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OverviewIs 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 of the analysis is the International Asset Pricing Model (IAPM). The results of fixed effects GMM TSLS estimations confirm the linkage. The effect is higher for country-pairs that are built by one euro area member and one member outside the euro area. Full Product DetailsAuthor: Jennifer SchneiderPublisher: Peter Lang AG Imprint: Peter Lang AG Edition: New edition Volume: 69 Dimensions: Width: 14.80cm , Height: 1.80cm , Length: 21.00cm Weight: 0.390kg ISBN: 9783631639740ISBN 10: 3631639740 Pages: 224 Publication Date: 27 March 2013 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsContents: Business Cycle Convergence and Consumption – Portfolio Theory – Home Bias: Status quo in Europe – Similarity of Portfolios – Consumption and Business Cycle Correlation – Empirical Model – Political Implications.ReviewsAuthor InformationJennifer Schneider studied from 2001 to 2005 Economics at the University of Hohenheim and achieved her doctorate in 2011. Since 2005 she works in the field of risk management for banks. Tab Content 6Author Website:Countries AvailableAll regions |
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