Moerman, Gerard A. - 2004
show
that Rouwenhorst’s (1999) conclusions seem to be outdated.
Keywords: EMU, euro area stock markets, portfolio … within a
country, seems to be outdated for the euro area stock markets.
24
ECB
Working Paper Series No. 327
April 2004 …. 327 / APRIL 2004
DIVERSIFICATION
IN EURO AREA
STOCK MARKETS:
COUNTRY VERSUS
INDUSTRY
1
by Gerard A. Moerman
2
1 …