id	sid	tid	token	lemma	pos
issue-1191	1	1	baltic	baltic	PROPN
issue-1191	1	2	journal	journal	PROPN
issue-1191	1	3	of	of	ADP
issue-1191	1	4	economic	economic	ADJ
issue-1191	1	5	studies	study	NOUN
issue-1191	1	6	97	97	NUM
issue-1191	1	7	vol	vol	NOUN
issue-1191	1	8	.	.	PROPN
issue-1191	2	1	7	7	NUM
issue-1191	2	2	no	no	NOUN
issue-1191	2	3	.	.	NOUN
issue-1191	3	1	3	3	NUM
issue-1191	3	2	,	,	PUNCT
issue-1191	3	3	2021	2021	NUM
issue-1191	3	4	doi	doi	NOUN
issue-1191	3	5	:	:	PUNCT
issue-1191	3	6	https://doi.org/10.30525/2256-0742/2021-7-3-97-108	https://doi.org/10.30525/2256-0742/2021-7-3-97-108	PROPN
issue-1191	3	7	equity	equity	NOUN
issue-1191	3	8	markets	market	NOUN
issue-1191	3	9	risks	risk	NOUN
issue-1191	3	10	and	and	CCONJ
issue-1191	3	11	returns	return	NOUN
issue-1191	3	12	:	:	PUNCT
issue-1191	3	13	implications	implication	NOUN
issue-1191	3	14	for	for	ADP
issue-1191	3	15	global	global	ADJ
issue-1191	3	16	portfolio	portfolio	NOUN
issue-1191	3	17	capital	capital	NOUN
issue-1191	3	18	flows	flow	NOUN
issue-1191	3	19	during	during	ADP
issue-1191	3	20	pandemic	pandemic	ADJ
issue-1191	3	21	and	and	CCONJ
issue-1191	3	22	crisis	crisis	NOUN
issue-1191	3	23	periods	period	VERB
issue-1191	3	24	pavlo	pavlo	ADJ
issue-1191	3	25	dziuba1	dziuba1	PROPN
issue-1191	3	26	,	,	PUNCT
issue-1191	3	27	olena	olena	PROPN
issue-1191	3	28	pryiatelchuk2	pryiatelchuk2	PROPN
issue-1191	3	29	,	,	PUNCT
issue-1191	3	30	denys	denys	PROPN
issue-1191	3	31	rusak3	rusak3	PROPN
issue-1191	3	32	abstract	abstract	PROPN
issue-1191	3	33	.	.	PUNCT
issue-1191	4	1	the	the	DET
issue-1191	4	2	paper	paper	NOUN
issue-1191	4	3	is	be	AUX
issue-1191	4	4	devoted	devote	VERB
issue-1191	4	5	to	to	ADP
issue-1191	4	6	the	the	DET
issue-1191	4	7	study	study	NOUN
issue-1191	4	8	of	of	ADP
issue-1191	4	9	risk	risk	NOUN
issue-1191	4	10	and	and	CCONJ
issue-1191	4	11	return	return	VERB
issue-1191	4	12	tradeoff	tradeoff	NOUN
issue-1191	4	13	in	in	ADP
issue-1191	4	14	the	the	DET
issue-1191	4	15	global	global	ADJ
issue-1191	4	16	equity	equity	NOUN
issue-1191	4	17	market	market	NOUN
issue-1191	4	18	as	as	ADV
issue-1191	4	19	well	well	ADV
issue-1191	4	20	as	as	ADP
issue-1191	4	21	particular	particular	ADJ
issue-1191	4	22	market	market	NOUN
issue-1191	4	23	groups	group	NOUN
issue-1191	4	24	:	:	PUNCT
issue-1191	4	25	developed	develop	VERB
issue-1191	4	26	,	,	PUNCT
issue-1191	4	27	emerging	emerge	VERB
issue-1191	4	28	and	and	CCONJ
issue-1191	4	29	frontier	frontier	NOUN
issue-1191	4	30	markets	market	NOUN
issue-1191	4	31	.	.	PUNCT
issue-1191	5	1	impact	impact	NOUN
issue-1191	5	2	of	of	ADP
issue-1191	5	3	this	this	DET
issue-1191	5	4	tradeoff	tradeoff	NOUN
issue-1191	5	5	on	on	ADP
issue-1191	5	6	international	international	ADJ
issue-1191	5	7	equity	equity	NOUN
issue-1191	5	8	portfolio	portfolio	NOUN
issue-1191	5	9	liabilities	liability	NOUN
issue-1191	5	10	is	be	AUX
issue-1191	5	11	explored	explore	VERB
issue-1191	5	12	.	.	PUNCT
issue-1191	6	1	the	the	DET
issue-1191	6	2	study	study	NOUN
issue-1191	6	3	confirms	confirm	VERB
issue-1191	6	4	the	the	DET
issue-1191	6	5	hypothesis	hypothesis	NOUN
issue-1191	6	6	that	that	SCONJ
issue-1191	6	7	there	there	PRON
issue-1191	6	8	are	be	VERB
issue-1191	6	9	some	some	DET
issue-1191	6	10	specific	specific	ADJ
issue-1191	6	11	patterns	pattern	NOUN
issue-1191	6	12	of	of	ADP
issue-1191	6	13	risk	risk	NOUN
issue-1191	6	14	and	and	CCONJ
issue-1191	6	15	return	return	VERB
issue-1191	6	16	tradeoff	tradeoff	NOUN
issue-1191	6	17	during	during	ADP
issue-1191	6	18	crisis	crisis	NOUN
issue-1191	6	19	periods	period	NOUN
issue-1191	6	20	and	and	CCONJ
issue-1191	6	21	periods	period	NOUN
issue-1191	6	22	of	of	ADP
issue-1191	6	23	markets	market	NOUN
issue-1191	6	24	regular	regular	ADJ
issue-1191	6	25	regime	regime	NOUN
issue-1191	6	26	that	that	PRON
issue-1191	6	27	substantially	substantially	ADV
issue-1191	6	28	differ	differ	VERB
issue-1191	6	29	from	from	ADP
issue-1191	6	30	each	each	DET
issue-1191	6	31	other	other	ADJ
issue-1191	6	32	and	and	CCONJ
issue-1191	6	33	define	define	VERB
issue-1191	6	34	global	global	ADJ
issue-1191	6	35	portfolio	portfolio	NOUN
issue-1191	6	36	equity	equity	NOUN
issue-1191	6	37	flows	flow	NOUN
issue-1191	6	38	and	and	CCONJ
issue-1191	6	39	liabilities	liability	NOUN
issue-1191	6	40	in	in	ADP
issue-1191	6	41	a	a	DET
issue-1191	6	42	specific	specific	ADJ
issue-1191	6	43	way	way	NOUN
issue-1191	6	44	.	.	PUNCT
issue-1191	7	1	the	the	DET
issue-1191	7	2	paper	paper	NOUN
issue-1191	7	3	thus	thus	ADV
issue-1191	7	4	carries	carry	VERB
issue-1191	7	5	out	out	ADP
issue-1191	7	6	its	its	PRON
issue-1191	7	7	main	main	ADJ
issue-1191	7	8	objective	objective	NOUN
issue-1191	7	9	that	that	PRON
issue-1191	7	10	implies	imply	VERB
issue-1191	7	11	revealing	reveal	VERB
issue-1191	7	12	these	these	DET
issue-1191	7	13	patterns	pattern	NOUN
issue-1191	7	14	with	with	ADP
issue-1191	7	15	respective	respective	ADJ
issue-1191	7	16	qualitative	qualitative	ADJ
issue-1191	7	17	features	feature	NOUN
issue-1191	7	18	and	and	CCONJ
issue-1191	7	19	quantitative	quantitative	ADJ
issue-1191	7	20	markers	marker	NOUN
issue-1191	7	21	,	,	PUNCT
issue-1191	7	22	specifying	specify	VERB
issue-1191	7	23	their	their	PRON
issue-1191	7	24	implications	implication	NOUN
issue-1191	7	25	for	for	ADP
issue-1191	7	26	equity	equity	NOUN
issue-1191	7	27	portfolio	portfolio	NOUN
issue-1191	7	28	flows	flow	VERB
issue-1191	7	29	to	to	ADP
issue-1191	7	30	markets	market	NOUN
issue-1191	7	31	of	of	ADP
issue-1191	7	32	different	different	ADJ
issue-1191	7	33	types	type	NOUN
issue-1191	7	34	.	.	PUNCT
issue-1191	8	1	risks	risk	NOUN
issue-1191	8	2	and	and	CCONJ
issue-1191	8	3	returns	return	NOUN
issue-1191	8	4	for	for	ADP
issue-1191	8	5	different	different	ADJ
issue-1191	8	6	market	market	NOUN
issue-1191	8	7	groups	group	NOUN
issue-1191	8	8	and	and	CCONJ
issue-1191	8	9	global	global	ADJ
issue-1191	8	10	market	market	NOUN
issue-1191	8	11	as	as	ADP
issue-1191	8	12	a	a	DET
issue-1191	8	13	whole	whole	NOUN
issue-1191	8	14	are	be	AUX
issue-1191	8	15	calculated	calculate	VERB
issue-1191	8	16	for	for	ADP
issue-1191	8	17	the	the	DET
issue-1191	8	18	period	period	NOUN
issue-1191	8	19	between	between	ADP
issue-1191	8	20	2002	2002	NUM
issue-1191	8	21	and	and	CCONJ
issue-1191	8	22	2020	2020	NUM
issue-1191	8	23	using	use	VERB
issue-1191	8	24	standard	standard	ADJ
issue-1191	8	25	methodology	methodology	NOUN
issue-1191	8	26	of	of	ADP
issue-1191	8	27	contemporary	contemporary	PROPN
issue-1191	8	28	portfolio	portfolio	PROPN
issue-1191	8	29	theory	theory	NOUN
issue-1191	8	30	and	and	CCONJ
issue-1191	8	31	msci	msci	PROPN
issue-1191	8	32	indices	indice	VERB
issue-1191	8	33	monthly	monthly	ADJ
issue-1191	8	34	values	value	NOUN
issue-1191	8	35	.	.	PUNCT
issue-1191	9	1	the	the	DET
issue-1191	9	2	data	datum	NOUN
issue-1191	9	3	for	for	ADP
issue-1191	9	4	international	international	ADJ
issue-1191	9	5	equity	equity	NOUN
issue-1191	9	6	portfolio	portfolio	NOUN
issue-1191	9	7	liabilities	liability	NOUN
issue-1191	9	8	as	as	ADV
issue-1191	9	9	well	well	ADV
issue-1191	9	10	as	as	ADP
issue-1191	9	11	the	the	DET
issue-1191	9	12	share	share	NOUN
issue-1191	9	13	of	of	ADP
issue-1191	9	14	particular	particular	ADJ
issue-1191	9	15	market	market	NOUN
issue-1191	9	16	group	group	NOUN
issue-1191	9	17	in	in	ADP
issue-1191	9	18	the	the	DET
issue-1191	9	19	global	global	ADJ
issue-1191	9	20	market	market	NOUN
issue-1191	9	21	are	be	AUX
issue-1191	9	22	used	use	VERB
issue-1191	9	23	as	as	ADP
issue-1191	9	24	dependent	dependent	ADJ
issue-1191	9	25	variables	variable	NOUN
issue-1191	9	26	.	.	PUNCT
issue-1191	10	1	the	the	DET
issue-1191	10	2	latter	latter	ADJ
issue-1191	10	3	are	be	AUX
issue-1191	10	4	regressed	regress	VERB
issue-1191	10	5	by	by	ADP
issue-1191	10	6	calculated	calculate	VERB
issue-1191	10	7	risks	risk	NOUN
issue-1191	10	8	and	and	CCONJ
issue-1191	10	9	returns	return	NOUN
issue-1191	10	10	.	.	PUNCT
issue-1191	11	1	using	use	VERB
issue-1191	11	2	the	the	DET
issue-1191	11	3	model	model	NOUN
issue-1191	11	4	results	result	NOUN
issue-1191	11	5	and	and	CCONJ
issue-1191	11	6	some	some	DET
issue-1191	11	7	analytical	analytical	ADJ
issue-1191	11	8	developments	development	NOUN
issue-1191	11	9	,	,	PUNCT
issue-1191	11	10	two	two	NUM
issue-1191	11	11	patterns	pattern	NOUN
issue-1191	11	12	of	of	ADP
issue-1191	11	13	risk	risk	NOUN
issue-1191	11	14	/	/	SYM
issue-1191	11	15	return	return	NOUN
issue-1191	11	16	tradeoff	tradeoff	NOUN
issue-1191	11	17	are	be	AUX
issue-1191	11	18	discovered	discover	VERB
issue-1191	11	19	.	.	PUNCT
issue-1191	12	1	the	the	DET
issue-1191	12	2	pattern	pattern	NOUN
issue-1191	12	3	attributable	attributable	ADJ
issue-1191	12	4	to	to	ADP
issue-1191	12	5	regular	regular	ADJ
issue-1191	12	6	market	market	NOUN
issue-1191	12	7	regimes	regime	NOUN
issue-1191	12	8	is	be	AUX
issue-1191	12	9	characterized	characterize	VERB
issue-1191	12	10	by	by	ADP
issue-1191	12	11	positive	positive	ADJ
issue-1191	12	12	returns	return	NOUN
issue-1191	12	13	which	which	PRON
issue-1191	12	14	is	be	AUX
issue-1191	12	15	1.51	1.51	NUM
issue-1191	12	16	%	%	NOUN
issue-1191	12	17	in	in	ADP
issue-1191	12	18	average	average	NOUN
issue-1191	12	19	for	for	ADP
issue-1191	12	20	the	the	DET
issue-1191	12	21	global	global	ADJ
issue-1191	12	22	market	market	NOUN
issue-1191	12	23	,	,	PUNCT
issue-1191	12	24	1.48	1.48	NUM
issue-1191	12	25	%	%	NOUN
issue-1191	12	26	for	for	ADP
issue-1191	12	27	developed	develop	VERB
issue-1191	12	28	markets	market	NOUN
issue-1191	12	29	and	and	CCONJ
issue-1191	12	30	2.03	2.03	NUM
issue-1191	12	31	%	%	NOUN
issue-1191	12	32	for	for	ADP
issue-1191	12	33	emerging	emerge	VERB
issue-1191	12	34	markets	market	NOUN
issue-1191	12	35	.	.	PUNCT
issue-1191	13	1	risks	risk	NOUN
issue-1191	13	2	in	in	ADP
issue-1191	13	3	regular	regular	ADJ
issue-1191	13	4	pattern	pattern	NOUN
issue-1191	13	5	are	be	AUX
issue-1191	13	6	relatively	relatively	ADV
issue-1191	13	7	small	small	ADJ
issue-1191	13	8	or	or	CCONJ
issue-1191	13	9	moderate	moderate	ADJ
issue-1191	13	10	at	at	ADP
issue-1191	13	11	the	the	DET
issue-1191	13	12	average	average	ADJ
issue-1191	13	13	level	level	NOUN
issue-1191	13	14	of	of	ADP
issue-1191	13	15	3.05	3.05	NUM
issue-1191	13	16	for	for	ADP
issue-1191	13	17	the	the	DET
issue-1191	13	18	global	global	ADJ
issue-1191	13	19	market	market	NOUN
issue-1191	13	20	and	and	CCONJ
issue-1191	13	21	are	be	AUX
issue-1191	13	22	all	all	ADV
issue-1191	13	23	below	below	ADP
issue-1191	13	24	the	the	DET
issue-1191	13	25	median	median	NOUN
issue-1191	13	26	(	(	PUNCT
issue-1191	13	27	3.48	3.48	NUM
issue-1191	13	28	)	)	PUNCT
issue-1191	13	29	.	.	PUNCT
issue-1191	14	1	respective	respective	ADJ
issue-1191	14	2	risks	risk	NOUN
issue-1191	14	3	for	for	ADP
issue-1191	14	4	developed	developed	ADJ
issue-1191	14	5	and	and	CCONJ
issue-1191	14	6	emerging	emerge	VERB
issue-1191	14	7	markets	market	NOUN
issue-1191	14	8	are	be	AUX
issue-1191	14	9	3.02	3.02	NUM
issue-1191	14	10	and	and	CCONJ
issue-1191	14	11	4.54	4.54	NUM
issue-1191	14	12	.	.	PUNCT
issue-1191	15	1	the	the	DET
issue-1191	15	2	sharpe	sharpe	PROPN
issue-1191	15	3	ratios	ratio	NOUN
issue-1191	15	4	in	in	ADP
issue-1191	15	5	regular	regular	ADJ
issue-1191	15	6	pattern	pattern	NOUN
issue-1191	15	7	are	be	AUX
issue-1191	15	8	positive	positive	ADJ
issue-1191	15	9	at	at	ADP
issue-1191	15	10	the	the	DET
issue-1191	15	11	average	average	ADJ
issue-1191	15	12	level	level	NOUN
issue-1191	15	13	of	of	ADP
issue-1191	15	14	0.60	0.60	NUM
issue-1191	15	15	for	for	ADP
issue-1191	15	16	the	the	DET
issue-1191	15	17	global	global	ADJ
issue-1191	15	18	market	market	NOUN
issue-1191	15	19	,	,	PUNCT
issue-1191	15	20	0.57	0.57	NUM
issue-1191	15	21	and	and	CCONJ
issue-1191	15	22	0.45	0.45	NUM
issue-1191	15	23	for	for	ADP
issue-1191	15	24	developed	developed	ADJ
issue-1191	15	25	and	and	CCONJ
issue-1191	15	26	emerging	emerge	VERB
issue-1191	15	27	market	market	NOUN
issue-1191	15	28	groups	group	NOUN
issue-1191	15	29	respectively	respectively	ADV
issue-1191	15	30	.	.	PUNCT
issue-1191	16	1	the	the	DET
issue-1191	16	2	crisis	crisis	NOUN
issue-1191	16	3	pattern	pattern	NOUN
issue-1191	16	4	implies	imply	VERB
issue-1191	16	5	negative	negative	ADJ
issue-1191	16	6	returns	return	NOUN
issue-1191	16	7	at	at	ADP
issue-1191	16	8	the	the	DET
issue-1191	16	9	mean	mean	NOUN
issue-1191	16	10	of	of	ADP
issue-1191	16	11	-1.04	-1.04	NOUN
issue-1191	16	12	for	for	ADP
issue-1191	16	13	the	the	DET
issue-1191	16	14	global	global	ADJ
issue-1191	16	15	market	market	NOUN
issue-1191	16	16	,	,	PUNCT
issue-1191	16	17	-0.97	-0.97	NOUN
issue-1191	16	18	for	for	ADP
issue-1191	16	19	the	the	DET
issue-1191	16	20	developed	develop	VERB
issue-1191	16	21	group	group	NOUN
issue-1191	16	22	and	and	CCONJ
issue-1191	16	23	-1.35	-1.35	NOUN
issue-1191	16	24	for	for	ADP
issue-1191	16	25	the	the	DET
issue-1191	16	26	emerging	emerge	VERB
issue-1191	16	27	markets	market	NOUN
issue-1191	16	28	.	.	PUNCT
issue-1191	17	1	high	high	ADJ
issue-1191	17	2	risks	risk	NOUN
issue-1191	17	3	are	be	AUX
issue-1191	17	4	all	all	ADV
issue-1191	17	5	above	above	ADP
issue-1191	17	6	the	the	DET
issue-1191	17	7	median	median	NOUN
issue-1191	17	8	and	and	CCONJ
issue-1191	17	9	in	in	ADP
issue-1191	17	10	average	average	ADJ
issue-1191	17	11	compile	compile	NOUN
issue-1191	17	12	5.5	5.5	NUM
issue-1191	17	13	for	for	ADP
issue-1191	17	14	the	the	DET
issue-1191	17	15	global	global	ADJ
issue-1191	17	16	market	market	NOUN
issue-1191	17	17	,	,	PUNCT
issue-1191	17	18	5.47	5.47	NUM
issue-1191	17	19	for	for	ADP
issue-1191	17	20	the	the	DET
issue-1191	17	21	developed	develop	VERB
issue-1191	17	22	markets	market	NOUN
issue-1191	17	23	and	and	CCONJ
issue-1191	17	24	6.68	6.68	NUM
issue-1191	17	25	for	for	ADP
issue-1191	17	26	the	the	DET
issue-1191	17	27	emerging	emerge	VERB
issue-1191	17	28	group	group	NOUN
issue-1191	17	29	.	.	PUNCT
issue-1191	18	1	sharpe	sharpe	PROPN
issue-1191	18	2	ratios	ratio	NOUN
issue-1191	18	3	for	for	ADP
issue-1191	18	4	this	this	DET
issue-1191	18	5	pattern	pattern	NOUN
issue-1191	18	6	are	be	AUX
issue-1191	18	7	negative	negative	ADJ
issue-1191	18	8	being	be	AUX
issue-1191	18	9	equal	equal	ADJ
issue-1191	18	10	to	to	ADP
issue-1191	18	11	-0.19	-0.19	NOUN
issue-1191	18	12	in	in	ADP
issue-1191	18	13	the	the	DET
issue-1191	18	14	mean	mean	NOUN
issue-1191	18	15	.	.	PUNCT
issue-1191	19	1	the	the	DET
issue-1191	19	2	average	average	ADJ
issue-1191	19	3	value	value	NOUN
issue-1191	19	4	is	be	AUX
issue-1191	19	5	-0.18	-0.18	NUM
issue-1191	19	6	for	for	ADP
issue-1191	19	7	developed	develop	VERB
