Baumohl, Eduard Baumöhl; Lyócsa, Štefan - In: Czech Journal of Economics and Finance (Finance a uver) 64 (2014) 5, pp. 352-373
We analyze the risk-return characteristics of nine European emerging stock market indices over the period from January 2000 to December 2013. We show that (i) the return distances declined and structural breaks in this characteristic are sparse; (ii) distances between standard deviations are more...