The Impact of Diversification Opportunities in European Capital Markets
Research concerning the introduction of the single currency has tended to concentrate on the impact on macroeconomics issues and in the foreign exchange markets, with very little research examining the potential impact in the equity markets. In addition, those papers that have examined the issue have tended to do so from an institutional perspective. This study aims to examine, using two alternative methodological approaches, the potential impact of the euro on diversification opportunities within Europe.
KeywordsOptimal Portfolio Excess Return Industrial Structure Monetary Union Weighted Portfolio
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