Non-traded goods, transaction costs, and equity home bias puzzle
碩士 === 國立政治大學 === 國際貿易學系 === 89 === The fact that people prefer to hold domestic equities than foreign ones is still a puzzle for most economists. Although many factors are seemed to be reasonable explanations, two factors, non-traded goods and transaction costs, are usually regarded as t...
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2001
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ndltd-TW-089NCCU03230052016-07-06T04:10:44Z http://ndltd.ncl.edu.tw/handle/16383485764065179963 Non-traded goods, transaction costs, and equity home bias puzzle 非貿易財、交易成本與本國偏向資產持有之關係研究 Chih-yang, Yeh 葉志揚 碩士 國立政治大學 國際貿易學系 89 The fact that people prefer to hold domestic equities than foreign ones is still a puzzle for most economists. Although many factors are seemed to be reasonable explanations, two factors, non-traded goods and transaction costs, are usually regarded as the main ones to explain the puzzle. In spite of their importance, the question of which factor has better ability of explaining the puzzle has been the central issue among economists for a long period. In this paper, we will not only try to clarify the issue by examining the role of each factor playing in the puzzle, but also attempt to find out the reasons of disagreements among economists. A modern intranational macroeconomics approach will also be adopted to verify the discussion in this paper. Without surprise, it seems that a model with transaction costs has better ability to explain the puzzle since it’s more general in classifying the tradability of goods. 林柏生 2001 學位論文 ; thesis 29 en_US |
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碩士 === 國立政治大學 === 國際貿易學系 === 89 === The fact that people prefer to hold domestic equities than foreign ones is still a puzzle for most economists. Although many factors are seemed to be reasonable explanations, two factors, non-traded goods and transaction costs, are usually regarded as the main ones to explain the puzzle. In spite of their importance, the question of which factor has better ability of explaining the puzzle has been the central issue among economists for a long period. In this paper, we will not only try to clarify the issue by examining the role of each factor playing in the puzzle, but also attempt to find out the reasons of disagreements among economists. A modern intranational macroeconomics approach will also be adopted to verify the discussion in this paper. Without surprise, it seems that a model with transaction costs has better ability to explain the puzzle since it’s more general in classifying the tradability of goods.
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| author2 |
林柏生 |
| author_facet |
林柏生 Chih-yang, Yeh 葉志揚 |
| author |
Chih-yang, Yeh 葉志揚 |
| spellingShingle |
Chih-yang, Yeh 葉志揚 Non-traded goods, transaction costs, and equity home bias puzzle |
| author_sort |
Chih-yang, Yeh |
| title |
Non-traded goods, transaction costs, and equity home bias puzzle |
| title_short |
Non-traded goods, transaction costs, and equity home bias puzzle |
| title_full |
Non-traded goods, transaction costs, and equity home bias puzzle |
| title_fullStr |
Non-traded goods, transaction costs, and equity home bias puzzle |
| title_full_unstemmed |
Non-traded goods, transaction costs, and equity home bias puzzle |
| title_sort |
non-traded goods, transaction costs, and equity home bias puzzle |
| publishDate |
2001 |
| url |
http://ndltd.ncl.edu.tw/handle/16383485764065179963 |
| work_keys_str_mv |
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