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

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  • Giofré, Maela M.

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.

Suggested Citation

  • Giofré, Maela M., 2009. "The Role of Information Asimmetries and Inflation Hedging in International Equity Portfolios," MPRA Paper 13925, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:13925
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    Cited by:

    1. Maela Giofré, 2012. "Convergence of EMU Equity Portfolios," Open Economies Review, Springer, vol. 23(2), pages 381-419, April.

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    More about this item

    Keywords

    equity home bias; portfolio choice; inflation hedging; information asymmetries;
    All these keywords.

    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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