issue-1191	19	8	markets	market	NOUN
issue-1191	19	9	and	and	CCONJ
issue-1191	19	10	it	it	PRON
issue-1191	19	11	is	be	AUX
issue-1191	19	12	-0.24	-0.24	ADJ
issue-1191	19	13	for	for	ADP
issue-1191	19	14	emerging	emerge	VERB
issue-1191	19	15	markets	market	NOUN
issue-1191	19	16	.	.	PUNCT
issue-1191	20	1	specific	specific	ADJ
issue-1191	20	2	pattern	pattern	NOUN
issue-1191	20	3	of	of	ADP
issue-1191	20	4	2020	2020	NUM
issue-1191	20	5	crisis	crisis	NOUN
issue-1191	20	6	should	should	AUX
issue-1191	20	7	be	be	AUX
issue-1191	20	8	settled	settle	VERB
issue-1191	20	9	out	out	ADP
issue-1191	20	10	.	.	PUNCT
issue-1191	21	1	its	its	PRON
issue-1191	21	2	main	main	ADJ
issue-1191	21	3	feature	feature	NOUN
issue-1191	21	4	that	that	PRON
issue-1191	21	5	substantially	substantially	ADV
issue-1191	21	6	distinguishes	distinguish	VERB
issue-1191	21	7	it	it	PRON
issue-1191	21	8	from	from	ADP
issue-1191	21	9	other	other	ADJ
issue-1191	21	10	crises	crisis	NOUN
issue-1191	21	11	is	be	AUX
issue-1191	21	12	the	the	DET
issue-1191	21	13	combination	combination	NOUN
issue-1191	21	14	of	of	ADP
issue-1191	21	15	highest	high	ADJ
issue-1191	21	16	risk	risk	NOUN
issue-1191	21	17	level	level	NOUN
issue-1191	21	18	and	and	CCONJ
issue-1191	21	19	the	the	DET
issue-1191	21	20	positive	positive	ADJ
issue-1191	21	21	returns	return	NOUN
issue-1191	21	22	at	at	ADP
issue-1191	21	23	the	the	DET
issue-1191	21	24	same	same	ADJ
issue-1191	21	25	time	time	NOUN
issue-1191	21	26	.	.	PUNCT
issue-1191	22	1	elaborated	elaborate	VERB
issue-1191	22	2	regression	regression	NOUN
issue-1191	22	3	model	model	NOUN
issue-1191	22	4	confirms	confirm	VERB
issue-1191	22	5	the	the	DET
issue-1191	22	6	direct	direct	ADJ
issue-1191	22	7	impact	impact	NOUN
issue-1191	22	8	of	of	ADP
issue-1191	22	9	return	return	NOUN
issue-1191	22	10	and	and	CCONJ
issue-1191	22	11	indirect	indirect	ADJ
issue-1191	22	12	impact	impact	NOUN
issue-1191	22	13	of	of	ADP
issue-1191	22	14	risk	risk	NOUN
issue-1191	22	15	on	on	ADP
issue-1191	22	16	global	global	ADJ
issue-1191	22	17	portfolio	portfolio	NOUN
issue-1191	22	18	liabilities	liability	NOUN
issue-1191	22	19	.	.	PUNCT
issue-1191	23	1	the	the	DET
issue-1191	23	2	influence	influence	NOUN
issue-1191	23	3	of	of	ADP
issue-1191	23	4	risk	risk	NOUN
issue-1191	23	5	for	for	ADP
issue-1191	23	6	regular	regular	ADJ
issue-1191	23	7	and	and	CCONJ
issue-1191	23	8	crisis	crisis	NOUN
issue-1191	23	9	patterns	pattern	NOUN
issue-1191	23	10	does	do	AUX
issue-1191	23	11	not	not	PART
issue-1191	23	12	differ	differ	VERB
issue-1191	23	13	substantially	substantially	ADV
issue-1191	23	14	while	while	SCONJ
issue-1191	23	15	the	the	DET
issue-1191	23	16	impact	impact	NOUN
issue-1191	23	17	of	of	ADP
issue-1191	23	18	return	return	NOUN
issue-1191	23	19	is	be	AUX
issue-1191	23	20	much	much	ADV
issue-1191	23	21	stronger	strong	ADJ
issue-1191	23	22	during	during	ADP
issue-1191	23	23	periods	period	NOUN
issue-1191	23	24	of	of	ADP
issue-1191	23	25	increased	increase	VERB
issue-1191	23	26	volatility	volatility	NOUN
issue-1191	23	27	(	(	PUNCT
issue-1191	23	28	respective	respective	ADJ
issue-1191	23	29	model	model	NOUN
issue-1191	23	30	parameters	parameter	NOUN
issue-1191	23	31	are	be	AUX
issue-1191	23	32	3793.76	3793.76	NUM
issue-1191	23	33	and	and	CCONJ
issue-1191	23	34	447.24	447.24	NUM
issue-1191	23	35	)	)	PUNCT
issue-1191	23	36	.	.	PUNCT
issue-1191	24	1	however	however	ADV
issue-1191	24	2	,	,	PUNCT
issue-1191	24	3	the	the	DET
issue-1191	24	4	discovered	discover	VERB
issue-1191	24	5	impact	impact	NOUN
issue-1191	24	6	is	be	AUX
issue-1191	24	7	much	much	ADV
issue-1191	24	8	more	more	ADV
issue-1191	24	9	reliable	reliable	ADJ
issue-1191	24	10	in	in	ADP
issue-1191	24	11	crisis	crisis	NOUN
issue-1191	24	12	pattern	pattern	NOUN
issue-1191	24	13	that	that	PRON
issue-1191	24	14	is	be	AUX
issue-1191	24	15	supported	support	VERB
issue-1191	24	16	by	by	ADP
issue-1191	24	17	much	much	ADV
issue-1191	24	18	higher	high	ADJ
issue-1191	24	19	determination	determination	NOUN
issue-1191	24	20	ratio	ratio	NOUN
issue-1191	24	21	.	.	PUNCT
issue-1191	25	1	developed	develop	VERB
issue-1191	25	2	markets	market	NOUN
issue-1191	25	3	experience	experience	VERB
issue-1191	25	4	similar	similar	ADJ
issue-1191	25	5	effects	effect	NOUN
issue-1191	25	6	.	.	PUNCT
issue-1191	26	1	key	key	ADJ
issue-1191	26	2	words	word	NOUN
issue-1191	26	3	:	:	PUNCT
issue-1191	26	4	international	international	ADJ
issue-1191	26	5	(	(	PUNCT
issue-1191	26	6	equity	equity	NOUN
issue-1191	26	7	)	)	PUNCT
issue-1191	26	8	portfolio	portfolio	NOUN
issue-1191	26	9	liabilities	liability	NOUN
issue-1191	26	10	,	,	PUNCT
issue-1191	26	11	risk	risk	NOUN
issue-1191	26	12	,	,	PUNCT
issue-1191	26	13	return	return	NOUN
issue-1191	26	14	,	,	PUNCT
issue-1191	26	15	risk	risk	NOUN
issue-1191	26	16	/	/	SYM
issue-1191	26	17	return	return	NOUN
issue-1191	26	18	tradeoff	tradeoff	NOUN
issue-1191	26	19	,	,	PUNCT
issue-1191	26	20	increased	increase	VERB
issue-1191	26	21	volatility	volatility	NOUN
issue-1191	26	22	,	,	PUNCT
issue-1191	26	23	developed	develop	VERB
issue-1191	26	24	markets	market	NOUN
issue-1191	26	25	,	,	PUNCT
issue-1191	26	26	emerging	emerge	VERB
issue-1191	26	27	markets	market	NOUN
issue-1191	26	28	,	,	PUNCT
issue-1191	26	29	frontier	frontier	NOUN
issue-1191	26	30	markets	market	NOUN
issue-1191	26	31	,	,	PUNCT
issue-1191	26	32	covid	covid	PROPN
issue-1191	26	33	crisis	crisis	NOUN
issue-1191	26	34	.	.	PUNCT
issue-1191	27	1	jel	jel	PROPN
issue-1191	27	2	classification	classification	PROPN
issue-1191	27	3	:	:	PUNCT
issue-1191	27	4	f21	f21	PROPN
issue-1191	27	5	,	,	PUNCT
issue-1191	27	6	f37	f37	NOUN
issue-1191	27	7	,	,	PUNCT
issue-1191	27	8	g11	g11	PROPN
issue-1191	27	9	,	,	PUNCT
issue-1191	27	10	g15	g15	PROPN
issue-1191	27	11	,	,	PUNCT
issue-1191	27	12	c46	c46	PROPN
issue-1191	27	13	corresponding	correspond	VERB
issue-1191	27	14	author	author	NOUN
issue-1191	27	15	:	:	PUNCT
issue-1191	27	16	1	1	NUM
issue-1191	27	17	taras	taras	PROPN
issue-1191	27	18	shevchenko	shevchenko	PROPN
issue-1191	27	19	national	national	PROPN
issue-1191	27	20	university	university	PROPN
issue-1191	27	21	of	of	ADP
issue-1191	27	22	kyiv	kyiv	PROPN
issue-1191	27	23	,	,	PUNCT
issue-1191	27	24	ukraine	ukraine	NOUN
issue-1191	27	25	.	.	PUNCT
issue-1191	28	1	e	e	X
issue-1191	28	2	-	-	NOUN
issue-1191	28	3	mail	mail	NOUN
issue-1191	28	4	:	:	PUNCT
issue-1191	28	5	pavlo.dziuba@gmail.com	pavlo.dziuba@gmail.com	X
issue-1191	28	6	orcid	orcid	NOUN
issue-1191	28	7	:	:	PUNCT
issue-1191	28	8	https://orcid.org/0000-0003-2932-0908	https://orcid.org/0000-0003-2932-0908	ADJ
issue-1191	28	9	2	2	NUM
issue-1191	28	10	taras	taras	PROPN
issue-1191	28	11	shevchenko	shevchenko	PROPN
issue-1191	28	12	national	national	PROPN
issue-1191	28	13	university	university	PROPN
issue-1191	28	14	of	of	ADP
issue-1191	28	15	kyiv	kyiv	PROPN
issue-1191	28	16	,	,	PUNCT
issue-1191	28	17	ukraine	ukraine	NOUN
issue-1191	28	18	.	.	PUNCT
issue-1191	29	1	e	e	X
issue-1191	29	2	-	-	NOUN
issue-1191	29	3	mail	mail	NOUN
issue-1191	29	4	:	:	PUNCT
issue-1191	29	5	pryyatelchuk@gmail.com	pryyatelchuk@gmail.com	X
issue-1191	30	1	orcid	orcid	NOUN
issue-1191	30	2	:	:	PUNCT
issue-1191	30	3	https://orcid.org/0000-0002-5222-452x	https://orcid.org/0000-0002-5222-452x	NOUN
issue-1191	30	4	researcherid	researcherid	NOUN
issue-1191	30	5	:	:	PUNCT
issue-1191	30	6	i-1126	i-1126	NOUN
issue-1191	30	7	-	-	PUNCT
issue-1191	30	8	2018	2018	NUM
issue-1191	30	9	3	3	NUM
issue-1191	30	10	taras	taras	PROPN
issue-1191	30	11	shevchenko	shevchenko	PROPN
issue-1191	30	12	national	national	PROPN
issue-1191	30	13	university	university	PROPN
issue-1191	30	14	of	of	ADP
issue-1191	30	15	kyiv	kyiv	PROPN
issue-1191	30	16	,	,	PUNCT
issue-1191	30	17	ukraine	ukraine	NOUN
issue-1191	30	18	.	.	PUNCT
issue-1191	31	1	e	e	X
issue-1191	31	2	-	-	NOUN
issue-1191	31	3	mail	mail	NOUN
issue-1191	31	4	:	:	PUNCT
issue-1191	31	5	derusak@ukr.net	derusak@ukr.net	ADJ
issue-1191	31	6	orcid	orcid	NOUN
issue-1191	31	7	:	:	PUNCT
issue-1191	31	8	https://orcid.org/0000-0001-6603-0761	https://orcid.org/0000-0001-6603-0761	PROPN
issue-1191	31	9	baltic	baltic	ADJ
issue-1191	31	10	journal	journal	PROPN
issue-1191	31	11	of	of	ADP
issue-1191	31	12	economic	economic	ADJ
issue-1191	31	13	studies	study	NOUN
issue-1191	31	14	98	98	NUM
issue-1191	31	15	vol	vol	NOUN
issue-1191	31	16	.	.	PUNCT
issue-1191	32	1	7	7	NUM
issue-1191	32	2	,	,	PUNCT
issue-1191	32	3	no	no	INTJ
issue-1191	32	4	.	.	NOUN
issue-1191	32	5	3	3	NUM
issue-1191	32	6	,	,	PUNCT
issue-1191	32	7	2021	2021	NUM
issue-1191	32	8	1	1	NUM
issue-1191	32	9	.	.	PUNCT
issue-1191	33	1	introduction	introduction	NOUN
issue-1191	33	2	global	global	PROPN
issue-1191	33	3	portfolio	portfolio	PROPN
issue-1191	33	4	capital	capital	PROPN
issue-1191	33	5	flows	flow	NOUN
issue-1191	33	6	have	have	AUX
issue-1191	33	7	traditionally	traditionally	ADV
issue-1191	33	8	proved	prove	VERB
issue-1191	33	9	themselves	themselves	PRON
issue-1191	33	10	to	to	PART
issue-1191	33	11	be	be	AUX
issue-1191	33	12	very	very	ADV
issue-1191	33	13	sensitive	sensitive	ADJ
issue-1191	33	14	to	to	ADP
issue-1191	33	15	different	different	ADJ
issue-1191	33	16	fluctuations	fluctuation	NOUN
issue-1191	33	17	in	in	ADP
issue-1191	33	18	international	international	ADJ
issue-1191	33	19	financial	financial	ADJ
issue-1191	33	20	markets	market	NOUN
issue-1191	33	21	,	,	PUNCT
issue-1191	33	22	to	to	ADP
issue-1191	33	23	specific	specific	ADJ
issue-1191	33	24	shocks	shock	NOUN
issue-1191	33	25	and	and	CCONJ
issue-1191	33	26	turmoil	turmoil	NOUN
issue-1191	33	27	in	in	ADP
issue-1191	33	28	the	the	DET
issue-1191	33	29	global	global	ADJ
issue-1191	33	30	economy	economy	NOUN
issue-1191	33	31	,	,	PUNCT
issue-1191	33	32	as	as	ADV
issue-1191	33	33	well	well	ADV
issue-1191	33	34	as	as	ADP
issue-1191	33	35	to	to	PART
issue-1191	33	36	particular	particular	ADJ
issue-1191	33	37	unexpected	unexpected	ADJ
issue-1191	33	38	shifts	shift	NOUN
issue-1191	33	39	in	in	ADP
issue-1191	33	40	business	business	NOUN
issue-1191	33	41	environment	environment	NOUN
issue-1191	33	42	.	.	PUNCT
issue-1191	34	1	unlike	unlike	ADP
issue-1191	34	2	foreign	foreign	ADJ
issue-1191	34	3	direct	direct	ADJ
issue-1191	34	4	investments	investment	NOUN
issue-1191	34	5	they	they	PRON
issue-1191	34	6	rapidly	rapidly	ADV
issue-1191	34	7	respond	respond	VERB
issue-1191	34	8	to	to	ADP
issue-1191	34	9	all	all	DET
issue-1191	34	10	mentioned	mention	VERB
issue-1191	34	11	changes	change	NOUN
issue-1191	34	12	and	and	CCONJ
issue-1191	34	13	can	can	AUX
issue-1191	34	14	be	be	AUX
issue-1191	34	15	quickly	quickly	ADV
issue-1191	34	16	shifted	shift	VERB
issue-1191	34	17	from	from	ADP
issue-1191	34	18	one	one	NUM
issue-1191	34	19	market	market	NOUN
issue-1191	34	20	to	to	ADP
issue-1191	34	21	another	another	PRON
issue-1191	34	22	,	,	PUNCT
issue-1191	34	23	providing	provide	VERB
issue-1191	34	24	,	,	PUNCT
issue-1191	34	25	on	on	ADP
issue-1191	34	26	the	the	DET
issue-1191	34	27	one	one	NUM
issue-1191	34	28	hand	hand	NOUN
issue-1191	34	29	,	,	PUNCT
issue-1191	34	30	markets	market	VERB
issue-1191	34	31	liquidity	liquidity	NOUN
issue-1191	34	32	and	and	CCONJ
issue-1191	34	33	on	on	ADP
issue-1191	34	34	the	the	DET
issue-1191	34	35	other	other	ADJ
issue-1191	34	36	hand	hand	NOUN
issue-1191	34	37	,	,	PUNCT
issue-1191	34	38	international	international	ADJ
issue-1191	34	39	capital	capital	NOUN
issue-1191	34	40	movement	movement	NOUN
issue-1191	34	41	.	.	PUNCT
issue-1191	35	1	therefore	therefore	ADV
issue-1191	35	2	,	,	PUNCT
issue-1191	35	3	portfolio	portfolio	NOUN
issue-1191	35	4	flows	flow	NOUN
issue-1191	35	5	represent	represent	VERB
issue-1191	35	6	the	the	DET
issue-1191	35	7	most	most	ADV
issue-1191	35	8	mobile	mobile	ADJ
issue-1191	35	9	element	element	NOUN
issue-1191	35	10	of	of	ADP
issue-1191	35	11	global	global	ADJ
issue-1191	35	12	capital	capital	NOUN
issue-1191	35	13	flows	flow	VERB
issue-1191	35	14	.	.	PUNCT
issue-1191	36	1	at	at	ADP
issue-1191	36	2	the	the	DET
issue-1191	36	3	same	same	ADJ
issue-1191	36	4	time	time	NOUN
issue-1191	36	5	such	such	ADJ
issue-1191	36	6	flows	flow	NOUN
issue-1191	36	7	result	result	VERB
issue-1191	36	8	from	from	ADP
issue-1191	36	9	particular	particular	ADJ
issue-1191	36	10	decisions	decision	NOUN
issue-1191	36	11	of	of	ADP
issue-1191	36	12	particular	particular	ADJ
issue-1191	36	13	international	international	ADJ
issue-1191	36	14	investors	investor	NOUN
issue-1191	36	15	that	that	SCONJ
issue-1191	36	16	in	in	ADP
issue-1191	36	17	turn	turn	NOUN
issue-1191	36	18	ground	ground	NOUN
issue-1191	36	19	on	on	ADP
issue-1191	36	20	three	three	NUM
issue-1191	36	21	basic	basic	ADJ
issue-1191	36	22	factors	factor	NOUN
issue-1191	36	23	of	of	ADP
issue-1191	36	24	portfolio	portfolio	NOUN
issue-1191	36	25	decision	decision	NOUN
issue-1191	36	26	making	making	NOUN
issue-1191	36	27	:	:	PUNCT
issue-1191	36	28	risk	risk	NOUN
issue-1191	36	29	,	,	PUNCT
issue-1191	36	30	return	return	NOUN
issue-1191	36	31	and	and	CCONJ
issue-1191	36	32	investor	investor	NOUN
issue-1191	36	33	’s	’s	PART
issue-1191	36	34	risk	risk	NOUN
issue-1191	36	35	tolerance	tolerance	NOUN
issue-1191	36	36	.	.	PUNCT
issue-1191	37	1	in	in	ADP
issue-1191	37	2	the	the	DET
issue-1191	37	3	present	present	ADJ
issue-1191	37	4	study	study	NOUN
issue-1191	37	5	we	we	PRON
issue-1191	37	6	are	be	AUX
issue-1191	37	7	not	not	PART
issue-1191	37	8	going	go	VERB
issue-1191	37	9	to	to	PART
issue-1191	37	10	consider	consider	VERB
issue-1191	37	11	such	such	ADJ
issue-1191	37	12	higher	high	ADJ
issue-1191	37	13	order	order	NOUN
issue-1191	37	14	investment	investment	NOUN
issue-1191	37	15	moments	moment	NOUN
issue-1191	37	16	skewness	skewness	NOUN
issue-1191	37	17	and	and	CCONJ
issue-1191	37	18	kurtosis	kurtosis	NOUN
issue-1191	37	19	as	as	ADV
issue-1191	37	20	well	well	ADV
issue-1191	37	21	as	as	ADP
issue-1191	37	22	interrelation	interrelation	NOUN
issue-1191	37	23	between	between	ADP
issue-1191	37	24	returns	return	NOUN
issue-1191	37	25	under	under	ADP
issue-1191	37	26	question	question	NOUN
issue-1191	37	27	since	since	SCONJ
issue-1191	37	28	they	they	PRON
issue-1191	37	29	would	would	AUX
issue-1191	37	30	rather	rather	ADV
issue-1191	37	31	require	require	VERB
issue-1191	37	32	specific	specific	ADJ
issue-1191	37	33	attention	attention	NOUN
issue-1191	37	34	in	in	ADP
issue-1191	37	35	a	a	DET
issue-1191	37	36	stand	stand	VERB
issue-1191	37	37	-	-	PUNCT
issue-1191	37	38	alone	alone	ADJ
issue-1191	37	39	research	research	NOUN
issue-1191	37	40	.	.	PUNCT
issue-1191	38	1	good	good	ADJ
issue-1191	38	2	theoretical	theoretical	ADJ
