Financial Portfolios and Business Cycle Convergence: An International Comparative Study

A financial portfolio refers to the collection of financial assets owned by an investor or an organization. Government and corporate bonds, alternative assets, common stocks, and cash and cash equivalents are examples of these assets. Investors may have a single financial portfolio or a number of portfolios each with a particular purpose, depending on their investment goals. A business cycle is a series of downward and upward changes in the level of economic activity. Business cycle convergence (BCC) is one of the most important criteria in the process of monetary integration to create an optimal currency area. The importance of private investment for BCC is largely explained by the phenomenon of home bias and portfolio theory. This book is a compilation of chapters that discuss the most vital concepts and emerging trends in financial portfolios and business cycle convergence. It will serve as a valuable source of reference for graduate and postgraduate students. The topics included in this book on financial portfolios and business cycle convergence are of utmost significance and bound to provide incredible insights to readers.