Belke, Ansgar; Schneider, Jennifer - 2013
We investigate the linkage between business cycle convergence and financial portfolio choice for a panel of 18 EU … countries. We construct an index of similarity of financial portfolios which we then put into context with the view that “the …-wealth linkage. The model which guides our analysis is the International Asset Pricing Model (IAPM). Portfolios of the 18 EU …