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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2108/153
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Full metadata record
| DC Field | Value | Language |
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| contributor.author | Al-Khail, Mohammed Aba | - |
| contributor.author | Berglund, Tom | - |
| date.accessioned | 2005-11-29T13:09:49Z | - |
| date.available | 2005-11-29T13:09:49Z | - |
| date.issued | 2001-03 | - |
| identifier.uri | http://hdl.handle.net/2108/153 | - |
| description.abstract | This paper analyses the impact of the European Monetary Union (EMU) on the allocation of international portfolio investments. The launch of the EMU provides an opportunity for comparison of different theoretical explanations for investment behaviour. Classical portfolio theory, the cornerstone in most international asset pricing models, predicts a change, which is the opposite of what asymmetric information based models predict. Classical portfolio theory predicts that the increased dependence between countries participating in the EMU should reduce the attractiveness of portfolio holdings in other EMU countries. Information based models on the other hand, which stress that the overall increase in cross border transactions between the EMU countries would result in more intense flow of information, would instead predict a relative increase in portfolio holdings in other EMU countries. Our results for the allocation of Finnish foreign investments are more in favour of the latter hypothesis. | en |
| format.extent | 106901 bytes | - |
| format.mimetype | application/pdf | - |
| language.iso | en | en |
| publisher | CEIS | en |
| relation.ispartofseries | Quaderni CEIS | - |
| subject.classification | SECS-P/01; Economia politica | en |
| title | The Impact of the EMU on international portfolio investments | en |
| type | Article | en |
| subject.jel | G15; International financial markets | en |
| Appears in Collections: | Quaderni
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| File |
Description |
Size | Format |
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| 141.PDF | | 104Kb | Adobe PDF | View/Open |
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