downturns, to examine risk, return and diversification benefits of fine wine. Our research shows evidence that the wine market …, during the recent financial crisis these effects are most pronounced and improve portfolio diversification when it is most …

frontier markets in global equity portfolio diversification is clearly less examined. We contribute to the existing literature …

Diversification of financial securities is considered a substantial element of portfolio risk. In this context, the … individual portfolios and later compared to the hypothetical common equity index. The results show diversification benefits …35, FTSE MIB, and FTSE100. In contrast, DAX, MDAX, and CAC40 on average tend to be less diversified. The diversification …

Diversification practices by banks affect their own risk of failing and the risk of the banking system as a whole … (systemic risk). A seminal theoretical work has shown that linear diversification can reduce the risk of a bank failing, but at … for securitization with two tranches, by finding their corresponding optimal diversification solutions, and by discussing …

. The paper contributes to the debate shedding light on the controversial relation between risk-diversification and … setting and by a mean-field approximation the law of motion of the system's fragility is derived. We show that diversification …

crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock …