Country Size, Currency Unions, and International Asset Returns

Material TypeArticleLanguageEnglish
TitleCountry Size, Currency Unions, and International Asset Returns Author(S)TAREK A. HASSAN (Author)
Abstract  Differences in real interest rates across developed economies are puzzlingly large and persistent. I propose a simple explanation: bonds issued in the currencies of larger economies are expensive because they insure against shocks that affect a larger fraction of the world economy ...Paginationp2269-2308
SubjectEconomicsDescriptorsFinance
Journal TitleThe Journal of Finance  
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