issue-1191	38	3	analysis	analysis	NOUN
issue-1191	38	4	and	and	CCONJ
issue-1191	38	5	empirical	empirical	ADJ
issue-1191	38	6	insights	insight	NOUN
issue-1191	38	7	of	of	ADP
issue-1191	38	8	this	this	DET
issue-1191	38	9	issue	issue	NOUN
issue-1191	38	10	based	base	VERB
issue-1191	38	11	on	on	ADP
issue-1191	38	12	contemporary	contemporary	ADJ
issue-1191	38	13	data	datum	NOUN
issue-1191	38	14	and	and	CCONJ
issue-1191	38	15	particular	particular	ADJ
issue-1191	38	16	cases	case	NOUN
issue-1191	38	17	are	be	AUX
issue-1191	38	18	provided	provide	VERB
issue-1191	38	19	by	by	ADP
issue-1191	38	20	kim	kim	PROPN
issue-1191	38	21	et	et	PROPN
issue-1191	38	22	al	al	PROPN
issue-1191	38	23	.	.	PROPN
issue-1191	39	1	(	(	PUNCT
issue-1191	39	2	2014	2014	NUM
issue-1191	39	3	)	)	PUNCT
issue-1191	40	1	,	,	PUNCT
issue-1191	40	2	mei	mei	PROPN
issue-1191	40	3	et	et	PROPN
issue-1191	40	4	al	al	PROPN
issue-1191	40	5	.	.	PROPN
issue-1191	40	6	(	(	PUNCT
issue-1191	40	7	2017	2017	NUM
issue-1191	40	8	)	)	PUNCT
issue-1191	40	9	,	,	PUNCT
issue-1191	40	10	rogach	rogach	NOUN
issue-1191	40	11	,	,	PUNCT
issue-1191	40	12	shnyrkov	shnyrkov	PROPN
issue-1191	40	13	&	&	CCONJ
issue-1191	40	14	dziuba	dziuba	PROPN
issue-1191	40	15	(	(	PUNCT
issue-1191	40	16	2019	2019	NUM
issue-1191	40	17	)	)	PUNCT
issue-1191	40	18	and	and	CCONJ
issue-1191	40	19	others	other	NOUN
issue-1191	40	20	.	.	PUNCT
issue-1191	41	1	thus	thus	ADV
issue-1191	41	2	,	,	PUNCT
issue-1191	41	3	our	our	PRON
issue-1191	41	4	main	main	ADJ
issue-1191	41	5	focus	focus	NOUN
issue-1191	41	6	will	will	AUX
issue-1191	41	7	lie	lie	VERB
issue-1191	41	8	on	on	ADP
issue-1191	41	9	risk	risk	NOUN
issue-1191	41	10	and	and	CCONJ
issue-1191	41	11	return	return	VERB
issue-1191	41	12	in	in	ADP
issue-1191	41	13	different	different	ADJ
issue-1191	41	14	markets	market	NOUN
issue-1191	41	15	and	and	CCONJ
issue-1191	41	16	market	market	NOUN
issue-1191	41	17	groups	group	NOUN
issue-1191	41	18	,	,	PUNCT
issue-1191	41	19	their	their	PRON
issue-1191	41	20	dynamics	dynamic	NOUN
issue-1191	41	21	and	and	CCONJ
issue-1191	41	22	particular	particular	ADJ
issue-1191	41	23	changes	change	NOUN
issue-1191	41	24	during	during	ADP
issue-1191	41	25	periods	period	NOUN
issue-1191	41	26	of	of	ADP
issue-1191	41	27	instability	instability	NOUN
issue-1191	41	28	especially	especially	ADV
issue-1191	41	29	during	during	ADP
issue-1191	41	30	current	current	ADJ
issue-1191	41	31	pandemic	pandemic	NOUN
issue-1191	41	32	.	.	PUNCT
issue-1191	42	1	as	as	SCONJ
issue-1191	42	2	it	it	PRON
issue-1191	42	3	is	be	AUX
issue-1191	42	4	known	know	VERB
issue-1191	42	5	,	,	PUNCT
issue-1191	42	6	interrelation	interrelation	NOUN
issue-1191	42	7	between	between	ADP
issue-1191	42	8	returns	return	NOUN
issue-1191	42	9	is	be	AUX
issue-1191	42	10	considered	consider	VERB
issue-1191	42	11	to	to	PART
issue-1191	42	12	be	be	AUX
issue-1191	42	13	one	one	NUM
issue-1191	42	14	of	of	ADP
issue-1191	42	15	the	the	DET
issue-1191	42	16	basic	basic	ADJ
issue-1191	42	17	preconditions	precondition	NOUN
issue-1191	42	18	for	for	ADP
issue-1191	42	19	increasing	increase	VERB
issue-1191	42	20	efficiency	efficiency	NOUN
issue-1191	42	21	of	of	ADP
issue-1191	42	22	investment	investment	NOUN
issue-1191	42	23	portfolios	portfolio	NOUN
issue-1191	42	24	via	via	ADP
issue-1191	42	25	decreasing	decrease	VERB
issue-1191	42	26	their	their	PRON
issue-1191	42	27	risks	risk	NOUN
issue-1191	42	28	.	.	PUNCT
issue-1191	43	1	notwithstanding	notwithstanding	ADP
issue-1191	43	2	this	this	DET
issue-1191	43	3	interrelation	interrelation	NOUN
issue-1191	43	4	is	be	AUX
issue-1191	43	5	extremely	extremely	ADV
issue-1191	43	6	important	important	ADJ
issue-1191	43	7	in	in	ADP
issue-1191	43	8	terms	term	NOUN
issue-1191	43	9	of	of	ADP
issue-1191	43	10	contemporary	contemporary	ADJ
issue-1191	43	11	portfolio	portfolio	NOUN
issue-1191	43	12	theory	theory	NOUN
issue-1191	43	13	insight	insight	NOUN
issue-1191	43	14	and	and	CCONJ
issue-1191	43	15	from	from	ADP
issue-1191	43	16	empirical	empirical	ADJ
issue-1191	43	17	viewpoint	viewpoint	NOUN
issue-1191	43	18	it	it	PRON
issue-1191	43	19	is	be	AUX
issue-1191	43	20	derivative	derivative	ADJ
issue-1191	43	21	or	or	CCONJ
issue-1191	43	22	so	so	ADV
issue-1191	43	23	to	to	PART
issue-1191	43	24	say	say	VERB
issue-1191	43	25	secondary	secondary	ADJ
issue-1191	43	26	considering	consider	VERB
issue-1191	43	27	its	its	PRON
issue-1191	43	28	origin	origin	NOUN
issue-1191	43	29	among	among	ADP
issue-1191	43	30	other	other	ADJ
issue-1191	43	31	investment	investment	NOUN
issue-1191	43	32	data	datum	NOUN
issue-1191	43	33	.	.	PUNCT
issue-1191	44	1	it	it	PRON
issue-1191	44	2	is	be	AUX
issue-1191	44	3	derived	derive	VERB
issue-1191	44	4	using	use	VERB
issue-1191	44	5	the	the	DET
issue-1191	44	6	primary	primary	ADJ
issue-1191	44	7	data	datum	NOUN
issue-1191	44	8	on	on	ADP
issue-1191	44	9	returns	return	NOUN
issue-1191	44	10	and	and	CCONJ
issue-1191	44	11	somehow	somehow	ADV
issue-1191	44	12	even	even	ADV
issue-1191	44	13	the	the	DET
issue-1191	44	14	data	datum	NOUN
issue-1191	44	15	on	on	ADP
issue-1191	44	16	risks	risk	NOUN
issue-1191	44	17	.	.	PUNCT
issue-1191	45	1	therefore	therefore	ADV
issue-1191	45	2	,	,	PUNCT
issue-1191	45	3	the	the	DET
issue-1191	45	4	primary	primary	ADJ
issue-1191	45	5	investment	investment	NOUN
issue-1191	45	6	decisionmaking	decisionmake	VERB
issue-1191	45	7	factors	factor	NOUN
issue-1191	45	8	concentrate	concentrate	VERB
issue-1191	45	9	in	in	ADP
issue-1191	45	10	risk	risk	NOUN
issue-1191	45	11	-	-	PUNCT
issue-1191	45	12	return	return	NOUN
issue-1191	45	13	framework	framework	NOUN
issue-1191	45	14	with	with	ADP
issue-1191	45	15	returns	return	NOUN
issue-1191	45	16	covariance	covariance	NOUN
issue-1191	45	17	remaining	remain	VERB
issue-1191	45	18	a	a	DET
issue-1191	45	19	supplementary	supplementary	ADJ
issue-1191	45	20	index	index	NOUN
issue-1191	45	21	.	.	PUNCT
issue-1191	46	1	another	another	DET
issue-1191	46	2	point	point	NOUN
issue-1191	46	3	of	of	ADP
issue-1191	46	4	the	the	DET
issue-1191	46	5	special	special	ADJ
issue-1191	46	6	attention	attention	NOUN
issue-1191	46	7	is	be	AUX
issue-1191	46	8	the	the	DET
issue-1191	46	9	contemporary	contemporary	ADJ
issue-1191	46	10	pandemic	pandemic	NOUN
issue-1191	46	11	.	.	PUNCT
issue-1191	47	1	one	one	PRON
issue-1191	47	2	could	could	AUX
issue-1191	47	3	hardly	hardly	ADV
issue-1191	47	4	find	find	VERB
issue-1191	47	5	any	any	DET
issue-1191	47	6	field	field	NOUN
issue-1191	47	7	not	not	PART
issue-1191	47	8	affected	affect	VERB
issue-1191	47	9	by	by	ADP
issue-1191	47	10	the	the	DET
issue-1191	47	11	covid-19	covid-19	PROPN
issue-1191	47	12	pandemic	pandemic	NOUN
issue-1191	47	13	during	during	ADP
issue-1191	47	14	the	the	DET
issue-1191	47	15	last	last	ADJ
issue-1191	47	16	couple	couple	NOUN
issue-1191	47	17	of	of	ADP
issue-1191	47	18	years	year	NOUN
issue-1191	47	19	.	.	PUNCT
issue-1191	48	1	the	the	DET
issue-1191	48	2	case	case	NOUN
issue-1191	48	3	is	be	AUX
issue-1191	48	4	specifically	specifically	ADV
issue-1191	48	5	challenging	challenging	ADJ
issue-1191	48	6	for	for	ADP
issue-1191	48	7	the	the	DET
issue-1191	48	8	global	global	ADJ
issue-1191	48	9	economy	economy	NOUN
issue-1191	48	10	that	that	PRON
issue-1191	48	11	felt	feel	VERB
issue-1191	48	12	the	the	DET
issue-1191	48	13	pandemic	pandemic	ADJ
issue-1191	48	14	influence	influence	NOUN
issue-1191	48	15	substantially	substantially	ADV
issue-1191	48	16	.	.	PUNCT
issue-1191	49	1	that	that	PRON
issue-1191	49	2	is	be	AUX
issue-1191	49	3	also	also	ADV
issue-1191	49	4	the	the	DET
issue-1191	49	5	point	point	NOUN
issue-1191	49	6	of	of	ADP
issue-1191	49	7	an	an	DET
issue-1191	49	8	extreme	extreme	ADJ
issue-1191	49	9	importance	importance	NOUN
issue-1191	49	10	for	for	ADP
issue-1191	49	11	international	international	ADJ
issue-1191	49	12	financial	financial	ADJ
issue-1191	49	13	markets	market	NOUN
issue-1191	49	14	that	that	PRON
issue-1191	49	15	experienced	experience	VERB
issue-1191	49	16	significant	significant	ADJ
issue-1191	49	17	volatility	volatility	NOUN
issue-1191	49	18	in	in	ADP
issue-1191	49	19	2020	2020	NUM
issue-1191	49	20	and	and	CCONJ
issue-1191	49	21	experience	experience	VERB
issue-1191	49	22	quite	quite	ADV
issue-1191	49	23	different	different	ADJ
issue-1191	49	24	expectations	expectation	NOUN
issue-1191	49	25	at	at	ADP
issue-1191	49	26	the	the	DET
issue-1191	49	27	beginning	beginning	NOUN
issue-1191	49	28	of	of	ADP
issue-1191	49	29	2021	2021	NUM
issue-1191	49	30	.	.	PUNCT
issue-1191	50	1	that	that	PRON
issue-1191	50	2	resulted	result	VERB
issue-1191	50	3	in	in	ADP
issue-1191	50	4	substantial	substantial	ADJ
issue-1191	50	5	volatility	volatility	NOUN
issue-1191	50	6	of	of	ADP
issue-1191	50	7	global	global	ADJ
issue-1191	50	8	market	market	NOUN
issue-1191	50	9	capitalization	capitalization	NOUN
issue-1191	50	10	,	,	PUNCT
issue-1191	50	11	increased	increase	VERB
issue-1191	50	12	volatility	volatility	NOUN
issue-1191	50	13	of	of	ADP
issue-1191	50	14	returns	return	NOUN
issue-1191	50	15	in	in	ADP
issue-1191	50	16	individual	individual	ADJ
issue-1191	50	17	markets	market	NOUN
issue-1191	50	18	,	,	PUNCT
issue-1191	50	19	decrease	decrease	NOUN
issue-1191	50	20	of	of	ADP
issue-1191	50	21	international	international	ADJ
issue-1191	50	22	portfolio	portfolio	NOUN
issue-1191	50	23	flows	flow	VERB
issue-1191	50	24	.	.	PUNCT
issue-1191	51	1	this	this	DET
issue-1191	51	2	point	point	NOUN
issue-1191	51	3	is	be	AUX
issue-1191	51	4	also	also	ADV
issue-1191	51	5	to	to	PART
issue-1191	51	6	be	be	AUX
issue-1191	51	7	studied	study	VERB
issue-1191	51	8	in	in	ADP
issue-1191	51	9	our	our	PRON
issue-1191	51	10	research	research	NOUN
issue-1191	51	11	.	.	PUNCT
issue-1191	52	1	one	one	NUM
issue-1191	52	2	of	of	ADP
issue-1191	52	3	our	our	PRON
issue-1191	52	4	challenging	challenging	ADJ
issue-1191	52	5	expectations	expectation	NOUN
issue-1191	52	6	is	be	AUX
issue-1191	52	7	that	that	SCONJ
issue-1191	52	8	there	there	PRON
issue-1191	52	9	might	might	AUX
issue-1191	52	10	be	be	AUX
issue-1191	52	11	a	a	DET
issue-1191	52	12	specific	specific	ADJ
issue-1191	52	13	pattern	pattern	NOUN
issue-1191	52	14	of	of	ADP
issue-1191	52	15	risk	risk	NOUN
issue-1191	52	16	/	/	SYM
issue-1191	52	17	return	return	VERB
issue-1191	52	18	tradeoff	tradeoff	NOUN
issue-1191	52	19	that	that	PRON
issue-1191	52	20	differs	differ	VERB
issue-1191	52	21	for	for	ADP
issue-1191	52	22	periods	period	NOUN
issue-1191	52	23	of	of	ADP
issue-1191	52	24	increased	increase	VERB
issue-1191	52	25	instability	instability	NOUN
issue-1191	52	26	and	and	CCONJ
issue-1191	52	27	for	for	ADP
issue-1191	52	28	period	period	NOUN
issue-1191	52	29	of	of	ADP
issue-1191	52	30	markets	market	NOUN
issue-1191	52	31	regular	regular	ADJ
issue-1191	52	32	regime	regime	NOUN
issue-1191	52	33	.	.	PUNCT
issue-1191	53	1	one	one	NUM
issue-1191	53	2	of	of	ADP
issue-1191	53	3	these	these	DET
issue-1191	53	4	differences	difference	NOUN
issue-1191	53	5	could	could	AUX
issue-1191	53	6	be	be	AUX
issue-1191	53	7	the	the	DET
issue-1191	53	8	shift	shift	NOUN
issue-1191	53	9	of	of	ADP
issue-1191	53	10	portfolio	portfolio	NOUN
issue-1191	53	11	decisions	decision	NOUN
issue-1191	53	12	between	between	ADP
issue-1191	53	13	developed	develop	VERB
issue-1191	53	14	and	and	CCONJ
issue-1191	53	15	less	less	ADV
issue-1191	53	16	developed	developed	ADJ
issue-1191	53	17	markets	market	NOUN
issue-1191	53	18	.	.	PUNCT
issue-1191	54	1	such	such	ADJ
issue-1191	54	2	patterns	pattern	NOUN
issue-1191	54	3	could	could	AUX
issue-1191	54	4	be	be	AUX
issue-1191	54	5	used	use	VERB
issue-1191	54	6	to	to	PART
issue-1191	54	7	explain	explain	VERB
issue-1191	54	8	and	and	CCONJ
issue-1191	54	9	somehow	somehow	ADV
issue-1191	54	10	to	to	PART
issue-1191	54	11	forecast	forecast	VERB
issue-1191	54	12	international	international	ADJ
issue-1191	54	13	portfolio	portfolio	NOUN
issue-1191	54	14	flows	flow	VERB
issue-1191	54	15	.	.	PUNCT
issue-1191	55	1	moreover	moreover	ADV
issue-1191	55	2	,	,	PUNCT
issue-1191	55	3	one	one	NUM
issue-1191	55	4	of	of	ADP
issue-1191	55	5	the	the	DET
issue-1191	55	6	probable	probable	ADJ
issue-1191	55	7	results	result	NOUN
issue-1191	55	8	of	of	ADP
issue-1191	55	9	this	this	DET
issue-1191	55	10	study	study	NOUN
issue-1191	55	11	might	might	AUX
issue-1191	55	12	be	be	AUX
issue-1191	55	13	the	the	DET
issue-1191	55	14	comparison	comparison	NOUN
issue-1191	55	15	of	of	ADP
issue-1191	55	16	mentioned	mention	VERB
issue-1191	55	17	patterns	pattern	NOUN
issue-1191	55	18	between	between	ADP
issue-1191	55	19	different	different	ADJ
issue-1191	55	20	turmoil	turmoil	NOUN
issue-1191	55	21	periods	period	NOUN
issue-1191	55	22	.	.	PUNCT
issue-1191	56	1	the	the	DET
issue-1191	56	2	impact	impact	NOUN
issue-1191	56	3	of	of	ADP
issue-1191	56	4	crises	crisis	NOUN
issue-1191	56	5	of	of	ADP
issue-1191	56	6	different	different	ADJ
issue-1191	56	7	types	type	NOUN
issue-1191	56	8	could	could	AUX
issue-1191	56	9	be	be	AUX
issue-1191	56	10	also	also	ADV
issue-1191	56	11	different	different	ADJ
issue-1191	56	12	.	.	PUNCT
issue-1191	57	1	2	2	X
issue-1191	57	2	.	.	X
issue-1191	57	3	literature	literature	PROPN
issue-1191	57	4	review	review	PROPN
issue-1191	57	5	contemporary	contemporary	ADJ
issue-1191	57	6	theory	theory	NOUN
issue-1191	57	7	of	of	ADP
issue-1191	57	8	portfolio	portfolio	NOUN
issue-1191	57	9	investing	invest	VERB
issue-1191	57	10	substantially	substantially	ADV
issue-1191	57	11	rests	rest	VERB
issue-1191	57	12	on	on	ADP
issue-1191	57	13	a	a	DET
issue-1191	57	14	well	well	ADV
issue-1191	57	15	-	-	PUNCT
issue-1191	57	16	known	know	VERB
issue-1191	57	17	markowitz	markowitz	NOUN
issue-1191	57	18	theory	theory	NOUN
issue-1191	57	19	or	or	CCONJ
issue-1191	57	20	as	as	SCONJ
issue-1191	57	21	it	it	PRON
issue-1191	57	22	is	be	AUX
issue-1191	57	23	more	more	ADV
issue-1191	57	24	often	often	ADV
issue-1191	57	25	referred	refer	VERB
issue-1191	57	26	to	to	ADP
issue-1191	57	27	as	as	ADP
issue-1191	57	28	portfolio	portfolio	NOUN
issue-1191	57	29	theory	theory	NOUN
issue-1191	57	30	.	.	PUNCT
issue-1191	58	1	one	one	NUM
issue-1191	58	2	of	of	ADP
issue-1191	58	3	its	its	PRON
issue-1191	58	4	most	most	ADV
issue-1191	58	5	profound	profound	ADJ
issue-1191	58	6	provisions	provision	NOUN
issue-1191	58	7	tells	tell	VERB
issue-1191	58	8	us	we	PRON
issue-1191	58	9	that	that	SCONJ
issue-1191	58	10	investment	investment	NOUN
issue-1191	58	11	decisions	decision	NOUN
issue-1191	58	12	are	be	AUX
issue-1191	58	13	made	make	VERB
issue-1191	58	14	by	by	ADP
issue-1191	58	15	portfolio	portfolio	NOUN
