Chesnay, Francois; Jondeau, Eric - In: Economic Notes 30 (2001) 1, pp. 53-80
type="main" xml:lang="en" <p>Correlations betwen international equity markets are often claimed to increase during periods of high volatility. Therefore the benefits of international diversification are reduced when they are most needed, i.e. during turbulent periods. This paper investigates the...</p>