risk averse, contributing to lack of diversity in domestic capital markets and limited provision of risk money to the world …

"This paper examines the impact of short-sale constraints on the magnitude of international diversification benefit for … U.S. investors during the period of 1976-1998. The diversification benefit is measured as the increase in expected …. Although short-sale constraints reduce the diversification benefit, we find that the reduction caused by the constraints on …

benefits from international diversification may enjoy investing marginally in cryptocurrencies: mean-variance optimal and naive … global perspectives (all returns in U.S. Dollars). We also find that cryptocurrencies' diversification benefits occur both …