Series: IMF Working Papers
Author(s): Robin Brooks , and Marco Del Negro
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2002
Keywords: Diversification, risk, country effects, stock market, stock markets, equity markets, stock market 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...