Cross-border portfolio diversification under trade linkages
Cross-border portfolio diversification under trade linkages is a scholarly work, published in 2019 in ''Journal of Monetary Economics''. The main subjects of the publication include macroeconomics, international finance, economics, international trade, portfolio, diversification, and international economics. Using the IMF CPIS data on cross-border financial assets, I find that the share of equity in a bilateral portfolio decreases with bilateral trade.