A review of recent developments in international portfolio selection
AbstractThis review begins with a foundation for inspection of the potential gains from international diversification by citing the results of the seminal works in the area. From that point, the review examines recent ex-post studies, adaptation to currency risk, consideration of bond investment, the development of ex-ante strategies, and the consideration of market imperfections. The prevailing impression from this review is that international investment can potentially provide superior performance to solely domestic investment. However, it is a matter of developing the correct strategy to exploit the opportunities. Copyright Kluwer Academic Publishers 1993
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Bibliographic InfoArticle provided by Springer in its journal Open Economies Review.
Volume (Year): 4 (1993)
Issue (Month): 1 (March)
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Web page: http://www.springerlink.com/link.asp?id=100323
diversification; correlation; ex-ante strategies; currency risk; hedging;
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- Madura, Jeff, 1985. "International portfolio construction," Journal of Business Research, Elsevier, vol. 13(1), pages 87-95, February.
- Nahum Biger, 1979. "Exchange Risk Implications of International Portfolio Diversification," Journal of International Business Studies, Palgrave Macmillan, vol. 10(2), pages 63-74, June.
- Bracker, Kevin & Koch, Paul D., 1999. "Economic determinants of the correlation structure across international equity markets," Journal of Economics and Business, Elsevier, vol. 51(6), pages 443-471.
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