講座題目：Divergence in Equity Home Bias between Developed and Developing Economies: A role of Financial Development

時(shí)間：2021年5月12日（周三）12:30 – 13:30（線上）

主講人: Ju H. Pyun博士為韓國(guó)大學(xué)商學(xué)院的副教授

主講人簡(jiǎn)介：

Ju H. Pyun博士為韓國(guó)大學(xué)商學(xué)院的副教授，同時(shí)也是該院國(guó)際商務(wù)系的系主任。Ju H.Pyun博士為多類雜志主編，如Korean Economic Review, International Economic Journal, and Asian Economic Journal。在加入韓國(guó)大學(xué)之前，Pyu教授博士畢業(yè)于University of California, Davis經(jīng)濟(jì)系。且曾任職于韓國(guó)國(guó)際經(jīng)濟(jì)政策研究所的研究員。

講座內(nèi)容簡(jiǎn)介：

Does financial development stimulate international portfolio diversification? While financial development helps domestic investors increase their access to foreign markets and diversify investments abroad, it can promote investment within a domestic market by substituting for foreign investment. Our multi-country general equilibrium model of portfolio choice with a simple cost structure helps understand the role of financial development (interacted with financial openness) in explaining the divergence in equity home bias between developed and developing countries: the model identifies the general equilibrium effects of evolving financial development at the same pace and predicts that simultaneous financial development in the world decreases long positions in home equity in developed (more open) financial markets, whereas it increases those in underdeveloped markets.

騰訊會(huì)議：https://meeting.tencent.com/s/m35TWU2nNXjs

會(huì)議號(hào)：488 948 078