Abstract
The past decade has been a period of globalization in the world’s investment markets. Access to international investment has broadened dramatically as barriers to cross-border investment have lifted. During the 1980’s many equity and debt markets around the world performed well, and none more so than those in emerging markets. Willingness by U.S. investors to diversify beyond their borders was based, in part, upon the availability of statistical information about the risk and return characteristics of these markets, as well as upon the increasing use of optimization models to manage portfolio risk and return.
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Goetzmann, W.N., Wachter, S.M. (2001). The Global Real Estate Crash: Evidence from an International Database. In: Brown, S.J., Liu, C.H. (eds) A Global Perspective on Real Estate Cycles. The New York University Salomon Center Series on Financial Markets and Institutions, vol 6. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-8642-9_2
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DOI: https://doi.org/10.1007/978-1-4419-8642-9_2
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