issue-1191	58	16	investors	investor	NOUN
issue-1191	58	17	considering	consider	VERB
issue-1191	58	18	risk	risk	NOUN
issue-1191	58	19	and	and	CCONJ
issue-1191	58	20	return	return	VERB
issue-1191	58	21	,	,	PUNCT
issue-1191	58	22	and	and	CCONJ
issue-1191	58	23	that	that	DET
issue-1191	58	24	statement	statement	NOUN
issue-1191	58	25	is	be	AUX
issue-1191	58	26	equally	equally	ADV
issue-1191	58	27	true	true	ADJ
issue-1191	58	28	to	to	ADP
issue-1191	58	29	both	both	PRON
issue-1191	58	30	investment	investment	NOUN
issue-1191	58	31	portfolios	portfolio	NOUN
issue-1191	58	32	and	and	CCONJ
issue-1191	58	33	individual	individual	ADJ
issue-1191	58	34	securities	security	NOUN
issue-1191	58	35	(	(	PUNCT
issue-1191	58	36	markowitz	markowitz	PROPN
issue-1191	58	37	,	,	PUNCT
issue-1191	58	38	1952	1952	NUM
issue-1191	58	39	,	,	PUNCT
issue-1191	58	40	1959	1959	NUM
issue-1191	58	41	)	)	PUNCT
issue-1191	58	42	.	.	PUNCT
issue-1191	59	1	these	these	DET
issue-1191	59	2	two	two	NUM
issue-1191	59	3	investment	investment	NOUN
issue-1191	59	4	indices	index	NOUN
issue-1191	59	5	are	be	AUX
issue-1191	59	6	reciprocal	reciprocal	ADJ
issue-1191	59	7	meaning	mean	VERB
issue-1191	59	8	the	the	DET
issue-1191	59	9	higher	high	ADJ
issue-1191	59	10	risk	risk	NOUN
issue-1191	59	11	investors	investor	NOUN
issue-1191	59	12	accept	accept	VERB
issue-1191	59	13	the	the	DET
issue-1191	59	14	higher	high	ADJ
issue-1191	59	15	risk	risk	NOUN
issue-1191	59	16	premium	premium	NOUN
issue-1191	59	17	they	they	PRON
issue-1191	59	18	require	require	VERB
issue-1191	59	19	.	.	PUNCT
issue-1191	60	1	this	this	DET
issue-1191	60	2	point	point	NOUN
issue-1191	60	3	is	be	AUX
issue-1191	60	4	the	the	DET
issue-1191	60	5	direct	direct	ADJ
issue-1191	60	6	result	result	NOUN
issue-1191	60	7	of	of	ADP
issue-1191	60	8	investors	investor	NOUN
issue-1191	60	9	’	’	PART
issue-1191	60	10	rationality	rationality	NOUN
issue-1191	60	11	and	and	CCONJ
issue-1191	60	12	risk	risk	NOUN
issue-1191	60	13	aversion	aversion	NOUN
issue-1191	60	14	behavior	behavior	NOUN
issue-1191	60	15	.	.	PUNCT
issue-1191	61	1	interrelations	interrelation	NOUN
issue-1191	61	2	between	between	ADP
issue-1191	61	3	individual	individual	ADJ
issue-1191	61	4	securities	security	NOUN
issue-1191	61	5	returns	return	NOUN
issue-1191	61	6	should	should	AUX
issue-1191	61	7	also	also	ADV
issue-1191	61	8	be	be	AUX
issue-1191	61	9	considered	consider	VERB
issue-1191	61	10	while	while	SCONJ
issue-1191	61	11	composing	compose	VERB
issue-1191	61	12	a	a	DET
issue-1191	61	13	portfolio	portfolio	NOUN
issue-1191	61	14	:	:	PUNCT
issue-1191	61	15	the	the	PRON
issue-1191	61	16	lower	low	ADJ
issue-1191	61	17	they	they	PRON
issue-1191	61	18	are	be	AUX
issue-1191	61	19	the	the	DET
issue-1191	61	20	more	more	ADV
issue-1191	61	21	efficient	efficient	ADJ
issue-1191	61	22	portfolio	portfolio	NOUN
issue-1191	61	23	can	can	AUX
issue-1191	61	24	be	be	AUX
issue-1191	61	25	built	build	VERB
issue-1191	61	26	up	up	ADP
issue-1191	61	27	.	.	PUNCT
issue-1191	62	1	these	these	DET
issue-1191	62	2	ideas	idea	NOUN
issue-1191	62	3	have	have	AUX
issue-1191	62	4	set	set	VERB
issue-1191	62	5	up	up	ADP
issue-1191	62	6	a	a	DET
issue-1191	62	7	dominating	dominating	NOUN
issue-1191	62	8	paradigm	paradigm	NOUN
issue-1191	62	9	in	in	ADP
issue-1191	62	10	the	the	DET
issue-1191	62	11	field	field	NOUN
issue-1191	62	12	which	which	PRON
issue-1191	62	13	was	be	AUX
issue-1191	62	14	joined	join	VERB
issue-1191	62	15	and	and	CCONJ
issue-1191	62	16	expanded	expand	VERB
issue-1191	62	17	by	by	ADP
issue-1191	62	18	other	other	ADJ
issue-1191	62	19	approaches	approach	NOUN
issue-1191	62	20	and	and	CCONJ
issue-1191	62	21	concepts	concept	NOUN
issue-1191	62	22	,	,	PUNCT
issue-1191	62	23	such	such	ADJ
issue-1191	62	24	as	as	ADP
issue-1191	62	25	resulting	result	VERB
issue-1191	62	26	from	from	ADP
issue-1191	62	27	fundamental	fundamental	ADJ
issue-1191	62	28	seminal	seminal	ADJ
issue-1191	62	29	studies	study	NOUN
issue-1191	62	30	of	of	ADP
issue-1191	62	31	sharpe	sharpe	PROPN
issue-1191	62	32	(	(	PUNCT
issue-1191	62	33	1964	1964	NUM
issue-1191	62	34	)	)	PUNCT
issue-1191	62	35	,	,	PUNCT
issue-1191	62	36	lintner	lintner	NOUN
issue-1191	62	37	(	(	PUNCT
issue-1191	62	38	1965	1965	NUM
issue-1191	62	39	)	)	PUNCT
issue-1191	62	40	,	,	PUNCT
issue-1191	62	41	black	black	NOUN
issue-1191	62	42	(	(	PUNCT
issue-1191	62	43	1972	1972	NUM
issue-1191	62	44	)	)	PUNCT
issue-1191	62	45	,	,	PUNCT
issue-1191	62	46	merton	merton	X
issue-1191	62	47	(	(	PUNCT
issue-1191	62	48	1973	1973	NUM
issue-1191	62	49	)	)	PUNCT
issue-1191	62	50	,	,	PUNCT
issue-1191	62	51	black	black	NOUN
issue-1191	62	52	&	&	CCONJ
issue-1191	62	53	litterman	litterman	PROPN
issue-1191	62	54	(	(	PUNCT
issue-1191	62	55	1992	1992	NUM
issue-1191	62	56	)	)	PUNCT
issue-1191	62	57	and	and	CCONJ
issue-1191	62	58	others	other	NOUN
issue-1191	62	59	as	as	ADV
issue-1191	62	60	well	well	ADV
issue-1191	62	61	as	as	ADP
issue-1191	62	62	findings	finding	NOUN
issue-1191	62	63	of	of	ADP
issue-1191	62	64	some	some	DET
issue-1191	62	65	more	more	ADV
issue-1191	62	66	recent	recent	ADJ
issue-1191	62	67	research	research	NOUN
issue-1191	62	68	like	like	ADP
issue-1191	62	69	jobson	jobson	PROPN
issue-1191	62	70	(	(	PUNCT
issue-1191	62	71	1991	1991	NUM
issue-1191	62	72	)	)	PUNCT
issue-1191	62	73	,	,	PUNCT
issue-1191	62	74	best	good	ADJ
issue-1191	62	75	&	&	CCONJ
issue-1191	62	76	grauer	grauer	PROPN
issue-1191	62	77	(	(	PUNCT
issue-1191	62	78	1991	1991	NUM
issue-1191	62	79	)	)	PUNCT
issue-1191	62	80	,	,	PUNCT
issue-1191	62	81	jorion	jorion	NOUN
issue-1191	62	82	(	(	PUNCT
issue-1191	62	83	1992	1992	NUM
issue-1191	62	84	)	)	PUNCT
issue-1191	62	85	,	,	PUNCT
issue-1191	62	86	arnott	arnott	PROPN
issue-1191	62	87	&	&	CCONJ
issue-1191	62	88	bernstein	bernstein	PROPN
issue-1191	62	89	(	(	PUNCT
issue-1191	62	90	2002	2002	NUM
issue-1191	62	91	)	)	PUNCT
issue-1191	62	92	,	,	PUNCT
issue-1191	62	93	lehar	lehar	X
issue-1191	62	94	(	(	PUNCT
issue-1191	62	95	2005	2005	NUM
issue-1191	62	96	)	)	PUNCT
issue-1191	62	97	etc	etc	X
issue-1191	62	98	.	.	X
issue-1191	62	99	analysis	analysis	NOUN
issue-1191	62	100	of	of	ADP
issue-1191	62	101	risks	risk	NOUN
issue-1191	62	102	and	and	CCONJ
issue-1191	62	103	returns	return	NOUN
issue-1191	62	104	of	of	ADP
issue-1191	62	105	international	international	ADJ
issue-1191	62	106	markets	market	NOUN
issue-1191	62	107	is	be	AUX
issue-1191	62	108	considered	consider	VERB
issue-1191	62	109	to	to	PART
issue-1191	62	110	have	have	AUX
issue-1191	62	111	been	be	AUX
issue-1191	62	112	originated	originate	VERB
issue-1191	62	113	in	in	ADP
issue-1191	62	114	the	the	DET
issue-1191	62	115	framework	framework	NOUN
issue-1191	62	116	of	of	ADP
issue-1191	62	117	international	international	ADJ
issue-1191	62	118	diversification	diversification	NOUN
issue-1191	62	119	concept	concept	NOUN
issue-1191	62	120	founded	found	VERB
issue-1191	62	121	by	by	ADP
issue-1191	62	122	grubel	grubel	NOUN
issue-1191	62	123	(	(	PUNCT
issue-1191	62	124	1968	1968	NUM
issue-1191	62	125	)	)	PUNCT
issue-1191	62	126	and	and	CCONJ
issue-1191	62	127	solnik	solnik	X
issue-1191	62	128	(	(	PUNCT
issue-1191	62	129	1974	1974	NUM
issue-1191	62	130	)	)	PUNCT
issue-1191	62	131	.	.	PUNCT
issue-1191	63	1	this	this	DET
issue-1191	63	2	concept	concept	NOUN
issue-1191	63	3	substantially	substantially	ADV
issue-1191	63	4	rests	rest	VERB
issue-1191	63	5	on	on	ADP
issue-1191	63	6	traditional	traditional	ADJ
issue-1191	63	7	portfolio	portfolio	NOUN
issue-1191	63	8	theory	theory	NOUN
issue-1191	63	9	,	,	PUNCT
issue-1191	63	10	making	make	VERB
issue-1191	63	11	it	it	PRON
issue-1191	63	12	actually	actually	ADV
issue-1191	63	13	universal	universal	ADJ
issue-1191	63	14	in	in	ADP
issue-1191	63	15	terms	term	NOUN
issue-1191	63	16	of	of	ADP
issue-1191	63	17	domestic	domestic	ADJ
issue-1191	63	18	and	and	CCONJ
issue-1191	63	19	international	international	ADJ
issue-1191	63	20	markets	market	NOUN
issue-1191	63	21	exploration	exploration	NOUN
issue-1191	63	22	.	.	PUNCT
issue-1191	64	1	its	its	PRON
issue-1191	64	2	main	main	ADJ
issue-1191	64	3	focus	focus	NOUN
issue-1191	64	4	is	be	AUX
issue-1191	64	5	on	on	ADP
issue-1191	64	6	risks	risk	NOUN
issue-1191	64	7	,	,	PUNCT
issue-1191	64	8	returns	return	NOUN
issue-1191	64	9	and	and	CCONJ
issue-1191	64	10	interrelation	interrelation	NOUN
issue-1191	64	11	between	between	ADP
issue-1191	64	12	returns	return	NOUN
issue-1191	64	13	that	that	PRON
issue-1191	64	14	is	be	AUX
issue-1191	64	15	considered	consider	VERB
issue-1191	64	16	to	to	PART
issue-1191	64	17	be	be	AUX
issue-1191	64	18	the	the	DET
issue-1191	64	19	main	main	ADJ
issue-1191	64	20	prerequisite	prerequisite	NOUN
issue-1191	64	21	for	for	ADP
issue-1191	64	22	portfolio	portfolio	NOUN
issue-1191	64	23	efficiency	efficiency	NOUN
issue-1191	64	24	increase	increase	NOUN
issue-1191	64	25	.	.	PUNCT
issue-1191	65	1	this	this	PRON
issue-1191	65	2	in	in	ADP
issue-1191	65	3	turn	turn	NOUN
issue-1191	65	4	stems	stem	VERB
issue-1191	65	5	from	from	ADP
issue-1191	65	6	markowitz	markowitz	PROPN
issue-1191	65	7	portfolio	portfolio	PROPN
issue-1191	65	8	risk	risk	NOUN
issue-1191	65	9	formula	formula	NOUN
issue-1191	65	10	incorporating	incorporate	VERB
issue-1191	65	11	covariance	covariance	NOUN
issue-1191	65	12	between	between	ADP
issue-1191	65	13	returns	return	NOUN
issue-1191	65	14	.	.	PUNCT
issue-1191	66	1	mathematically	mathematically	ADV
issue-1191	66	2	the	the	DET
issue-1191	66	3	latter	latter	ADJ
issue-1191	66	4	should	should	AUX
issue-1191	66	5	be	be	AUX
issue-1191	66	6	as	as	ADV
issue-1191	66	7	low	low	ADJ
issue-1191	66	8	as	as	ADP
issue-1191	66	9	possible	possible	ADJ
issue-1191	66	10	.	.	PUNCT
issue-1191	67	1	unlike	unlike	ADP
issue-1191	67	2	studies	study	NOUN
issue-1191	67	3	of	of	ADP
issue-1191	67	4	domestic	domestic	ADJ
issue-1191	67	5	markets	market	NOUN
issue-1191	67	6	research	research	NOUN
issue-1191	67	7	of	of	ADP
issue-1191	67	8	internationally	internationally	ADV
issue-1191	67	9	diversified	diversify	VERB
issue-1191	67	10	portfolios	portfolio	NOUN
issue-1191	67	11	mostly	mostly	ADV
issue-1191	67	12	consider	consider	VERB
issue-1191	67	13	risks	risk	NOUN
issue-1191	67	14	,	,	PUNCT
issue-1191	67	15	returns	return	NOUN
issue-1191	67	16	and	and	CCONJ
issue-1191	67	17	interrelation	interrelation	NOUN
issue-1191	67	18	between	between	ADP
issue-1191	67	19	returns	return	NOUN
issue-1191	67	20	for	for	ADP
issue-1191	67	21	individual	individual	ADJ
issue-1191	67	22	markets	market	NOUN
issue-1191	67	23	rather	rather	ADV
issue-1191	67	24	than	than	ADP
issue-1191	67	25	individual	individual	ADJ
issue-1191	67	26	securities	security	NOUN
issue-1191	67	27	.	.	PUNCT
issue-1191	68	1	this	this	PRON
issue-1191	68	2	is	be	AUX
issue-1191	68	3	sort	sort	ADV
issue-1191	68	4	of	of	ADP
issue-1191	68	5	extrapolation	extrapolation	NOUN
issue-1191	68	6	where	where	SCONJ
issue-1191	68	7	an	an	DET
issue-1191	68	8	individual	individual	ADJ
issue-1191	68	9	security	security	NOUN
issue-1191	68	10	under	under	ADP
issue-1191	68	11	traditional	traditional	ADJ
issue-1191	68	12	approach	approach	NOUN
issue-1191	68	13	is	be	AUX
issue-1191	68	14	replaced	replace	VERB
issue-1191	68	15	by	by	ADP
issue-1191	68	16	the	the	DET
issue-1191	68	17	whole	whole	ADJ
issue-1191	68	18	market	market	NOUN
issue-1191	68	19	of	of	ADP
issue-1191	68	20	a	a	DET
issue-1191	68	21	particular	particular	ADJ
issue-1191	68	22	country	country	NOUN
issue-1191	68	23	in	in	ADP
issue-1191	68	24	international	international	ADJ
issue-1191	68	25	diversification	diversification	NOUN
issue-1191	68	26	concept	concept	NOUN
issue-1191	68	27	.	.	PUNCT
issue-1191	69	1	baltic	baltic	PROPN
issue-1191	69	2	journal	journal	PROPN
issue-1191	69	3	of	of	ADP
issue-1191	69	4	economic	economic	ADJ
issue-1191	69	5	studies	study	NOUN
issue-1191	69	6	99	99	NUM
issue-1191	69	7	vol	vol	NOUN
issue-1191	69	8	.	.	PUNCT
issue-1191	70	1	7	7	NUM
issue-1191	70	2	,	,	PUNCT
issue-1191	70	3	no	no	INTJ
issue-1191	70	4	.	.	NOUN
issue-1191	70	5	3	3	NUM
issue-1191	70	6	,	,	PUNCT
issue-1191	70	7	2021	2021	NUM
issue-1191	70	8	grubel	grubel	NOUN
issue-1191	70	9	(	(	PUNCT
issue-1191	70	10	1968	1968	NUM
issue-1191	70	11	)	)	PUNCT
issue-1191	70	12	for	for	ADP
issue-1191	70	13	example	example	NOUN
issue-1191	70	14	considers	consider	VERB
issue-1191	70	15	investment	investment	NOUN
issue-1191	70	16	portfolios	portfolio	NOUN
issue-1191	70	17	in	in	ADP
issue-1191	70	18	two	two	NUM
issue-1191	70	19	countries	country	NOUN
issue-1191	70	20	with	with	ADP
issue-1191	70	21	only	only	ADV
issue-1191	70	22	three	three	NUM
issue-1191	70	23	possible	possible	ADJ
issue-1191	70	24	investment	investment	NOUN
issue-1191	70	25	alternatives	alternative	NOUN
issue-1191	70	26	(	(	PUNCT
issue-1191	70	27	forms	form	NOUN
issue-1191	70	28	of	of	ADP
issue-1191	70	29	holding	hold	VERB
issue-1191	70	30	wealth	wealth	NOUN
issue-1191	70	31	):	):	PUNCT
issue-1191	70	32	real	real	ADJ
issue-1191	70	33	assets	asset	NOUN
issue-1191	70	34	,	,	PUNCT
issue-1191	70	35	money	money	NOUN
issue-1191	70	36	and	and	CCONJ
issue-1191	70	37	bonds	bond	NOUN
issue-1191	70	38	.	.	PUNCT
issue-1191	71	1	after	after	ADP
issue-1191	71	2	being	be	AUX
issue-1191	71	3	autarchical	autarchical	ADJ
issue-1191	71	4	mutual	mutual	ADJ
issue-1191	71	5	ownership	ownership	NOUN
issue-1191	71	6	of	of	ADP
issue-1191	71	7	bonds	bond	NOUN
issue-1191	71	8	is	be	AUX
issue-1191	71	9	possible	possible	ADJ
issue-1191	71	10	after	after	ADP
issue-1191	71	11	opening	open	VERB
issue-1191	71	12	these	these	DET
issue-1191	71	13	economies	economy	NOUN
issue-1191	71	14	.	.	PUNCT
issue-1191	72	1	real	real	ADJ
issue-1191	72	2	estate	estate	NOUN
issue-1191	72	3	and	and	CCONJ
issue-1191	72	4	money	money	NOUN
issue-1191	72	5	sections	section	NOUN
issue-1191	72	6	of	of	ADP
issue-1191	72	7	local	local	ADJ
issue-1191	72	8	portfolios	portfolio	NOUN
issue-1191	72	9	remain	remain	VERB
issue-1191	72	10	unchanged	unchanged	ADJ
issue-1191	72	11	.	.	PUNCT
issue-1191	73	1	main	main	ADJ
issue-1191	73	2	conclusions	conclusion	NOUN
issue-1191	73	3	of	of	ADP
issue-1191	73	4	markowitz	markowitz	PROPN
issue-1191	73	5	theory	theory	NOUN
issue-1191	73	6	were	be	AUX
issue-1191	73	7	generally	generally	ADV
issue-1191	73	8	supported	support	VERB
issue-1191	73	9	but	but	CCONJ
issue-1191	73	10	grubel	grubel	NOUN
issue-1191	73	11	stressed	stress	VERB
issue-1191	73	12	out	out	ADP
issue-1191	73	13	the	the	DET
issue-1191	73	14	importance	importance	NOUN
issue-1191	73	15	of	of	ADP
issue-1191	73	16	international	international	ADJ
issue-1191	73	17	investing	investing	NOUN
