Eurozone stock returns co-movement: Some findings for portfolio managers and central bankers

• Authors: Radosław Kurach
• Languages of publication: EN

Abstracts

EN

In this paper we assess the level of country risk vs industry risk for the Eurozone national stock markets and the measure of dispersion is used to deliver the desired estimates. We find a significant and permanent increase in the level of country risk since the beginning of the recent global financial crisis. This conclusion may be important both for portfolio managers and monetary policymakers.

Keywords

EN

Diversification gains; EMU

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Business and Economic Horizons
• Year: 2011
• Volume: 5
• Issue: 2
• Pages: 1-12

Contributors

author

Radosław Kurach

• Business and Economic Horizons, redakce, Prague Development Center s.r.o., Bořivojova 1081 / 40, 130 00, Prague 3 - Žižkov, Czech Republic