Australia's equity home bias and real exchange rate volatility

Paper

Mishra, Anil V.. 2008. "Australia's equity home bias and real exchange rate volatility." 16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM 2008). Brisbane, Australia 02 - 04 Jul 2008 Brisbane, Australia.
Paper/Presentation Title

Australia's equity home bias and real exchange rate volatility

Presentation TypePaper
Authors
AuthorMishra, Anil V.
Journal or Proceedings TitleProceedings of the 16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM 2008)
Number of Pages36
Year2008
Place of PublicationBrisbane, Australia
Web Address (URL) of Paperhttp://www.pbfeam2008.bus.qut.edu.au
Conference/Event16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM 2008)
Event Details
16th Annual Conference on Pacific Basin Finance, Economics, Accounting and Management (PBFEAM 2008)
Event Date
02 to end of 04 Jul 2008
Event Location
Brisbane, Australia
Abstract

[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.

Keywordscoordinated portfolio investment survey; float home bias; real exchange rate volatility; generalised method of moments
ANZSRC Field of Research 2020380107. Financial economics
Public Notes

File reproduced in accordance with the copyright policy of the publisher/author.

Byline AffiliationsSchool of Accounting, Economics and Finance
Permalink -

https://research.usq.edu.au/item/9yv8v/australia-s-equity-home-bias-and-real-exchange-rate-volatility

Log in to edit

Download files

  • 2069
    total views
  • 653
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

International comparisons of Australia's investment and trading position
Daly, Kevin and Mishra, Anil V.. 2006. "International comparisons of Australia's investment and trading position." Journal of Investment Strategy. 1 (3), pp. 45-50.
Where do Australians invest?
Mishra, Anil and Daly, Kevin. 2006. "Where do Australians invest?" The Australian Economic Review. 39 (1), pp. 47-59. https://doi.org/10.1111/j.1467-8462.2006.00395.x
Where do Australians invest?
Mishra, Anil V. and Daly, Kevin. 2004. "Where do Australians invest?" Hoque, Mohammad Ziaul (ed.) 4th International Business Research Conference. Melbourne, Australia 15 - 16 Nov 2004 Melbourne, Australia.
Australia's equity home bias
Mishra, Anil V.. 2008. "Australia's equity home bias." Australian Economic Papers. 47 (1), pp. 53-73. https://doi.org/10.1111/j.1467-8454.2008.00329.x
Australia's equity home bias and corporate governance
Mishra, Anil V.. 2007. "Australia's equity home bias and corporate governance." Davis, Kevin (ed.) 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference: Developments in Financial Services: Theory Meets Practice. Melbourne, Australia 24 - 25 Sep 2007 Melbourne, Australia.
Multi-country empirical investigation into international financial integration
Mishra, Anil and Daly, Kevin. 2006. "Multi-country empirical investigation into international financial integration." 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005 United Kingdom. https://doi.org/10.1080/13547860600923775
Australian investors' home bias in portfolio equity investment
Mishra, Anil V.. 2006. "Australian investors' home bias in portfolio equity investment." MacDonald, Garry (ed.) 35th Australian Conference of Economists (ACE 2006). Perth, Australia 25 - 27 Sep 2006 Curtin University of Technology, Perth, Western Australia.
International investment patterns: evidence using a new dataset
Mishra, Anil V.. 2005. "International investment patterns: evidence using a new dataset." Valentine, Tom (ed.) 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005
International investors' home bias in portfolio equity investment
Mishra, Anil V.. 2007. "International investors' home bias in portfolio equity investment." Walker, Gordon (ed.) 14th Global Finance Conference. Melbourne 01 - 04 Apr 2007 Melbourne, Australia.
Effect of quality of institutions on outward foreign direct investment
Mishra, Anil and Daly, Kevin. 2007. "Effect of quality of institutions on outward foreign direct investment." The Journal of International Trade and Economic Development: an international and comparative review. 16 (2), pp. 231-244. https://doi.org/10.1080/09638190701325573
International investment patterns: evidence using a new dataset
Mishra, Anil V.. 2006. "International investment patterns: evidence using a new dataset." Research in International Business and Finance. 21 (2), pp. 342-360. https://doi.org/10.1016/j.ribaf.2006.09.002