issue-1191	73	18	in	in	ADP
issue-1191	73	19	bonds	bond	NOUN
issue-1191	73	20	.	.	PUNCT
issue-1191	74	1	addressing	address	VERB
issue-1191	74	2	only	only	ADV
issue-1191	74	3	five	five	NUM
issue-1191	74	4	factors	factor	NOUN
issue-1191	74	5	of	of	ADP
issue-1191	74	6	investing	invest	VERB
issue-1191	74	7	in	in	ADP
issue-1191	74	8	foreign	foreign	ADJ
issue-1191	74	9	bonds	bond	NOUN
issue-1191	74	10	grubel	grubel	NOUN
issue-1191	74	11	concluded	conclude	VERB
issue-1191	74	12	that	that	SCONJ
issue-1191	74	13	only	only	ADV
issue-1191	74	14	if	if	SCONJ
issue-1191	74	15	they	they	PRON
issue-1191	74	16	remained	remain	VERB
issue-1191	74	17	the	the	DET
issue-1191	74	18	same	same	ADJ
issue-1191	74	19	demand	demand	NOUN
issue-1191	74	20	for	for	ADP
issue-1191	74	21	foreign	foreign	ADJ
issue-1191	74	22	bonds	bond	NOUN
issue-1191	74	23	would	would	AUX
issue-1191	74	24	be	be	AUX
issue-1191	74	25	equal	equal	ADJ
issue-1191	74	26	in	in	ADP
issue-1191	74	27	both	both	DET
issue-1191	74	28	countries	country	NOUN
issue-1191	74	29	and	and	CCONJ
issue-1191	74	30	both	both	DET
issue-1191	74	31	portfolios	portfolio	NOUN
issue-1191	74	32	would	would	AUX
issue-1191	74	33	be	be	AUX
issue-1191	74	34	identical	identical	ADJ
issue-1191	74	35	.	.	PUNCT
issue-1191	75	1	empirical	empirical	ADJ
issue-1191	75	2	test	test	NOUN
issue-1191	75	3	using	use	VERB
issue-1191	75	4	11	11	NUM
issue-1191	75	5	developed	develop	VERB
issue-1191	75	6	markets	market	NOUN
issue-1191	75	7	from	from	ADP
issue-1191	75	8	the	the	DET
issue-1191	75	9	us	us	PROPN
issue-1191	75	10	investor	investor	NOUN
issue-1191	75	11	viewpoint	viewpoint	NOUN
issue-1191	75	12	proved	prove	VERB
issue-1191	75	13	that	that	SCONJ
issue-1191	75	14	international	international	ADJ
issue-1191	75	15	diversification	diversification	NOUN
issue-1191	75	16	allowed	allow	VERB
issue-1191	75	17	to	to	PART
issue-1191	75	18	reach	reach	VERB
issue-1191	75	19	much	much	ADV
issue-1191	75	20	better	well	ADJ
issue-1191	75	21	risk	risk	NOUN
issue-1191	75	22	/	/	SYM
issue-1191	75	23	return	return	NOUN
issue-1191	75	24	tradeoff	tradeoff	NOUN
issue-1191	75	25	while	while	SCONJ
issue-1191	75	26	such	such	ADJ
issue-1191	75	27	markets	market	NOUN
issue-1191	75	28	as	as	ADP
issue-1191	75	29	japan	japan	PROPN
issue-1191	75	30	,	,	PUNCT
issue-1191	75	31	the	the	DET
issue-1191	75	32	uk	uk	PROPN
issue-1191	75	33	and	and	CCONJ
issue-1191	75	34	australia	australia	PROPN
issue-1191	75	35	seemed	seem	VERB
issue-1191	75	36	to	to	PART
issue-1191	75	37	be	be	AUX
issue-1191	75	38	the	the	DET
issue-1191	75	39	most	most	ADV
issue-1191	75	40	attractive	attractive	ADJ
issue-1191	75	41	.	.	PUNCT
issue-1191	76	1	findings	finding	NOUN
issue-1191	76	2	on	on	ADP
issue-1191	76	3	more	more	ADJ
issue-1191	76	4	than	than	ADP
issue-1191	76	5	300	300	NUM
issue-1191	76	6	stocks	stock	NOUN
issue-1191	76	7	from	from	ADP
issue-1191	76	8	7	7	NUM
issue-1191	76	9	european	european	ADJ
issue-1191	76	10	and	and	CCONJ
issue-1191	76	11	us	we	PRON
issue-1191	76	12	market	market	NOUN
issue-1191	76	13	using	use	VERB
issue-1191	76	14	their	their	PRON
issue-1191	76	15	weekly	weekly	ADJ
issue-1191	76	16	returns	return	NOUN
issue-1191	76	17	between	between	ADP
issue-1191	76	18	1966	1966	NUM
issue-1191	76	19	and	and	CCONJ
issue-1191	76	20	1971	1971	NUM
issue-1191	76	21	are	be	AUX
issue-1191	76	22	provided	provide	VERB
issue-1191	76	23	by	by	ADP
issue-1191	76	24	solnik	solnik	X
issue-1191	76	25	(	(	PUNCT
issue-1191	76	26	1974	1974	NUM
issue-1191	76	27	)	)	PUNCT
issue-1191	76	28	.	.	PUNCT
issue-1191	77	1	this	this	DET
issue-1191	77	2	study	study	NOUN
issue-1191	77	3	has	have	AUX
issue-1191	77	4	become	become	VERB
issue-1191	77	5	the	the	DET
issue-1191	77	6	seminal	seminal	ADJ
issue-1191	77	7	paper	paper	NOUN
issue-1191	77	8	in	in	ADP
issue-1191	77	9	the	the	DET
issue-1191	77	10	field	field	NOUN
issue-1191	77	11	.	.	PUNCT
issue-1191	78	1	particular	particular	ADJ
issue-1191	78	2	number	number	NOUN
issue-1191	78	3	of	of	ADP
issue-1191	78	4	portfolios	portfolio	NOUN
issue-1191	78	5	consisting	consist	VERB
issue-1191	78	6	of	of	ADP
issue-1191	78	7	a	a	DET
issue-1191	78	8	given	give	VERB
issue-1191	78	9	quantity	quantity	NOUN
issue-1191	78	10	of	of	ADP
issue-1191	78	11	stocks	stock	NOUN
issue-1191	78	12	(	(	PUNCT
issue-1191	78	13	from	from	ADP
issue-1191	78	14	1	1	NUM
issue-1191	78	15	to	to	PART
issue-1191	78	16	300	300	NUM
issue-1191	78	17	)	)	PUNCT
issue-1191	78	18	was	be	AUX
issue-1191	78	19	randomly	randomly	ADV
issue-1191	78	20	composed	compose	VERB
issue-1191	78	21	.	.	PUNCT
issue-1191	79	1	standard	standard	ADJ
issue-1191	79	2	deviations	deviation	NOUN
issue-1191	79	3	for	for	ADP
issue-1191	79	4	each	each	DET
issue-1191	79	5	portfolio	portfolio	NOUN
issue-1191	79	6	were	be	AUX
issue-1191	79	7	calculated	calculate	VERB
issue-1191	79	8	and	and	CCONJ
issue-1191	79	9	analyzed	analyze	VERB
issue-1191	79	10	.	.	PUNCT
issue-1191	80	1	solnik	solnik	PROPN
issue-1191	80	2	generally	generally	ADV
issue-1191	80	3	confirmed	confirm	VERB
issue-1191	80	4	already	already	ADV
issue-1191	80	5	existing	exist	VERB
issue-1191	80	6	idea	idea	NOUN
issue-1191	80	7	about	about	ADP
issue-1191	80	8	the	the	DET
issue-1191	80	9	minimum	minimum	ADJ
issue-1191	80	10	non	non	ADJ
issue-1191	80	11	-	-	ADJ
issue-1191	80	12	diversifiable	diversifiable	ADJ
issue-1191	80	13	level	level	NOUN
issue-1191	80	14	of	of	ADP
issue-1191	80	15	risk	risk	NOUN
issue-1191	80	16	that	that	PRON
issue-1191	80	17	could	could	AUX
issue-1191	80	18	not	not	PART
issue-1191	80	19	be	be	AUX
issue-1191	80	20	removed	remove	VERB
issue-1191	80	21	away	away	ADV
issue-1191	80	22	but	but	CCONJ
issue-1191	80	23	at	at	ADP
issue-1191	80	24	the	the	DET
issue-1191	80	25	same	same	ADJ
issue-1191	80	26	time	time	NOUN
issue-1191	80	27	he	he	PRON
issue-1191	80	28	proved	prove	VERB
issue-1191	80	29	that	that	SCONJ
issue-1191	80	30	this	this	DET
issue-1191	80	31	level	level	NOUN
issue-1191	80	32	was	be	AUX
issue-1191	80	33	much	much	ADV
issue-1191	80	34	lower	low	ADJ
issue-1191	80	35	for	for	ADP
issue-1191	80	36	internationally	internationally	ADV
issue-1191	80	37	diversified	diversify	VERB
issue-1191	80	38	portfolio	portfolio	NOUN
issue-1191	80	39	than	than	ADP
issue-1191	80	40	for	for	ADP
issue-1191	80	41	domestic	domestic	ADJ
issue-1191	80	42	market	market	NOUN
issue-1191	80	43	portfolios	portfolio	NOUN
issue-1191	80	44	.	.	PUNCT
issue-1191	81	1	this	this	DET
issue-1191	81	2	particular	particular	ADJ
issue-1191	81	3	level	level	NOUN
issue-1191	81	4	of	of	ADP
issue-1191	81	5	relative	relative	ADJ
issue-1191	81	6	risk	risk	NOUN
issue-1191	81	7	was	be	AUX
issue-1191	81	8	11.7	11.7	NUM
issue-1191	81	9	%	%	NOUN
issue-1191	81	10	for	for	ADP
issue-1191	81	11	international	international	ADJ
issue-1191	81	12	market	market	NOUN
issue-1191	81	13	portfolio	portfolio	NOUN
issue-1191	81	14	compared	compare	VERB
issue-1191	81	15	to	to	ADP
issue-1191	81	16	27	27	NUM
issue-1191	81	17	%	%	NOUN
issue-1191	81	18	for	for	ADP
issue-1191	81	19	the	the	DET
issue-1191	81	20	us	us	PROPN
issue-1191	81	21	market	market	NOUN
issue-1191	81	22	.	.	PUNCT
issue-1191	82	1	another	another	DET
issue-1191	82	2	significant	significant	ADJ
issue-1191	82	3	idea	idea	NOUN
issue-1191	82	4	was	be	AUX
issue-1191	82	5	also	also	ADV
issue-1191	82	6	confirmed	confirm	VERB
issue-1191	82	7	:	:	PUNCT
issue-1191	82	8	marginal	marginal	ADJ
issue-1191	82	9	diversification	diversification	NOUN
issue-1191	82	10	effect	effect	NOUN
issue-1191	82	11	was	be	AUX
issue-1191	82	12	decreasing	decrease	VERB
issue-1191	82	13	with	with	ADP
issue-1191	82	14	the	the	DET
issue-1191	82	15	expansion	expansion	NOUN
issue-1191	82	16	of	of	ADP
issue-1191	82	17	portfolio	portfolio	NOUN
issue-1191	82	18	structure	structure	NOUN
issue-1191	82	19	.	.	PUNCT
issue-1191	83	1	these	these	DET
issue-1191	83	2	results	result	NOUN
issue-1191	83	3	are	be	AUX
issue-1191	83	4	explained	explain	VERB
issue-1191	83	5	by	by	ADP
issue-1191	83	6	the	the	DET
issue-1191	83	7	fact	fact	NOUN
issue-1191	83	8	that	that	SCONJ
issue-1191	83	9	returns	return	NOUN
issue-1191	83	10	in	in	ADP
issue-1191	83	11	different	different	ADJ
issue-1191	83	12	markets	market	NOUN
issue-1191	83	13	typically	typically	ADV
issue-1191	83	14	have	have	AUX
issue-1191	83	15	lower	low	ADJ
issue-1191	83	16	correlations	correlation	NOUN
issue-1191	83	17	than	than	ADP
issue-1191	83	18	returns	return	NOUN
issue-1191	83	19	of	of	ADP
issue-1191	83	20	average	average	ADJ
issue-1191	83	21	stocks	stock	NOUN
issue-1191	83	22	from	from	ADP
issue-1191	83	23	the	the	DET
issue-1191	83	24	same	same	ADJ
issue-1191	83	25	market	market	NOUN
issue-1191	83	26	.	.	PUNCT
issue-1191	84	1	that	that	PRON
issue-1191	84	2	is	be	AUX
issue-1191	84	3	because	because	SCONJ
issue-1191	84	4	different	different	ADJ
issue-1191	84	5	markets	market	NOUN
issue-1191	84	6	have	have	VERB
issue-1191	84	7	different	different	ADJ
issue-1191	84	8	systematic	systematic	ADJ
issue-1191	84	9	and	and	CCONJ
issue-1191	84	10	specific	specific	ADJ
issue-1191	84	11	factors	factor	NOUN
issue-1191	84	12	affecting	affect	VERB
issue-1191	84	13	returns	return	NOUN
issue-1191	84	14	,	,	PUNCT
issue-1191	84	15	mismatching	mismatch	VERB
issue-1191	84	16	between	between	ADP
issue-1191	84	17	economic	economic	ADJ
issue-1191	84	18	and	and	CCONJ
issue-1191	84	19	business	business	NOUN
issue-1191	84	20	cycles	cycle	NOUN
issue-1191	84	21	etc	etc	X
issue-1191	84	22	.	.	X
issue-1191	84	23	additional	additional	ADJ
issue-1191	84	24	efficiency	efficiency	NOUN
issue-1191	84	25	of	of	ADP
issue-1191	84	26	international	international	ADJ
issue-1191	84	27	portfolio	portfolio	NOUN
issue-1191	84	28	can	can	AUX
issue-1191	84	29	be	be	AUX
issue-1191	84	30	reached	reach	VERB
issue-1191	84	31	via	via	ADP
issue-1191	84	32	combining	combine	VERB
issue-1191	84	33	purely	purely	ADV
issue-1191	84	34	international	international	ADJ
issue-1191	84	35	(	(	PUNCT
issue-1191	84	36	by	by	ADP
issue-1191	84	37	markets	market	NOUN
issue-1191	84	38	)	)	PUNCT
issue-1191	84	39	and	and	CCONJ
issue-1191	84	40	industry	industry	NOUN
issue-1191	84	41	diversification	diversification	NOUN
issue-1191	84	42	.	.	PUNCT
issue-1191	85	1	the	the	DET
issue-1191	85	2	effect	effect	NOUN
issue-1191	85	3	of	of	ADP
issue-1191	85	4	industry	industry	NOUN
issue-1191	85	5	diversification	diversification	NOUN
issue-1191	85	6	was	be	AUX
issue-1191	85	7	heavily	heavily	ADV
issue-1191	85	8	studied	study	VERB
issue-1191	85	9	in	in	ADP
issue-1191	85	10	more	more	ADJ
issue-1191	85	11	recent	recent	ADJ
issue-1191	85	12	papers	paper	NOUN
issue-1191	85	13	with	with	ADP
issue-1191	85	14	generally	generally	ADV
issue-1191	85	15	positive	positive	ADJ
issue-1191	85	16	conclusions	conclusion	NOUN
issue-1191	85	17	like	like	ADP
issue-1191	85	18	in	in	ADP
issue-1191	85	19	cavaglia	cavaglia	PROPN
issue-1191	85	20	,	,	PUNCT
issue-1191	85	21	brightman	brightman	PROPN
issue-1191	85	22	&	&	CCONJ
issue-1191	85	23	aked	ake	VERB
issue-1191	85	24	(	(	PUNCT
issue-1191	85	25	2000	2000	NUM
issue-1191	85	26	)	)	PUNCT
issue-1191	85	27	,	,	PUNCT
issue-1191	85	28	moerman	moerman	NOUN
issue-1191	85	29	(	(	PUNCT
issue-1191	85	30	2008	2008	NUM
issue-1191	85	31	)	)	PUNCT
issue-1191	85	32	,	,	PUNCT
issue-1191	85	33	donadelli	donadelli	PROPN
issue-1191	85	34	&	&	CCONJ
issue-1191	85	35	paradiso	paradiso	PROPN
issue-1191	85	36	(	(	PUNCT
issue-1191	85	37	2014	2014	NUM
issue-1191	85	38	)	)	PUNCT
issue-1191	85	39	,	,	PUNCT
issue-1191	85	40	zaremba	zaremba	NOUN
issue-1191	85	41	&	&	CCONJ
issue-1191	85	42	umutlu	umutlu	PROPN
issue-1191	85	43	(	(	PUNCT
issue-1191	85	44	2018	2018	NUM
issue-1191	85	45	)	)	PUNCT
issue-1191	85	46	,	,	PUNCT
issue-1191	85	47	bai	bai	PROPN
issue-1191	85	48	&	&	CCONJ
issue-1191	85	49	green	green	PROPN
issue-1191	85	50	(	(	PUNCT
issue-1191	85	51	2020	2020	NUM
issue-1191	85	52	)	)	PUNCT
issue-1191	85	53	and	and	CCONJ
issue-1191	85	54	others	other	NOUN
issue-1191	85	55	.	.	PUNCT
issue-1191	86	1	besides	besides	SCONJ
issue-1191	86	2	the	the	DET
issue-1191	86	3	mentioned	mention	VERB
issue-1191	86	4	studies	study	NOUN
issue-1191	86	5	further	further	ADJ
issue-1191	86	6	research	research	NOUN
issue-1191	86	7	in	in	ADP
issue-1191	86	8	the	the	DET
issue-1191	86	9	field	field	NOUN
issue-1191	86	10	proactively	proactively	ADV
issue-1191	86	11	explored	explore	VERB
issue-1191	86	12	risks	risk	NOUN
issue-1191	86	13	and	and	CCONJ
issue-1191	86	14	returns	return	NOUN
issue-1191	86	15	of	of	ADP
issue-1191	86	16	different	different	ADJ
issue-1191	86	17	markets	market	NOUN
issue-1191	86	18	trying	try	VERB
issue-1191	86	19	to	to	PART
issue-1191	86	20	discover	discover	VERB
issue-1191	86	21	implications	implication	NOUN
issue-1191	86	22	for	for	ADP
issue-1191	86	23	international	international	ADJ
issue-1191	86	24	diversification	diversification	NOUN
issue-1191	86	25	of	of	ADP
issue-1191	86	26	investment	investment	NOUN
issue-1191	86	27	portfolios	portfolio	NOUN
issue-1191	86	28	.	.	PUNCT
issue-1191	87	1	different	different	ADJ
issue-1191	87	2	markets	market	NOUN
issue-1191	87	3	risks	risk	NOUN
issue-1191	87	4	,	,	PUNCT
issue-1191	87	5	returns	return	NOUN
issue-1191	87	6	and	and	CCONJ
issue-1191	87	7	their	their	PRON
issue-1191	87	8	correlations	correlation	NOUN
issue-1191	87	9	particularly	particularly	ADV
issue-1191	87	10	in	in	ADP
issue-1191	87	11	terms	term	NOUN
issue-1191	87	12	of	of	ADP
issue-1191	87	13	their	their	PRON
issue-1191	87	14	sustainability	sustainability	NOUN
issue-1191	87	15	were	be	AUX
issue-1191	87	16	studied	study	VERB
issue-1191	87	17	by	by	ADP
issue-1191	87	18	longin	longin	NOUN
issue-1191	87	19	&	&	CCONJ
issue-1191	87	20	solnik	solnik	X
issue-1191	87	21	(	(	PUNCT
issue-1191	87	22	1995	1995	NUM
issue-1191	87	23	)	)	PUNCT
issue-1191	87	24	.	.	PUNCT
issue-1191	88	1	using	use	VERB
issue-1191	88	2	monthly	monthly	ADJ
issue-1191	88	3	excess	excess	ADJ
issue-1191	88	4	returns	return	NOUN
issue-1191	88	5	for	for	ADP
issue-1191	88	6	seven	seven	NUM
issue-1191	88	7	countries	country	NOUN
issue-1191	88	8	between	between	ADP
issue-1191	88	9	1960	1960	NUM
issue-1191	88	10	and	and	CCONJ
issue-1191	88	11	1990	1990	NUM
issue-1191	88	12	they	they	PRON
issue-1191	88	13	found	find	VERB
issue-1191	88	14	out	out	ADP
issue-1191	88	15	that	that	SCONJ
issue-1191	88	16	covariance	covariance	NOUN
issue-1191	88	17	and	and	CCONJ
issue-1191	88	18	correlation	correlation	NOUN
issue-1191	88	19	matrices	matrix	NOUN
issue-1191	88	20	between	between	ADP
issue-1191	88	21	them	they	PRON
issue-1191	88	22	were	be	AUX
