The Rise in Comovement Across National Stock Markets : Market Integration or Global Bubble? /
The degree of comovement across national stock markets has increased dramatically since the mid-1990s. This has overturned a stylized fact in the international portfolio diversification literature that diversifying across countries is more effective for risk reduction than diversifying across indust...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2002/147 |
| Accés en línia: | Full text available on IMF |