This paper solves for optimal international portfolio choice in the presence of liquidity constraints and undiversiรฟable labor income risk. Optimal portfolios are internationally diversiรฟed while positive correlation between domestic stock market returns and permanent labor income shocks can generat
โฆ LIBER โฆ
Portfolio Choice and Liquidity Constraints
โ Scribed by Michael Haliassos; Alexander Michaelides
- Book ID
- 108563874
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 432 KB
- Volume
- 44
- Category
- Article
- ISSN
- 0020-6598
No coin nor oath required. For personal study only.
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