The International Diversification Puzzle Is Worse Than You Think Marianne Baxter; Urban J. Jermann The American Economic Review, Vol. 87, No. 1. (Mar., 1997), pp. 170-180. Stable URL: http://links.jstor.org/sici?sici=0002-8282%28199703%2987%3A1%3C170%3ATIDPIW%3E2.0.CO%3B2-9 The American Economic Review is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/aea.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Tue Mar 27 12:42:13 2007
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The International Diversification Puzzle Is Worse Than You Think
Marianne Baxter; Urban J. Jermann
The American Economic Review, Vol. 87, No. 1. (Mar., 1997), pp. 170-180.
Stable URL:
http://links.jstor.org/sici?sici=0002-8282%28199703%2987%3A1%3C170%3ATIDPIW%3E2.0.CO%3B2-9
The American Economic Review is currently published by American Economic Association.
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.
Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/aea.html.
Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.
JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].
http://www.jstor.orgTue Mar 27 12:42:13 2007
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