, as they can develop their future investment plans to optimize the benefits of diversification. American, Asian, and …

crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock … Colombia we speculate that this reveals the impact on world financial markets of the demand for cocaine. …

would imply about the diversification potential across countries. For this purpose, I examine two basic groups of … group since this is the standard approach in the international diversification literature, while I study the second group … since some have argued that US-listed foreign stocks are the more natural diversification vehicle (Errunza et al (1999)). In …