BibTeX
@MISC{Mishra_australia’sequity,
author = {Anil V Mishra},
title = {Australia’s Equity Home Bias and Real Exchange Rate Volatility},
year = {}
}
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Abstract
This paper examines the impact of real exchange rate volatility on Australia’s equity home bias by employing, International Monetary Fund’s high quality dataset (2001 to 2006) on cross border equity investment. The paper finds some interesting trends in Australia’s equity home bias. The paper uses different control measures and also conducts generalised method of moments robustness tests, to examine the role of real exchange rate volatility in Australia’s equity home bias. The paper finds that real exchange rate volatility is a potential driver of Australia’s equity home bias.
