European Business Cycle Convergence; Portfolio Similarity and a Declining Home Bias of Private Investors

by Jennifer Schneider

Is the euro area getting closer with regard to business cycles? The study investigates the linkage between business cycle convergence and financial portfolio choice for a panel of 18 European countries. For this purpose an index is constructed which measures the similarity of investment portfolios. The idea is that financial portfolio choice has an impact on business cycles and contributes to convergence via the consumption-wealth linkage. The background...

• Format: Hardcover
• Language: English
• ISBN: 3631639740
• ISBN13: 9783631639740
• Release Date: March 2013
• Publisher: Peter Lang D
• Length: 224 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.7" x 5.9" x 8.3"