                                   961

Robert E. Cumbyand Jack D. Glen, Evaluating the Performance of International Mutual
Funds, Journal of Finance, 45, no. 2 (June 1990). pp. 497-521.
Cheol S. Eun, Richard Kolodny, and Bruce G. Resnick, U.S.-Based International Mutual
Funds: A Performance Evaluation, Journal of Portfolio Management, 17, no. 3 (Spring

1991), pp. 88-94.

8.    1987 .    :

Richard Roll, The International Crash of October 1987, Financial Analysts Journal, 44,

no. 5 (September/October 1988), pp. 19-35.

Mervyn A. King and Sushil Wadhwani, Transmission of Volatility Between Stock Markets,

Review of Financial Studies, 3, no. 1 (1990), pp. 5-33.

Yasushi Hamao, Ronald W. Masulis, and Victor Ng, Correlations in Price Changes and

Volatility Across International Stock Markets, Review of Financial Studies, 3, no. 2 (1990),

pp. 281-307.

. Sherman Cheung and Clarence C. Y. Kwan, A Note on the Transmission of Public

Information Across International Stock Markets, Journal a/Banking and Finance, 16,

no. 4 (August 1992), pp. 831-837.

9.    ,    6,  
    :

W. Scott Bauman, Investment Research Analysis in an Emerging Market: Singapore and
Malaysia, Financial Analysts Journal, 45, no. 12 (November/December 1989),
pp. 60-67.

Jarrod W. Wilcox, Global Investing in Emerging Markets, Financial Analysts Journal, 48,

no. 1 (January/February 1992), pp. 15-19.

Warren Bailey and Joseph Lim, Evaluating the Diversification Benefits of the New Country

Funds, Journal of Portfolio Management, 18, no. 3 (Spring 1992), pp. 7480.

Arjun B. Divecha, Jamie Drach, and Dan Stefek, Emerging Markets: A Quantitative

Perspective, Journal of Portfolio Management, 18, no. 1 (Fall 1992), pp. 41-50.

10.       .  :

Richard Grinold, Andrew Rudd, and Dan Stefek, Global Factors: Fact or Fiction?,
Journal of Portfolio Management, 15, no. 1 (Fall 1989), pp. 79-88.
Martin Drummen and Heinz Zimmermann, The Structure of European Stock Returns,
Financial Analysts Journal, 48, no. 7 (July/August 1992), pp. 1526.

11.        ,
   ,   , .  :

Burton G. Malkiel, A Random Walk Down Wall Street (New York: W. W. Nonon, 1990),
pp. 304-309.

William M. Taylor, The Estimation of Quality-Adjusted Auction Returns with Varying
Transaction Intervals, Journal of Financial and Quantitative Analysis, 27, no. 1 (March

1992), pp. 131-142.

James E. Pesando, Art as an Investment: The Market for Modern Prints, American
Economic Review, 83, no. 5 (December 1993), pp. 1075-1089.
William N. Goetzmann, Accounting for Taste: Art and the Financial Markets Over Three
Centuries, American Economic Review, 83, no. 5 (December 1993), pp. 13701376.

12.    ,    27,    
    :

Colin Camerer, Does the Basketball Market Believe in Hot Hands?, American Economic
Review, 79, no. 5 (December 1989), pp. 1257-1261.