issue-1191	88	23	not	not	PART
issue-1191	88	24	stable	stable	ADJ
issue-1191	88	25	over	over	ADP
issue-1191	88	26	time	time	NOUN
issue-1191	88	27	.	.	PUNCT
issue-1191	89	1	however	however	ADV
issue-1191	89	2	,	,	PUNCT
issue-1191	89	3	they	they	PRON
issue-1191	89	4	discovered	discover	VERB
issue-1191	89	5	the	the	DET
issue-1191	89	6	increase	increase	NOUN
issue-1191	89	7	of	of	ADP
issue-1191	89	8	correlation	correlation	NOUN
issue-1191	89	9	over	over	ADP
issue-1191	89	10	30	30	NUM
issue-1191	89	11	years	year	NOUN
issue-1191	89	12	and	and	CCONJ
issue-1191	89	13	what	what	PRON
issue-1191	89	14	is	be	AUX
issue-1191	89	15	particularly	particularly	ADV
issue-1191	89	16	relevant	relevant	ADJ
issue-1191	89	17	in	in	ADP
issue-1191	89	18	terms	term	NOUN
issue-1191	89	19	of	of	ADP
issue-1191	89	20	the	the	DET
issue-1191	89	21	present	present	ADJ
issue-1191	89	22	study	study	NOUN
issue-1191	89	23	that	that	SCONJ
issue-1191	89	24	correlations	correlation	NOUN
issue-1191	89	25	increased	increase	VERB
issue-1191	89	26	during	during	ADP
issue-1191	89	27	periods	period	NOUN
issue-1191	89	28	of	of	ADP
issue-1191	89	29	increased	increase	VERB
issue-1191	89	30	volatility	volatility	NOUN
issue-1191	89	31	,	,	PUNCT
issue-1191	89	32	i.e.	i.e.	X
issue-1191	89	33	,	,	PUNCT
issue-1191	89	34	during	during	ADP
issue-1191	89	35	crises	crisis	NOUN
issue-1191	89	36	and	and	CCONJ
issue-1191	89	37	turmoil	turmoil	NOUN
issue-1191	89	38	.	.	PUNCT
issue-1191	90	1	these	these	DET
issue-1191	90	2	findings	finding	NOUN
issue-1191	90	3	promote	promote	VERB
issue-1191	90	4	further	further	ADJ
issue-1191	90	5	research	research	NOUN
issue-1191	90	6	particularly	particularly	ADV
issue-1191	90	7	regarding	regard	VERB
issue-1191	90	8	changes	change	NOUN
issue-1191	90	9	of	of	ADP
issue-1191	90	10	risk	risk	NOUN
issue-1191	90	11	/	/	SYM
issue-1191	90	12	return	return	NOUN
issue-1191	90	13	profile	profile	NOUN
issue-1191	90	14	during	during	ADP
issue-1191	90	15	different	different	ADJ
issue-1191	90	16	time	time	NOUN
issue-1191	90	17	periods	period	NOUN
issue-1191	90	18	.	.	PUNCT
issue-1191	91	1	karolyi	karolyi	PROPN
issue-1191	91	2	&	&	CCONJ
issue-1191	91	3	stulz	stulz	ADJ
issue-1191	91	4	(	(	PUNCT
issue-1191	91	5	1996	1996	NUM
issue-1191	91	6	)	)	PUNCT
issue-1191	91	7	showed	show	VERB
issue-1191	91	8	that	that	SCONJ
issue-1191	91	9	comovements	comovement	NOUN
issue-1191	91	10	between	between	ADP
issue-1191	91	11	different	different	ADJ
issue-1191	91	12	markets	market	NOUN
issue-1191	91	13	stock	stock	NOUN
issue-1191	91	14	returns	return	NOUN
issue-1191	91	15	strongly	strongly	ADV
issue-1191	91	16	depended	depend	VERB
issue-1191	91	17	on	on	ADP
issue-1191	91	18	the	the	DET
issue-1191	91	19	absolute	absolute	ADJ
issue-1191	91	20	level	level	NOUN
issue-1191	91	21	of	of	ADP
issue-1191	91	22	market	market	NOUN
issue-1191	91	23	return	return	NOUN
issue-1191	91	24	,	,	PUNCT
issue-1191	91	25	particularly	particularly	ADV
issue-1191	91	26	using	use	VERB
issue-1191	91	27	the	the	DET
issue-1191	91	28	example	example	NOUN
issue-1191	91	29	of	of	ADP
issue-1191	91	30	japanese	japanese	ADJ
issue-1191	91	31	stock	stock	NOUN
issue-1191	91	32	market	market	NOUN
issue-1191	91	33	and	and	CCONJ
issue-1191	91	34	s&p	s&p	PROPN
issue-1191	91	35	index	index	NOUN
issue-1191	91	36	.	.	PUNCT
issue-1191	92	1	the	the	PRON
issue-1191	92	2	higher	high	ADJ
issue-1191	92	3	the	the	DET
issue-1191	92	4	absolute	absolute	ADJ
issue-1191	92	5	return	return	NOUN
issue-1191	92	6	of	of	ADP
issue-1191	92	7	a	a	DET
issue-1191	92	8	market	market	NOUN
issue-1191	92	9	in	in	ADP
issue-1191	92	10	a	a	DET
issue-1191	92	11	pair	pair	NOUN
issue-1191	92	12	the	the	PRON
issue-1191	92	13	higher	high	ADJ
issue-1191	92	14	the	the	DET
issue-1191	92	15	correlation	correlation	NOUN
issue-1191	92	16	.	.	PUNCT
issue-1191	93	1	they	they	PRON
issue-1191	93	2	also	also	ADV
issue-1191	93	3	confirmed	confirm	VERB
issue-1191	93	4	the	the	DET
issue-1191	93	5	point	point	NOUN
issue-1191	93	6	about	about	ADP
issue-1191	93	7	high	high	ADJ
issue-1191	93	8	correlations	correlation	NOUN
issue-1191	93	9	during	during	ADP
issue-1191	93	10	periods	period	NOUN
issue-1191	93	11	of	of	ADP
issue-1191	93	12	high	high	ADJ
issue-1191	93	13	volatility	volatility	NOUN
issue-1191	93	14	.	.	PUNCT
issue-1191	94	1	that	that	PRON
issue-1191	94	2	diminishes	diminish	VERB
issue-1191	94	3	the	the	DET
issue-1191	94	4	advantages	advantage	NOUN
issue-1191	94	5	of	of	ADP
issue-1191	94	6	international	international	ADJ
issue-1191	94	7	diversification	diversification	NOUN
issue-1191	94	8	during	during	ADP
issue-1191	94	9	turmoil	turmoil	NOUN
issue-1191	94	10	periods	period	NOUN
issue-1191	94	11	especially	especially	ADV
issue-1191	94	12	considering	consider	VERB
issue-1191	94	13	that	that	SCONJ
issue-1191	94	14	large	large	ADJ
issue-1191	94	15	shocks	shock	NOUN
issue-1191	94	16	spread	spread	VERB
issue-1191	94	17	more	more	ADV
issue-1191	94	18	internationally	internationally	ADV
issue-1191	94	19	than	than	ADP
issue-1191	94	20	the	the	DET
issue-1191	94	21	small	small	ADJ
issue-1191	94	22	shocks	shock	NOUN
issue-1191	94	23	.	.	PUNCT
issue-1191	95	1	bekaert	bekaert	NOUN
issue-1191	95	2	et	et	PROPN
issue-1191	95	3	al	al	PROPN
issue-1191	95	4	.	.	PUNCT
issue-1191	96	1	(	(	PUNCT
issue-1191	96	2	1998	1998	NUM
issue-1191	96	3	)	)	PUNCT
issue-1191	96	4	traditionally	traditionally	ADV
issue-1191	96	5	supported	support	VERB
issue-1191	96	6	the	the	DET
issue-1191	96	7	generally	generally	ADV
issue-1191	96	8	higher	high	ADJ
issue-1191	96	9	level	level	NOUN
issue-1191	96	10	of	of	ADP
issue-1191	96	11	volatility	volatility	NOUN
issue-1191	96	12	in	in	ADP
issue-1191	96	13	emerging	emerge	VERB
issue-1191	96	14	equity	equity	NOUN
issue-1191	96	15	markets	market	NOUN
issue-1191	96	16	focusing	focus	VERB
issue-1191	96	17	on	on	ADP
issue-1191	96	18	the	the	DET
issue-1191	96	19	fact	fact	NOUN
issue-1191	96	20	that	that	SCONJ
issue-1191	96	21	additional	additional	ADJ
issue-1191	96	22	measures	measure	NOUN
issue-1191	96	23	like	like	ADP
issue-1191	96	24	skewness	skewness	NOUN
issue-1191	96	25	and	and	CCONJ
issue-1191	96	26	kurtosis	kurtosis	NOUN
issue-1191	96	27	should	should	AUX
issue-1191	96	28	be	be	AUX
issue-1191	96	29	used	use	VERB
issue-1191	96	30	for	for	ADP
issue-1191	96	31	asset	asset	NOUN
issue-1191	96	32	allocation	allocation	NOUN
issue-1191	96	33	.	.	PUNCT
issue-1191	97	1	in	in	ADP
issue-1191	97	2	emerging	emerge	VERB
issue-1191	97	3	markets	market	NOUN
issue-1191	97	4	returns	return	NOUN
issue-1191	97	5	distributions	distribution	NOUN
issue-1191	97	6	are	be	AUX
issue-1191	97	7	far	far	ADV
issue-1191	97	8	from	from	ADP
issue-1191	97	9	being	be	AUX
issue-1191	97	10	normal	normal	ADJ
issue-1191	97	11	compared	compare	VERB
issue-1191	97	12	to	to	ADP
issue-1191	97	13	developed	develop	VERB
issue-1191	97	14	markets	market	NOUN
issue-1191	97	15	.	.	PUNCT
issue-1191	98	1	increase	increase	NOUN
issue-1191	98	2	of	of	ADP
issue-1191	98	3	correlations	correlation	NOUN
issue-1191	98	4	between	between	ADP
issue-1191	98	5	markets	market	NOUN
issue-1191	98	6	returns	return	NOUN
issue-1191	98	7	during	during	ADP
issue-1191	98	8	bear	bear	NOUN
issue-1191	98	9	regimes	regime	NOUN
issue-1191	98	10	but	but	CCONJ
issue-1191	98	11	not	not	PART
issue-1191	98	12	during	during	ADP
issue-1191	98	13	bull	bull	NOUN
issue-1191	98	14	regimes	regime	NOUN
issue-1191	98	15	was	be	AUX
issue-1191	98	16	proved	prove	VERB
issue-1191	98	17	by	by	ADP
issue-1191	98	18	longin	longin	NOUN
issue-1191	98	19	&	&	CCONJ
issue-1191	98	20	solnik	solnik	X
issue-1191	98	21	(	(	PUNCT
issue-1191	98	22	2001	2001	NUM
issue-1191	98	23	)	)	PUNCT
issue-1191	98	24	using	use	VERB
issue-1191	98	25	the	the	DET
issue-1191	98	26	monthly	monthly	ADJ
issue-1191	98	27	data	datum	NOUN
issue-1191	98	28	for	for	ADP
issue-1191	98	29	the	the	DET
issue-1191	98	30	five	five	NUM
issue-1191	98	31	largest	large	ADJ
issue-1191	98	32	stock	stock	NOUN
issue-1191	98	33	markets	market	NOUN
issue-1191	98	34	for	for	ADP
issue-1191	98	35	the	the	DET
issue-1191	98	36	38	38	NUM
issue-1191	98	37	-	-	PUNCT
issue-1191	98	38	year	year	NOUN
issue-1191	98	39	period	period	NOUN
issue-1191	98	40	.	.	PUNCT
issue-1191	99	1	similar	similar	ADJ
issue-1191	99	2	idea	idea	NOUN
issue-1191	99	3	was	be	AUX
issue-1191	99	4	also	also	ADV
issue-1191	99	5	supported	support	VERB
issue-1191	99	6	by	by	ADP
issue-1191	99	7	ang	ang	PROPN
issue-1191	99	8	&	&	CCONJ
issue-1191	99	9	bekaert	bekaert	PROPN
issue-1191	99	10	(	(	PUNCT
issue-1191	99	11	2002	2002	NUM
issue-1191	99	12	)	)	PUNCT
issue-1191	99	13	,	,	PUNCT
issue-1191	99	14	who	who	PRON
issue-1191	99	15	underlined	underline	VERB
issue-1191	99	16	that	that	SCONJ
issue-1191	99	17	those	those	DET
issue-1191	99	18	correlations	correlation	NOUN
issue-1191	99	19	decrease	decrease	VERB
issue-1191	99	20	in	in	ADP
issue-1191	99	21	highly	highly	ADV
issue-1191	99	22	volatile	volatile	ADJ
issue-1191	99	23	periods	period	NOUN
issue-1191	99	24	might	might	AUX
issue-1191	99	25	question	question	VERB
issue-1191	99	26	benefits	benefit	NOUN
issue-1191	99	27	of	of	ADP
issue-1191	99	28	international	international	ADJ
issue-1191	99	29	diversification	diversification	NOUN
issue-1191	99	30	of	of	ADP
issue-1191	99	31	investment	investment	NOUN
issue-1191	99	32	portfolios	portfolio	NOUN
issue-1191	99	33	from	from	ADP
issue-1191	99	34	the	the	DET
issue-1191	99	35	u.s	u.s	PROPN
issue-1191	99	36	.	.	PROPN
issue-1191	99	37	investor	investor	NOUN
issue-1191	99	38	perspective	perspective	NOUN
issue-1191	99	39	.	.	PUNCT
issue-1191	100	1	however	however	ADV
issue-1191	100	2	,	,	PUNCT
issue-1191	100	3	they	they	PRON
issue-1191	100	4	finally	finally	ADV
issue-1191	100	5	fix	fix	VERB
issue-1191	100	6	that	that	SCONJ
issue-1191	100	7	international	international	ADJ
issue-1191	100	8	diversification	diversification	NOUN
issue-1191	100	9	is	be	AUX
issue-1191	100	10	still	still	ADV
issue-1191	100	11	valuable	valuable	ADJ
issue-1191	100	12	under	under	ADP
issue-1191	100	13	regime	regime	NOUN
issue-1191	100	14	shifts	shift	NOUN
issue-1191	100	15	particularly	particularly	ADV
issue-1191	100	16	when	when	SCONJ
issue-1191	100	17	currency	currency	NOUN
issue-1191	100	18	hedging	hedging	NOUN
issue-1191	100	19	opportunities	opportunity	NOUN
issue-1191	100	20	are	be	AUX
issue-1191	100	21	engaged	engage	VERB
issue-1191	100	22	.	.	PUNCT
issue-1191	101	1	the	the	DET
issue-1191	101	2	substantial	substantial	ADJ
issue-1191	101	3	and	and	CCONJ
issue-1191	101	4	powerful	powerful	ADJ
issue-1191	101	5	background	background	NOUN
issue-1191	101	6	for	for	ADP
issue-1191	101	7	these	these	DET
issue-1191	101	8	and	and	CCONJ
issue-1191	101	9	similar	similar	ADJ
issue-1191	101	10	results	result	NOUN
issue-1191	101	11	stems	stem	VERB
issue-1191	101	12	from	from	ADP
issue-1191	101	13	the	the	DET
issue-1191	101	14	idea	idea	NOUN
issue-1191	101	15	that	that	SCONJ
issue-1191	101	16	benefits	benefit	NOUN
issue-1191	101	17	and	and	CCONJ
issue-1191	101	18	advantages	advantage	NOUN
issue-1191	101	19	of	of	ADP
issue-1191	101	20	international	international	ADJ
issue-1191	101	21	diversification	diversification	NOUN
issue-1191	101	22	are	be	AUX
issue-1191	101	23	exaggerated	exaggerated	ADJ
issue-1191	101	24	,	,	PUNCT
issue-1191	101	25	particularly	particularly	ADV
issue-1191	101	26	provided	provide	VERB
issue-1191	101	27	in	in	ADP
issue-1191	101	28	a	a	DET
issue-1191	101	29	long	long	ADV
issue-1191	101	30	-	-	PUNCT
issue-1191	101	31	lasting	last	VERB
issue-1191	101	32	debate	debate	NOUN
issue-1191	101	33	by	by	ADP
issue-1191	101	34	lessard	lessard	NOUN
issue-1191	101	35	(	(	PUNCT
issue-1191	101	36	1976	1976	NUM
issue-1191	101	37	)	)	PUNCT
issue-1191	101	38	,	,	PUNCT
issue-1191	101	39	butler	butler	NOUN
issue-1191	101	40	and	and	CCONJ
issue-1191	101	41	joaquin	joaquin	PROPN
issue-1191	101	42	(	(	PUNCT
issue-1191	101	43	2002	2002	NUM
issue-1191	101	44	)	)	PUNCT
issue-1191	101	45	and	and	CCONJ
issue-1191	101	46	others	other	NOUN
issue-1191	101	47	.	.	PUNCT
issue-1191	102	1	in	in	ADP
issue-1191	102	2	addition	addition	NOUN
issue-1191	102	3	to	to	ADP
issue-1191	102	4	the	the	DET
issue-1191	102	5	mentioned	mention	VERB
issue-1191	102	6	studies	study	NOUN
issue-1191	102	7	there	there	PRON
issue-1191	102	8	is	be	VERB
issue-1191	102	9	a	a	DET
issue-1191	102	10	great	great	ADJ
issue-1191	102	11	pile	pile	NOUN
issue-1191	102	12	of	of	ADP
issue-1191	102	13	scientific	scientific	ADJ
issue-1191	102	14	literature	literature	NOUN
issue-1191	102	15	exploring	explore	VERB
issue-1191	102	16	different	different	ADJ
issue-1191	102	17	markets	market	NOUN
issue-1191	102	18	,	,	PUNCT
issue-1191	102	19	their	their	PRON
issue-1191	102	20	risks	risk	NOUN
issue-1191	102	21	and	and	CCONJ
issue-1191	102	22	returns	return	NOUN
issue-1191	102	23	considering	consider	VERB
issue-1191	102	24	different	different	ADJ
issue-1191	102	25	regions	region	NOUN
issue-1191	102	26	,	,	PUNCT
issue-1191	102	27	or	or	CCONJ
issue-1191	102	28	specific	specific	ADJ
issue-1191	102	29	countries	country	NOUN
issue-1191	102	30	,	,	PUNCT
issue-1191	102	31	or	or	CCONJ
issue-1191	102	32	particular	particular	ADJ
issue-1191	102	33	crisis	crisis	NOUN
issue-1191	102	34	periods	period	NOUN
issue-1191	102	35	such	such	ADJ
issue-1191	102	36	as	as	ADP
issue-1191	102	37	morana	morana	PROPN
issue-1191	102	38	&	&	CCONJ
issue-1191	102	39	beltratti	beltratti	PROPN
issue-1191	102	40	(	(	PUNCT
issue-1191	102	41	2002	2002	NUM
issue-1191	102	42	)	)	PUNCT
issue-1191	102	43	,	,	PUNCT
issue-1191	102	44	niklewski	niklewski	PROPN
issue-1191	102	45	&	&	CCONJ
issue-1191	102	46	rodgers	rodgers	PROPN
issue-1191	102	47	(	(	PUNCT
issue-1191	102	48	2013	2013	NUM
issue-1191	102	49	)	)	PUNCT
issue-1191	102	50	,	,	PUNCT
issue-1191	102	51	dziuba	dziuba	PROPN
issue-1191	102	52	(	(	PUNCT
issue-1191	102	53	2017	2017	NUM
issue-1191	102	54	)	)	PUNCT
issue-1191	102	55	,	,	PUNCT
issue-1191	102	56	yakubovskiy	yakubovskiy	PROPN
issue-1191	102	57	,	,	PUNCT
issue-1191	102	58	rodionova	rodionova	PROPN
issue-1191	102	59	&	&	CCONJ
issue-1191	102	60	kyfak	kyfak	PROPN
issue-1191	102	61	(	(	PUNCT
issue-1191	102	62	2019	2019	NUM
issue-1191	102	63	)	)	PUNCT
issue-1191	102	64	etc	etc	X
issue-1191	102	65	.	.	X
issue-1191	102	66	hossein	hossein	PROPN
issue-1191	102	67	&	&	CCONJ
issue-1191	102	68	nossman	nossman	PROPN
issue-1191	102	69	(	(	PUNCT
issue-1191	102	70	2011	2011	NUM
issue-1191	102	71	)	)	PUNCT
issue-1191	102	72	studied	study	VERB
issue-1191	102	73	the	the	DET
issue-1191	102	74	spillover	spillover	NOUN
