International Asset Allocation with Time-Varying Correlations
收藏NBER1999-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7056
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资源简介：
It is widely believed that correlations between international equity markets tend to increase in highly volatile bear markets. This has led some to doubt the benefits of international diversification. This article solves the dynamic portfolio choice problem of a US investor faced with a time-varying
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
