Do trade costs in goods market lead to home bias in equities
By Nicolas Coeurdacier. 2009
223 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/b4c99afae04ee7542e0355dd480a9a6264b1773e
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Matteo Maggiori
- Tarek A. Hassan
- Jean Imbs
- Luigi Bocola
- Dani Rodrik
- D. Lederman
- Thomas Helbling
- B. Klinger
In Finance
- Matteo Maggiori
- Tarek A. Hassan
- Jean Imbs
- Luigi Bocola
- Sébastien Wälti
- Ayhan Kose
- Thomas Helbling
- M. Bordo
Citations in the corpus
- Country Size, Currency Unions, and International Asset Returns (2012, background): “…of international asset pricing models find a relative risk aversion significantly larger than one and an elasticity of substitution around one, I follow the literature in assuming that this condition is met, but refer to it whenever it is relevant (see Coeurdacier (2006) for a detailed discussion).”
- International portfolio equilibrium and the current account (2006, unknown): “Coeurdacier (2005) solves a two-good transport cost model with unrestricted risk aversions and substitution elasticities; equity home bias can arise if frictions in financial markets are assumed.”
- The Valuation Channel of External Adjustment (2009, unknown): “ = − and = ∗− ∗ (13)”
- Home bias in open economy financial macroeconomics (2013, unknown): “This term is the same as the one derived in Coeurdacier (2009) and Kollmann (2006b) in the absence of human capital risk (α → 1).”
- Financial Intermediation, International Risk Sharing, and Reserve Currencies (2017, background): “A long-standing literature has highlighted the importance of trade costs for international finance (Samuelson (1954), Dumas (1992), Obstfeld and Rogoff (2001), Coeurdacier (2009)), while a fast-growing literature is analyzing the collapse in trade during the 2008 crisis.”
- The First Global Recession in Decades (2010, background): “The framework introduced in Coeurdacier (2009) for instance can help answering the question whether cross-country differences in the relative magnitudes of goods and assets trade costs can begin to explain the differential responses we observe over the past year in response to a U.S.-based shock.”
- COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS (2011, unknown): “t ( 5 ) where an asterisk indicates foreign variables.”