issue-1191	102	75	of	of	ADP
issue-1191	102	76	risk	risk	NOUN
issue-1191	102	77	to	to	ADP
issue-1191	102	78	european	european	ADJ
issue-1191	102	79	equity	equity	NOUN
issue-1191	102	80	markets	market	NOUN
issue-1191	102	81	depending	depend	VERB
issue-1191	102	82	on	on	ADP
issue-1191	102	83	the	the	DET
issue-1191	102	84	risk	risk	NOUN
issue-1191	102	85	source	source	NOUN
issue-1191	102	86	:	:	PUNCT
issue-1191	102	87	us	us	PROPN
issue-1191	102	88	market	market	NOUN
issue-1191	102	89	,	,	PUNCT
issue-1191	102	90	regional	regional	ADJ
issue-1191	102	91	market	market	NOUN
issue-1191	102	92	and	and	CCONJ
issue-1191	102	93	idiosyncratic	idiosyncratic	ADJ
issue-1191	102	94	shocks	shock	NOUN
issue-1191	102	95	during	during	ADP
issue-1191	102	96	the	the	DET
issue-1191	102	97	period	period	NOUN
issue-1191	102	98	between	between	ADP
issue-1191	102	99	1982	1982	NUM
issue-1191	102	100	and	and	CCONJ
issue-1191	102	101	2007	2007	NUM
issue-1191	102	102	.	.	PUNCT
issue-1191	103	1	they	they	PRON
issue-1191	103	2	proved	prove	VERB
issue-1191	103	3	that	that	SCONJ
issue-1191	103	4	the	the	DET
issue-1191	103	5	impact	impact	NOUN
issue-1191	103	6	of	of	ADP
issue-1191	103	7	the	the	DET
issue-1191	103	8	us	us	PROPN
issue-1191	103	9	market	market	NOUN
issue-1191	103	10	was	be	AUX
issue-1191	103	11	generally	generally	ADV
issue-1191	103	12	lower	low	ADJ
issue-1191	103	13	than	than	ADP
issue-1191	103	14	that	that	DET
issue-1191	103	15	one	one	NUM
issue-1191	103	16	of	of	ADP
issue-1191	103	17	local	local	ADJ
issue-1191	103	18	markets	market	NOUN
issue-1191	103	19	though	though	SCONJ
issue-1191	103	20	it	it	PRON
issue-1191	103	21	remained	remain	VERB
issue-1191	103	22	substantial	substantial	ADJ
issue-1191	103	23	for	for	ADP
issue-1191	103	24	all	all	DET
issue-1191	103	25	local	local	ADJ
issue-1191	103	26	markets	market	NOUN
issue-1191	103	27	.	.	PUNCT
issue-1191	104	1	in	in	ADP
issue-1191	104	2	terms	term	NOUN
issue-1191	104	3	of	of	ADP
issue-1191	104	4	risk	risk	NOUN
issue-1191	104	5	management	management	NOUN
issue-1191	104	6	these	these	DET
issue-1191	104	7	results	result	NOUN
issue-1191	104	8	stand	stand	VERB
issue-1191	104	9	for	for	ADP
issue-1191	104	10	good	good	ADJ
issue-1191	104	11	benefit	benefit	NOUN
issue-1191	104	12	for	for	ADP
issue-1191	104	13	american	american	ADJ
issue-1191	104	14	investors	investor	NOUN
issue-1191	104	15	when	when	SCONJ
issue-1191	104	16	they	they	PRON
issue-1191	104	17	invest	invest	VERB
issue-1191	104	18	during	during	ADP
issue-1191	104	19	crisis	crisis	NOUN
issue-1191	104	20	baltic	baltic	PROPN
issue-1191	104	21	journal	journal	PROPN
issue-1191	104	22	of	of	ADP
issue-1191	104	23	economic	economic	ADJ
issue-1191	104	24	studies	study	NOUN
issue-1191	104	25	100	100	NUM
issue-1191	104	26	vol	vol	NOUN
issue-1191	104	27	.	.	PUNCT
issue-1191	105	1	7	7	NUM
issue-1191	105	2	,	,	PUNCT
issue-1191	105	3	no	no	INTJ
issue-1191	105	4	.	.	NOUN
issue-1191	105	5	3	3	NUM
issue-1191	105	6	,	,	PUNCT
issue-1191	105	7	2021	2021	NUM
issue-1191	105	8	periods	period	NOUN
issue-1191	105	9	.	.	PUNCT
issue-1191	106	1	using	use	VERB
issue-1191	106	2	the	the	DET
issue-1191	106	3	g7	g7	PROPN
issue-1191	106	4	markets	market	NOUN
issue-1191	106	5	case	case	NOUN
issue-1191	106	6	,	,	PUNCT
issue-1191	106	7	androkopoulos	androkopoulo	NOUN
issue-1191	106	8	,	,	PUNCT
issue-1191	106	9	angelidis	angelidi	NOUN
issue-1191	106	10	&	&	CCONJ
issue-1191	106	11	skintzi	skintzi	PROPN
issue-1191	106	12	(	(	PUNCT
issue-1191	106	13	2014	2014	NUM
issue-1191	106	14	)	)	PUNCT
issue-1191	106	15	explore	explore	VERB
issue-1191	106	16	the	the	DET
issue-1191	106	17	spillover	spillover	NOUN
issue-1191	106	18	of	of	ADP
issue-1191	106	19	risk	risk	NOUN
issue-1191	106	20	,	,	PUNCT
issue-1191	106	21	return	return	NOUN
issue-1191	106	22	and	and	CCONJ
issue-1191	106	23	illiquidity	illiquidity	NOUN
issue-1191	106	24	.	.	PUNCT
issue-1191	107	1	they	they	PRON
issue-1191	107	2	discover	discover	VERB
issue-1191	107	3	the	the	DET
issue-1191	107	4	existence	existence	NOUN
issue-1191	107	5	of	of	ADP
issue-1191	107	6	strong	strong	ADJ
issue-1191	107	7	contemporaneous	contemporaneous	ADJ
issue-1191	107	8	dependence	dependence	NOUN
issue-1191	107	9	between	between	ADP
issue-1191	107	10	illiquidity	illiquidity	NOUN
issue-1191	107	11	and	and	CCONJ
issue-1191	107	12	return	return	NOUN
issue-1191	107	13	within	within	ADP
issue-1191	107	14	each	each	DET
issue-1191	107	15	market	market	NOUN
issue-1191	107	16	with	with	ADP
issue-1191	107	17	return	return	NOUN
issue-1191	107	18	casing	casing	NOUN
issue-1191	107	19	illiquidity	illiquidity	NOUN
issue-1191	107	20	.	.	PUNCT
issue-1191	108	1	the	the	DET
issue-1191	108	2	opposite	opposite	NOUN
issue-1191	108	3	is	be	AUX
issue-1191	108	4	not	not	PART
issue-1191	108	5	true	true	ADJ
issue-1191	108	6	in	in	ADP
issue-1191	108	7	most	most	ADJ
issue-1191	108	8	cases	case	NOUN
issue-1191	108	9	.	.	PUNCT
issue-1191	109	1	relation	relation	NOUN
issue-1191	109	2	between	between	ADP
issue-1191	109	3	illiquidity	illiquidity	NOUN
issue-1191	109	4	and	and	CCONJ
issue-1191	109	5	volatility	volatility	NOUN
issue-1191	109	6	is	be	AUX
issue-1191	109	7	significant	significant	ADJ
issue-1191	109	8	within	within	ADP
issue-1191	109	9	us	us	PROPN
issue-1191	109	10	market	market	NOUN
issue-1191	109	11	only	only	ADV
issue-1191	109	12	.	.	PUNCT
issue-1191	110	1	wang	wang	PROPN
issue-1191	110	2	&	&	CCONJ
issue-1191	110	3	khan	khan	PROPN
issue-1191	110	4	(	(	PUNCT
issue-1191	110	5	2017	2017	NUM
issue-1191	110	6	)	)	PUNCT
issue-1191	110	7	find	find	VERB
issue-1191	110	8	out	out	ADP
issue-1191	110	9	that	that	SCONJ
issue-1191	110	10	risk	risk	NOUN
issue-1191	110	11	-	-	PUNCT
issue-1191	110	12	returns	return	NOUN
issue-1191	110	13	tradeoff	tradeoff	NOUN
issue-1191	110	14	is	be	AUX
issue-1191	110	15	time	time	NOUN
issue-1191	110	16	-	-	PUNCT
issue-1191	110	17	varying	vary	VERB
issue-1191	110	18	depending	depend	VERB
issue-1191	110	19	on	on	ADP
issue-1191	110	20	the	the	DET
issue-1191	110	21	market	market	NOUN
issue-1191	110	22	states	state	NOUN
issue-1191	110	23	for	for	ADP
issue-1191	110	24	the	the	DET
issue-1191	110	25	us	us	PROPN
issue-1191	110	26	as	as	ADV
issue-1191	110	27	well	well	ADV
issue-1191	110	28	as	as	ADP
issue-1191	110	29	for	for	ADP
issue-1191	110	30	international	international	ADJ
issue-1191	110	31	market	market	NOUN
issue-1191	110	32	.	.	PUNCT
issue-1191	111	1	aslanidis	aslanidis	PROPN
issue-1191	111	2	,	,	PUNCT
issue-1191	111	3	christiansen	christiansen	PROPN
issue-1191	111	4	&	&	CCONJ
issue-1191	111	5	savva	savva	PROPN
issue-1191	111	6	(	(	PUNCT
issue-1191	111	7	2016	2016	NUM
issue-1191	111	8	)	)	PUNCT
issue-1191	111	9	utilize	utilize	VERB
issue-1191	111	10	the	the	DET
issue-1191	111	11	set	set	NOUN
issue-1191	111	12	of	of	ADP
issue-1191	111	13	five	five	NUM
issue-1191	111	14	large	large	ADJ
issue-1191	111	15	european	european	ADJ
issue-1191	111	16	stock	stock	NOUN
issue-1191	111	17	markets	market	NOUN
issue-1191	111	18	(	(	PUNCT
issue-1191	111	19	france	france	PROPN
issue-1191	111	20	,	,	PUNCT
issue-1191	111	21	germany	germany	PROPN
issue-1191	111	22	,	,	PUNCT
issue-1191	111	23	italy	italy	PROPN
issue-1191	111	24	,	,	PUNCT
issue-1191	111	25	switzerland	switzerland	PROPN
issue-1191	111	26	and	and	CCONJ
issue-1191	111	27	the	the	DET
issue-1191	111	28	uk	uk	PROPN
issue-1191	111	29	)	)	PUNCT
issue-1191	111	30	and	and	CCONJ
issue-1191	111	31	explore	explore	VERB
issue-1191	111	32	the	the	DET
issue-1191	111	33	intertemporal	intertemporal	ADJ
issue-1191	111	34	risk	risk	NOUN
issue-1191	111	35	-	-	PUNCT
issue-1191	111	36	return	return	NOUN
issue-1191	111	37	relation	relation	NOUN
issue-1191	111	38	.	.	PUNCT
issue-1191	112	1	keeping	keep	VERB
issue-1191	112	2	for	for	ADP
issue-1191	112	3	three	three	NUM
issue-1191	112	4	groups	group	NOUN
issue-1191	112	5	of	of	ADP
issue-1191	112	6	factors	factor	NOUN
issue-1191	112	7	(	(	PUNCT
issue-1191	112	8	country	country	NOUN
issue-1191	112	9	specific	specific	ADJ
issue-1191	112	10	,	,	PUNCT
issue-1191	112	11	euro	euro	NOUN
issue-1191	112	12	area	area	NOUN
issue-1191	112	13	and	and	CCONJ
issue-1191	112	14	global	global	ADJ
issue-1191	112	15	)	)	PUNCT
issue-1191	112	16	they	they	PRON
issue-1191	112	17	reveal	reveal	VERB
issue-1191	112	18	that	that	SCONJ
issue-1191	112	19	there	there	PRON
issue-1191	112	20	is	be	VERB
issue-1191	112	21	a	a	DET
issue-1191	112	22	strong	strong	ADJ
issue-1191	112	23	negative	negative	ADJ
issue-1191	112	24	relation	relation	NOUN
issue-1191	112	25	between	between	ADP
issue-1191	112	26	conditional	conditional	ADJ
issue-1191	112	27	return	return	NOUN
issue-1191	112	28	and	and	CCONJ
issue-1191	112	29	conditional	conditional	ADJ
issue-1191	112	30	volatility	volatility	NOUN
issue-1191	112	31	.	.	PUNCT
issue-1191	113	1	the	the	DET
issue-1191	113	2	optimal	optimal	ADJ
issue-1191	113	3	combination	combination	NOUN
issue-1191	113	4	of	of	ADP
issue-1191	113	5	influencing	influence	VERB
issue-1191	113	6	factors	factor	NOUN
issue-1191	113	7	varies	vary	VERB
issue-1191	113	8	across	across	ADP
issue-1191	113	9	the	the	DET
issue-1191	113	10	markets	market	NOUN
issue-1191	113	11	.	.	PUNCT
issue-1191	114	1	umantsiv	umantsiv	PROPN
issue-1191	114	2	et	et	PROPN
issue-1191	114	3	al	al	PROPN
issue-1191	114	4	.	.	PROPN
issue-1191	115	1	(	(	PUNCT
issue-1191	115	2	2019	2019	NUM
issue-1191	115	3	)	)	PUNCT
issue-1191	115	4	explored	explore	VERB
issue-1191	115	5	among	among	ADP
issue-1191	115	6	others	other	NOUN
issue-1191	115	7	efficiency	efficiency	NOUN
issue-1191	115	8	of	of	ADP
issue-1191	115	9	managing	manage	VERB
issue-1191	115	10	public	public	ADJ
issue-1191	115	11	enterprises	enterprise	NOUN
issue-1191	115	12	in	in	ADP
issue-1191	115	13	terms	term	NOUN
issue-1191	115	14	of	of	ADP
issue-1191	115	15	risks	risk	NOUN
issue-1191	115	16	of	of	ADP
issue-1191	115	17	their	their	PRON
issue-1191	115	18	shares	share	NOUN
issue-1191	115	19	.	.	PUNCT
issue-1191	116	1	there	there	PRON
issue-1191	116	2	is	be	VERB
issue-1191	116	3	a	a	DET
issue-1191	116	4	good	good	ADJ
issue-1191	116	5	portion	portion	NOUN
issue-1191	116	6	of	of	ADP
issue-1191	116	7	research	research	NOUN
issue-1191	116	8	devoted	devote	VERB
issue-1191	116	9	to	to	ADP
issue-1191	116	10	markets	market	NOUN
issue-1191	116	11	of	of	ADP
issue-1191	116	12	different	different	ADJ
issue-1191	116	13	types	type	NOUN
issue-1191	116	14	and	and	CCONJ
issue-1191	116	15	regions	region	NOUN
issue-1191	116	16	,	,	PUNCT
issue-1191	116	17	particularly	particularly	ADV
issue-1191	116	18	carried	carry	VERB
issue-1191	116	19	out	out	ADP
issue-1191	116	20	by	by	ADP
issue-1191	116	21	rogach	rogach	PROPN
issue-1191	116	22	&	&	CCONJ
issue-1191	116	23	dziuba	dziuba	PROPN
issue-1191	116	24	(	(	PUNCT
issue-1191	116	25	2017	2017	NUM
issue-1191	116	26	)	)	PUNCT
issue-1191	116	27	,	,	PUNCT
issue-1191	116	28	they	they	PRON
issue-1191	116	29	explored	explore	VERB
issue-1191	116	30	risks	risk	NOUN
issue-1191	116	31	and	and	CCONJ
issue-1191	116	32	returns	return	NOUN
issue-1191	116	33	for	for	ADP
issue-1191	116	34	frontier	frontier	NOUN
issue-1191	116	35	markets	market	NOUN
issue-1191	116	36	group	group	NOUN
issue-1191	116	37	considering	consider	VERB
issue-1191	116	38	exchange	exchange	NOUN
issue-1191	116	39	rate	rate	NOUN
issue-1191	116	40	risk	risk	NOUN
issue-1191	116	41	factor	factor	NOUN
issue-1191	116	42	,	,	PUNCT
issue-1191	116	43	and	and	CCONJ
issue-1191	116	44	cheng	cheng	PROPN
issue-1191	116	45	&	&	CCONJ
issue-1191	116	46	jahan	jahan	PROPN
issue-1191	116	47	-	-	PUNCT
issue-1191	116	48	parvar	parvar	PROPN
issue-1191	116	49	(	(	PUNCT
issue-1191	116	50	2014	2014	NUM
issue-1191	116	51	)	)	PUNCT
issue-1191	116	52	studied	study	VERB
issue-1191	116	53	risks	risk	NOUN
issue-1191	116	54	and	and	CCONJ
issue-1191	116	55	returns	return	NOUN
issue-1191	116	56	in	in	ADP
issue-1191	116	57	equity	equity	NOUN
issue-1191	116	58	markets	market	NOUN
issue-1191	116	59	of	of	ADP
issue-1191	116	60	pacific	pacific	PROPN
issue-1191	116	61	basin	basin	NOUN
issue-1191	116	62	countries	country	NOUN
issue-1191	116	63	etc	etc	X
issue-1191	116	64	.	.	X
issue-1191	117	1	3	3	X
issue-1191	117	2	.	.	X
issue-1191	117	3	hypothesis	hypothesis	NOUN
issue-1191	117	4	,	,	PUNCT
issue-1191	117	5	methodology	methodology	NOUN
issue-1191	117	6	and	and	CCONJ
issue-1191	117	7	data	datum	NOUN
issue-1191	117	8	risk	risk	NOUN
issue-1191	117	9	and	and	CCONJ
issue-1191	117	10	return	return	VERB
issue-1191	117	11	tradeoff	tradeoff	NOUN
issue-1191	117	12	and	and	CCONJ
issue-1191	117	13	the	the	DET
issue-1191	117	14	importance	importance	NOUN
issue-1191	117	15	of	of	ADP
issue-1191	117	16	this	this	DET
issue-1191	117	17	factor	factor	NOUN
issue-1191	117	18	in	in	ADP
issue-1191	117	19	terms	term	NOUN
issue-1191	117	20	of	of	ADP
issue-1191	117	21	global	global	ADJ
issue-1191	117	22	capital	capital	NOUN
issue-1191	117	23	flows	flow	NOUN
issue-1191	117	24	define	define	VERB
issue-1191	117	25	the	the	DET
issue-1191	117	26	framework	framework	NOUN
issue-1191	117	27	,	,	PUNCT
issue-1191	117	28	rationale	rationale	NOUN
issue-1191	117	29	and	and	CCONJ
issue-1191	117	30	coherence	coherence	NOUN
issue-1191	117	31	of	of	ADP
issue-1191	117	32	our	our	PRON
issue-1191	117	33	study	study	NOUN
issue-1191	117	34	.	.	PUNCT
issue-1191	118	1	our	our	PRON
issue-1191	118	2	primary	primary	ADJ
issue-1191	118	3	hypothesis	hypothesis	NOUN
issue-1191	118	4	provides	provide	VERB
issue-1191	118	5	that	that	SCONJ
issue-1191	118	6	there	there	PRON
issue-1191	118	7	are	be	VERB
issue-1191	118	8	some	some	DET
issue-1191	118	9	specific	specific	ADJ
issue-1191	118	10	patterns	pattern	NOUN
issue-1191	118	11	of	of	ADP
issue-1191	118	12	risk	risk	NOUN
issue-1191	118	13	and	and	CCONJ
issue-1191	118	14	return	return	VERB
issue-1191	118	15	tradeoff	tradeoff	NOUN
issue-1191	118	16	during	during	ADP
issue-1191	118	17	crisis	crisis	NOUN
issue-1191	118	18	periods	period	NOUN
issue-1191	118	19	(	(	PUNCT
issue-1191	118	20	for	for	ADP
issue-1191	118	21	developed	developed	ADJ
issue-1191	118	22	,	,	PUNCT
issue-1191	118	23	emerging	emerge	VERB
issue-1191	118	24	and	and	CCONJ
issue-1191	118	25	frontier	frontier	NOUN
issue-1191	118	26	markets	market	NOUN
issue-1191	118	27	as	as	ADV
issue-1191	118	28	well	well	ADV
issue-1191	118	29	as	as	ADP
issue-1191	118	30	for	for	ADP
issue-1191	118	31	the	the	DET
issue-1191	118	32	global	global	ADJ
issue-1191	118	33	market	market	NOUN
issue-1191	118	34	as	as	ADP
issue-1191	118	35	a	a	DET
issue-1191	118	36	whole	whole	NOUN
issue-1191	118	37	)	)	PUNCT
