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The Role of Information Asimmetries and Inflation Hedging in International Equity Portfolios

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Author Info
Giofré, Maela M.

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Abstract

We investigate the role of information asymmetries and inflation hedging in shaping international equity portfolios. We confirm, in a multinational setting, Cooper and Kaplanis (1994) result of no inflation hedging motive driving investors' behavior and find evidence of a crucial role for financial market development and trade linkages.

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13925.

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Date of creation: 2009
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Handle: RePEc:pra:mprapa:13925

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Related research
Keywords: equity home bias; portfolio choice; inflation hedging; information asymmetries;

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Find related papers by JEL classification:
G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
F30 - International Economics - - International Finance - - - General
G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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