Essec\Faculty\Model\Contribution {#2190
  #_index: "academ_contributions"
  #_id: "1395"
  #_source: array:26 [
    "id" => "1395"
    "slug" => "international-asset-allocation-a-new-perspective"
    "yearMonth" => "2003-01"
    "year" => "2003"
    "title" => "International Asset Allocation: A New Perspective"
    "description" => "LIOUI, A. et PONCET, P. (2003). International Asset Allocation: A New Perspective. <i>Journal of Banking & Finance</i>, pp. 2203-2230."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "PONCET Patrice"
        "bid" => "B00000430"
        "slug" => "poncet-patrice"
      ]
      1 => array:1 [
        "name" => "LIOUI A."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 17:55:06"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "2203-2230"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Dans une économie influencée par K variables d'état et dans laquelle la PPA est violée, la stratégie optimale de portefeuille d'un investisseur comprend, outre la partie spéculative habituelle, deux composantes de couverture seulement, quel que soit le nombre K. La première couvre contre le risque de taux domestiques et la seconde couvre contre le risque engendré par la co-variation entre les taux d'intérêt et les prix de marché du risque. Notre décomposition permet une mise en  oeuvre plus simple de la stratégie et conduit à une couverture indirecte du risque de change."
      "en" => "An individual's optimal portfolio strategy, in an international economy where PPP is violated and there are K state variables, is shown to contain in addition to the usual speculative component, only two hedging components, however large is K. The first one is associated with domestic interest rate risk and the second one with the risk brought about by the co-movements of interest rates and the market prices of risk. Our decomposition leads to an easier implementation of the strategy and to optimal (indirect) currency risk hedging."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-04-19T03:21:55.000Z"
    "docTitle" => "International Asset Allocation: A New Perspective"
    "docSurtitle" => "Journal articles"
    "authorNames" => "<a href="/cv/poncet-patrice">PONCET Patrice</a>, LIOUI A."
    "docDescription" => "<span class="document-property-authors">PONCET Patrice, LIOUI A.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2003</span>"
    "keywordList" => ""
    "docPreview" => "<b>International Asset Allocation: A New Perspective</b><br><span>2003-01 | Journal articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">International Asset Allocation: A New Perspective</a>"
  ]
  +lang: "en"
  +"_type": "_doc"
  +"_score": 8.77326
  +"parent": null
}