficient Frontier; 3.2.3 The Single Index Model; 3.3 Capital Asset Pricing Model; 3.3.2 The Standard Model; 3.3.3 Shortcomings of the Standard CAPM; 3.3.4 Empirical Findings; 3.4 International Asset Pricing Model and the Home Bias Phenomenon; 3.4.2 IAPM; 3.4.3 Home Bias - Empirical Background; 3.4.4 Explaining Home Bias; 3.4.4.1 Rational Explanations; 3.4.4.2 Behavioural Finance; 3.5 IAPM - A Plausible Starting Point?; C. Empirical Analysis; 4. Home Bias - Status quo in Europe; 4.1 Development of Private Financial Wealth 4.2 Development of Foreign Investment 4.3 Calculation of Home Bias; 4.4 Status quo of Home Bias; 4.5 The Market Portfolio as the Ideal Portfolio; 4.6 Return on Investment of the Country Strategies; 4.7 Volatility of Return; 4.8 Contribution of Portfolio Returns to Consumption Convergence; 4.9 Concluding Remarks; 5. Similarity of Portfolios in Europe; 5.1 Calculation; 5.2 Results; 5.3 Portfolio Similarity and Home Bias; 6. Consumption and Business Cycle Correlation; 6.1 Data and Estimation Method; 6.2 Results/Correlations Coefficients 6.3 Summary of Results for Portfolio Similarity and Correlation 7. Model; 7.1 General Outline and Variables; 7.2 Econometric Model; 7.2.1 Formal Analysis and Model Specification; 7.2.2 Approach; 7.2.3 Consumption Correlation; 7.2.4 GDP Correlation; 7.2.5 Two-stage Least-squares and General Method of Moments; 7.2.5.1 Model; 7.2.5.2 Results; 7.2.6 Summary; D. Political Implications and Summary; 8. Political Implications; 8.1 Reasons for Political Actions; 8.2 Reasons for Portfolio Dissimilarity; 8.3 Solutions Discussed in Literature; 8.4 Current Political Discussion of Solutions 8.5 Target Group for Measurements 9. Summary; 9.1 Hypothesis 1; 9.2 Hypothesis 2; 9.3 Hypothesis 3; 9.4 Hypothesis 4; 9.5 Hypothesis 5; 9.6 Hypothesis 6; 9.7 Hypothesis 7; 9.8 Outlook; References; Data Appendices |
Record Nr. | UNINA-9910297051103321 |
Schneider Jennifer | ||
Frankfurt am Main, [Germany] : , : PL Academic Research, , 2013 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
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