Portfolio diversification: alive and well in Euro-land!

Kpate Adjaoute and Jean-Pierre Danthine

Applied Financial Economics, 2004, vol. 14, issue 17, 1225-1231

Abstract: Diversification opportunities in Euro-land appear to have improved significantly since the advent of the euro, thus invalidating the prospects identified in the last years of the convergence-to-EMU period. Low frequency movements in the time series of return dispersions are identified suggestive of cycles and long swings in return correlations. The most recent post-euro period is clearly associated with an important upswing with return dispersions exceeding for the first time their peaks of the early 1990s.

Date: 2004
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Related works:
Working Paper: Portfolio Diversification: Alive and Well in Euroland! (2001)
Working Paper: Portfolio Diversification: Alive and Well in Euroland! (2001)
Working Paper: Portfolio Diversification: Alive and well In Euroland (2001)
Working Paper: Portfolio Diversification: Alive and well in Euroland ! (2001)
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DOI: 10.1080/0960310042000203028

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