#  Equity Markets and Optimal Portfolio Diversification 

 



[*The Internationalization of Equity Markets*](http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/12757.ctl), [Introduction](http://hks.harvard.edu/fs/jfrankel/MYINTRO3.IEQ.PDF), [University of Chicago Press](http://www.press.uchicago.edu/), Chicago, 1994.

["The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market"](http://hks.harvard.edu/fs/jfrankel/CASEmethod.pdf) (with C. Engel, K. Froot, and A. Rodrigues), *[Journal of Empirical Finance](http://www.elsevier.com/homepage/sae/econworld/econbase/empfin/frame.htm)* 2, 1995, 3-18.

"Portfolio Crowding Out Empirically Estimated," [*Quarterly Journal of Economics*](http://www.jstor.org/journals/00335533.html) 100 (1985), 1041-1065.

"Portfolio Shares as `Beta-Breakers': A Test of CAPM," [*Journal of Portfolio Management*](http://www.iijournals.com/) 11, no. 4 (Summer 1985), 18-23.

"The Internationalization of Equity Markets: Introduction" in [*The Internationalization of Equity Markets*](http://www.press.uchicago.edu/cgi-bin/hfs.cgi/00/12757.ctl), J.Frankel, ed., the University of Chicago Press, Chicago, 1994.