Guidolin, Massimo (contributor); … - 2005
), Catholic University, Milan, Warwick Business School, and the World Congress of the Econometric
Society in London also provided … stocks at a time when
such stocks accounted for 54% of the world market capitalization.
1
This evidence is poorly understood …-kurtosis properties of US stocks with the world market portfolio make these
stocks attractive to domestic investors. Our approach follows …