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Home Bias in Open Economy Financial Macroeconomics*

Coeurdacier, N., Rey, H.
Date Published: 2012
Coeurdacier, Nicolas and Hélène Rey, "Home Bias in Open Economy Financial Macroeconomics", Journal of Economic Literature 2012, 51(1), 63–115.

Abstract:
Home bias is a perennial feature of international capital markets. We review various explanations of this puzzling phenomenon highlighting recent developments in macroeconomic modelling that incorporate international portfolio choices in standard two-country general equilibrium models.



Citation:
Coeurdacier, Nicolas and Hélène Rey, "Home Bias in Open Economy Financial Macroeconomics", Journal of Economic Literature 2012, 51(1), 63–115.
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This material is based upon work supported by the European Research Council grant number 210584 on "Countries' external balance sheets, dynamics of international adjustment and capital flows".



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