issue-1191	118	38	that	that	PRON
issue-1191	118	39	substantially	substantially	ADV
issue-1191	118	40	differ	differ	VERB
issue-1191	118	41	from	from	ADP
issue-1191	118	42	those	those	DET
issue-1191	118	43	ones	one	NOUN
issue-1191	118	44	relevant	relevant	ADJ
issue-1191	118	45	for	for	ADP
issue-1191	118	46	regular	regular	ADJ
issue-1191	118	47	markets	market	NOUN
issue-1191	118	48	regimes	regime	NOUN
issue-1191	118	49	and	and	CCONJ
issue-1191	118	50	that	that	PRON
issue-1191	118	51	define	define	VERB
issue-1191	118	52	global	global	ADJ
issue-1191	118	53	portfolio	portfolio	NOUN
issue-1191	118	54	equity	equity	NOUN
issue-1191	118	55	flows	flow	NOUN
issue-1191	118	56	in	in	ADP
issue-1191	118	57	such	such	ADJ
issue-1191	118	58	periods	period	NOUN
issue-1191	118	59	.	.	PUNCT
issue-1191	119	1	in	in	ADP
issue-1191	119	2	the	the	DET
issue-1191	119	3	light	light	NOUN
issue-1191	119	4	of	of	ADP
issue-1191	119	5	confirming	confirm	VERB
issue-1191	119	6	or	or	CCONJ
issue-1191	119	7	rejecting	reject	VERB
issue-1191	119	8	this	this	DET
issue-1191	119	9	hypothesis	hypothesis	NOUN
issue-1191	119	10	the	the	DET
issue-1191	119	11	main	main	ADJ
issue-1191	119	12	objective	objective	NOUN
issue-1191	119	13	of	of	ADP
issue-1191	119	14	the	the	DET
issue-1191	119	15	present	present	ADJ
issue-1191	119	16	study	study	NOUN
issue-1191	119	17	appears	appear	VERB
issue-1191	119	18	to	to	PART
issue-1191	119	19	reveal	reveal	VERB
issue-1191	119	20	these	these	DET
issue-1191	119	21	patterns	pattern	NOUN
issue-1191	119	22	with	with	ADP
issue-1191	119	23	respective	respective	ADJ
issue-1191	119	24	quantitative	quantitative	ADJ
issue-1191	119	25	markers	marker	NOUN
issue-1191	119	26	,	,	PUNCT
issue-1191	119	27	define	define	VERB
issue-1191	119	28	their	their	PRON
issue-1191	119	29	essential	essential	ADJ
issue-1191	119	30	differences	difference	NOUN
issue-1191	119	31	from	from	ADP
issue-1191	119	32	patterns	pattern	NOUN
issue-1191	119	33	of	of	ADP
issue-1191	119	34	regular	regular	ADJ
issue-1191	119	35	market	market	NOUN
issue-1191	119	36	regimes	regime	NOUN
issue-1191	119	37	and	and	CCONJ
issue-1191	119	38	to	to	PART
issue-1191	119	39	specify	specify	VERB
issue-1191	119	40	their	their	PRON
issue-1191	119	41	implications	implication	NOUN
issue-1191	119	42	for	for	ADP
issue-1191	119	43	equity	equity	NOUN
issue-1191	119	44	portfolio	portfolio	NOUN
issue-1191	119	45	flows	flow	VERB
issue-1191	119	46	to	to	ADP
issue-1191	119	47	different	different	ADJ
issue-1191	119	48	market	market	NOUN
issue-1191	119	49	groups	group	NOUN
issue-1191	119	50	.	.	PUNCT
issue-1191	120	1	risks	risk	NOUN
issue-1191	120	2	and	and	CCONJ
issue-1191	120	3	returns	return	NOUN
issue-1191	120	4	will	will	AUX
issue-1191	120	5	be	be	AUX
issue-1191	120	6	explored	explore	VERB
issue-1191	120	7	using	use	VERB
issue-1191	120	8	standard	standard	ADJ
issue-1191	120	9	technique	technique	NOUN
issue-1191	120	10	.	.	PUNCT
issue-1191	121	1	morgan	morgan	PROPN
issue-1191	121	2	stanley	stanley	PROPN
issue-1191	121	3	capital	capital	PROPN
issue-1191	121	4	international	international	PROPN
issue-1191	121	5	indices	indice	VERB
issue-1191	121	6	monthly	monthly	ADJ
issue-1191	121	7	data	datum	NOUN
issue-1191	121	8	for	for	ADP
issue-1191	121	9	different	different	ADJ
issue-1191	121	10	market	market	NOUN
issue-1191	121	11	groups	group	NOUN
issue-1191	121	12	will	will	AUX
issue-1191	121	13	be	be	AUX
issue-1191	121	14	analyzed	analyze	VERB
issue-1191	121	15	(	(	PUNCT
issue-1191	121	16	msci	msci	NOUN
issue-1191	121	17	,	,	PUNCT
issue-1191	121	18	2021	2021	NUM
issue-1191	121	19	)	)	PUNCT
issue-1191	121	20	.	.	PUNCT
issue-1191	122	1	all	all	DET
issue-1191	122	2	indices	index	NOUN
issue-1191	122	3	’	'	PUNCT
issue-1191	122	4	values	value	NOUN
issue-1191	122	5	are	be	AUX
issue-1191	122	6	at	at	ADP
issue-1191	122	7	a	a	DET
issue-1191	122	8	gross	gross	ADJ
issue-1191	122	9	level	level	NOUN
issue-1191	122	10	and	and	CCONJ
issue-1191	122	11	converted	convert	VERB
issue-1191	122	12	into	into	ADP
issue-1191	122	13	usd	usd	NOUN
issue-1191	122	14	.	.	PUNCT
issue-1191	123	1	absolute	absolute	ADJ
issue-1191	123	2	values	value	NOUN
issue-1191	123	3	are	be	AUX
issue-1191	123	4	used	use	VERB
issue-1191	123	5	to	to	PART
issue-1191	123	6	compute	compute	VERB
issue-1191	123	7	returns	return	NOUN
issue-1191	123	8	and	and	CCONJ
issue-1191	123	9	their	their	PRON
issue-1191	123	10	standard	standard	ADJ
issue-1191	123	11	deviations	deviation	NOUN
issue-1191	123	12	.	.	PUNCT
issue-1191	124	1	developed	develop	VERB
issue-1191	124	2	market	market	NOUN
issue-1191	124	3	group	group	NOUN
issue-1191	124	4	is	be	AUX
issue-1191	124	5	represented	represent	VERB
issue-1191	124	6	by	by	ADP
issue-1191	124	7	24	24	NUM
issue-1191	124	8	markets	market	NOUN
issue-1191	124	9	:	:	PUNCT
issue-1191	124	10	canada	canada	PROPN
issue-1191	124	11	,	,	PUNCT
issue-1191	124	12	the	the	DET
issue-1191	124	13	usa	usa	PROPN
issue-1191	124	14	,	,	PUNCT
issue-1191	124	15	austria	austria	PROPN
issue-1191	124	16	,	,	PUNCT
issue-1191	124	17	belgium	belgium	PROPN
issue-1191	124	18	,	,	PUNCT
issue-1191	124	19	denmark	denmark	PROPN
issue-1191	124	20	,	,	PUNCT
issue-1191	124	21	finland	finland	PROPN
issue-1191	124	22	,	,	PUNCT
issue-1191	124	23	france	france	PROPN
issue-1191	124	24	,	,	PUNCT
issue-1191	124	25	germany	germany	PROPN
issue-1191	124	26	,	,	PUNCT
issue-1191	124	27	ireland	ireland	PROPN
issue-1191	124	28	,	,	PUNCT
issue-1191	124	29	israel	israel	PROPN
issue-1191	124	30	,	,	PUNCT
issue-1191	124	31	italy	italy	PROPN
issue-1191	124	32	,	,	PUNCT
issue-1191	124	33	the	the	DET
issue-1191	124	34	netherlands	netherlands	PROPN
issue-1191	124	35	,	,	PUNCT
issue-1191	124	36	norway	norway	PROPN
issue-1191	124	37	,	,	PUNCT
issue-1191	124	38	portugal	portugal	PROPN
issue-1191	124	39	,	,	PUNCT
issue-1191	124	40	spain	spain	PROPN
issue-1191	124	41	,	,	PUNCT
issue-1191	124	42	sweden	sweden	PROPN
issue-1191	124	43	,	,	PUNCT
issue-1191	124	44	switzerland	switzerland	PROPN
issue-1191	124	45	,	,	PUNCT
issue-1191	124	46	the	the	DET
issue-1191	124	47	uk	uk	PROPN
issue-1191	124	48	,	,	PUNCT
issue-1191	124	49	australia	australia	PROPN
issue-1191	124	50	,	,	PUNCT
issue-1191	124	51	hong	hong	PROPN
issue-1191	124	52	kong	kong	PROPN
issue-1191	124	53	,	,	PUNCT
issue-1191	124	54	new	new	ADJ
issue-1191	124	55	zeeland	zeeland	PROPN
issue-1191	124	56	,	,	PUNCT
issue-1191	124	57	japan	japan	PROPN
issue-1191	124	58	and	and	CCONJ
issue-1191	124	59	singapore	singapore	PROPN
issue-1191	124	60	.	.	PUNCT
issue-1191	125	1	consolidated	consolidate	VERB
issue-1191	125	2	analysis	analysis	NOUN
issue-1191	125	3	of	of	ADP
issue-1191	125	4	the	the	DET
issue-1191	125	5	group	group	NOUN
issue-1191	125	6	will	will	AUX
issue-1191	125	7	be	be	AUX
issue-1191	125	8	carried	carry	VERB
issue-1191	125	9	out	out	ADP
issue-1191	125	10	using	use	VERB
issue-1191	125	11	the	the	DET
issue-1191	125	12	special	special	ADJ
issue-1191	125	13	msci	msci	PROPN
issue-1191	125	14	world	world	PROPN
issue-1191	125	15	index	index	NOUN
issue-1191	125	16	(	(	PUNCT
issue-1191	125	17	world	world	NOUN
issue-1191	125	18	)	)	PUNCT
issue-1191	125	19	.	.	PUNCT
issue-1191	126	1	emerging	emerge	VERB
issue-1191	126	2	markets	market	NOUN
issue-1191	126	3	include	include	VERB
issue-1191	126	4	argentina	argentina	PROPN
issue-1191	126	5	,	,	PUNCT
issue-1191	126	6	brazil	brazil	PROPN
issue-1191	126	7	,	,	PUNCT
issue-1191	126	8	chile	chile	PROPN
issue-1191	126	9	,	,	PUNCT
issue-1191	126	10	colombia	colombia	PROPN
issue-1191	126	11	,	,	PUNCT
issue-1191	126	12	mexico	mexico	PROPN
issue-1191	126	13	,	,	PUNCT
issue-1191	126	14	peru	peru	PROPN
issue-1191	126	15	,	,	PUNCT
issue-1191	126	16	czech	czech	PROPN
issue-1191	126	17	republic	republic	PROPN
issue-1191	126	18	,	,	PUNCT
issue-1191	126	19	egypt	egypt	PROPN
issue-1191	126	20	,	,	PUNCT
issue-1191	126	21	greece	greece	PROPN
issue-1191	126	22	,	,	PUNCT
issue-1191	126	23	hungary	hungary	PROPN
issue-1191	126	24	,	,	PUNCT
issue-1191	126	25	kuwait	kuwait	PROPN
issue-1191	126	26	,	,	PUNCT
issue-1191	126	27	poland	poland	PROPN
issue-1191	126	28	,	,	PUNCT
issue-1191	126	29	qatar	qatar	PROPN
issue-1191	126	30	,	,	PUNCT
issue-1191	126	31	russia	russia	PROPN
issue-1191	126	32	,	,	PUNCT
issue-1191	126	33	saudi	saudi	PROPN
issue-1191	126	34	arabia	arabia	PROPN
issue-1191	126	35	,	,	PUNCT
issue-1191	126	36	south	south	PROPN
issue-1191	126	37	africa	africa	PROPN
issue-1191	126	38	,	,	PUNCT
issue-1191	126	39	turkey	turkey	PROPN
issue-1191	126	40	,	,	PUNCT
issue-1191	126	41	united	united	PROPN
issue-1191	126	42	arab	arab	PROPN
issue-1191	126	43	emirates	emirates	PROPN
issue-1191	126	44	,	,	PUNCT
issue-1191	126	45	china	china	PROPN
issue-1191	126	46	,	,	PUNCT
issue-1191	126	47	india	india	PROPN
issue-1191	126	48	,	,	PUNCT
issue-1191	126	49	indonesia	indonesia	PROPN
issue-1191	126	50	,	,	PUNCT
issue-1191	126	51	korea	korea	PROPN
issue-1191	126	52	,	,	PUNCT
issue-1191	126	53	malaysia	malaysia	PROPN
issue-1191	126	54	,	,	PUNCT
issue-1191	126	55	pakistan	pakistan	PROPN
issue-1191	126	56	,	,	PUNCT
issue-1191	126	57	the	the	DET
issue-1191	126	58	philippines	philippine	NOUN
issue-1191	126	59	,	,	PUNCT
issue-1191	126	60	taiwan	taiwan	PROPN
issue-1191	126	61	and	and	CCONJ
issue-1191	126	62	thailand	thailand	PROPN
issue-1191	126	63	–	–	PUNCT
issue-1191	126	64	27	27	NUM
issue-1191	126	65	markets	market	NOUN
issue-1191	126	66	altogether	altogether	ADV
issue-1191	126	67	.	.	PUNCT
issue-1191	127	1	respective	respective	ADJ
issue-1191	127	2	group	group	NOUN
issue-1191	127	3	index	index	NOUN
issue-1191	127	4	is	be	AUX
issue-1191	127	5	the	the	DET
issue-1191	127	6	msci	msci	PROPN
issue-1191	127	7	emerging	emerge	VERB
issue-1191	127	8	markets	market	NOUN
issue-1191	127	9	index	index	NOUN
issue-1191	127	10	(	(	PUNCT
issue-1191	127	11	em	em	PRON
issue-1191	127	12	)	)	PUNCT
issue-1191	127	13	.	.	PUNCT
issue-1191	128	1	finally	finally	ADV
issue-1191	128	2	,	,	PUNCT
issue-1191	128	3	the	the	DET
issue-1191	128	4	frontier	frontier	NOUN
issue-1191	128	5	group	group	NOUN
issue-1191	128	6	is	be	AUX
issue-1191	128	7	represented	represent	VERB
issue-1191	128	8	by	by	ADP
issue-1191	128	9	22	22	NUM
issue-1191	128	10	markets	market	NOUN
issue-1191	128	11	of	of	ADP
issue-1191	128	12	croatia	croatia	PROPN
issue-1191	128	13	,	,	PUNCT
issue-1191	128	14	estonia	estonia	PROPN
issue-1191	128	15	,	,	PUNCT
issue-1191	128	16	lithuania	lithuania	PROPN
issue-1191	128	17	,	,	PUNCT
issue-1191	128	18	kazakhstan	kazakhstan	PROPN
issue-1191	128	19	,	,	PUNCT
issue-1191	128	20	romania	romania	PROPN
issue-1191	128	21	,	,	PUNCT
issue-1191	128	22	serbia	serbia	PROPN
issue-1191	128	23	,	,	PUNCT
issue-1191	128	24	slovenia	slovenia	PROPN
issue-1191	128	25	,	,	PUNCT
issue-1191	128	26	kenya	kenya	PROPN
issue-1191	128	27	,	,	PUNCT
issue-1191	128	28	mauritius	mauritius	PROPN
issue-1191	128	29	,	,	PUNCT
issue-1191	128	30	morocco	morocco	PROPN
issue-1191	128	31	,	,	PUNCT
issue-1191	128	32	nigeria	nigeria	PROPN
issue-1191	128	33	,	,	PUNCT
issue-1191	128	34	tunisia	tunisia	PROPN
issue-1191	128	35	,	,	PUNCT
issue-1191	128	36	benin	benin	PROPN
issue-1191	128	37	,	,	PUNCT
issue-1191	128	38	senegal	senegal	NOUN
issue-1191	128	39	,	,	PUNCT
issue-1191	128	40	ivory	ivory	PROPN
issue-1191	128	41	coast	coast	PROPN
issue-1191	128	42	,	,	PUNCT
issue-1191	128	43	burkina	burkina	PROPN
issue-1191	128	44	faso	faso	PROPN
issue-1191	128	45	,	,	PUNCT
issue-1191	128	46	bahrain	bahrain	NOUN
issue-1191	128	47	,	,	PUNCT
issue-1191	128	48	jordan	jordan	PROPN
issue-1191	128	49	,	,	PUNCT
issue-1191	128	50	oman	oman	PROPN
issue-1191	128	51	,	,	PUNCT
issue-1191	128	52	bangladesh	bangladesh	PROPN
issue-1191	128	53	,	,	PUNCT
issue-1191	128	54	sri	sri	PROPN
issue-1191	128	55	lanka	lanka	PROPN
issue-1191	128	56	and	and	CCONJ
issue-1191	128	57	vietnam	vietnam	PROPN
issue-1191	128	58	.	.	PUNCT
issue-1191	129	1	this	this	DET
issue-1191	129	2	group	group	NOUN
issue-1191	129	3	is	be	AUX
issue-1191	129	4	generalized	generalize	VERB
issue-1191	129	5	by	by	ADP
issue-1191	129	6	the	the	DET
issue-1191	129	7	msci	msci	PROPN
issue-1191	129	8	frontier	frontier	NOUN
issue-1191	129	9	markets	market	NOUN
issue-1191	129	10	index	index	NOUN
issue-1191	129	11	(	(	PUNCT
issue-1191	129	12	fm	fm	NOUN
issue-1191	129	13	)	)	PUNCT
issue-1191	129	14	.	.	PUNCT
issue-1191	130	1	all	all	DET
issue-1191	130	2	markets	market	NOUN
issue-1191	130	3	representing	represent	VERB
issue-1191	130	4	msci	msci	PROPN
issue-1191	130	5	standalone	standalone	NOUN
issue-1191	130	6	indices	index	NOUN
issue-1191	130	7	are	be	AUX
issue-1191	130	8	excluded	exclude	VERB
issue-1191	130	9	from	from	ADP
issue-1191	130	10	the	the	DET
issue-1191	130	11	study	study	NOUN
issue-1191	130	12	.	.	PUNCT
issue-1191	131	1	for	for	ADP
issue-1191	131	2	the	the	DET
issue-1191	131	3	global	global	ADJ
issue-1191	131	4	market	market	NOUN
issue-1191	131	5	we	we	PRON
issue-1191	131	6	shall	shall	AUX
issue-1191	131	7	use	use	VERB
issue-1191	131	8	the	the	DET
issue-1191	131	9	msci	msci	PROPN
issue-1191	131	10	all	all	DET
issue-1191	131	11	countries	country	NOUN
issue-1191	131	12	world	world	NOUN
issue-1191	131	13	index	index	NOUN
issue-1191	131	14	+	+	CCONJ
issue-1191	131	15	frontier	frontier	NOUN
issue-1191	131	16	markets	market	NOUN
issue-1191	131	17	(	(	PUNCT
issue-1191	131	18	acwi	acwi	PROPN
issue-1191	131	19	fm	fm	PROPN
issue-1191	131	20	)	)	PUNCT
issue-1191	131	21	.	.	PUNCT
issue-1191	132	1	all	all	DET
issue-1191	132	2	data	datum	NOUN
issue-1191	132	3	cover	cover	VERB
issue-1191	132	4	the	the	DET
issue-1191	132	5	period	period	NOUN
issue-1191	132	6	between	between	ADP
issue-1191	132	7	june	june	PROPN
issue-1191	132	8	2002	2002	NUM
issue-1191	132	9	and	and	CCONJ
issue-1191	132	10	december	december	PROPN
issue-1191	132	11	2020	2020	NUM
issue-1191	132	12	(	(	PUNCT
issue-1191	132	13	march	march	PROPN
issue-1191	132	14	2021	2021	NUM
issue-1191	132	15	where	where	SCONJ
issue-1191	132	16	available	available	ADJ
issue-1191	132	17	)	)	PUNCT
issue-1191	132	18	.	.	PUNCT
issue-1191	133	1	the	the	DET
issue-1191	133	2	latter	latter	ADJ
issue-1191	133	3	date	date	NOUN
issue-1191	133	4	is	be	AUX
issue-1191	133	5	quite	quite	ADV
issue-1191	133	6	reasonable	reasonable	ADJ
issue-1191	133	7	since	since	SCONJ
issue-1191	133	8	it	it	PRON
issue-1191	133	9	reflects	reflect	VERB
issue-1191	133	10	the	the	DET
issue-1191	133	11	latest	late	ADJ
issue-1191	133	12	available	available	ADJ
issue-1191	133	13	full	full	ADJ
issue-1191	133	14	year	year	NOUN
issue-1191	133	15	data	datum	NOUN
issue-1191	133	16	.	.	PUNCT
issue-1191	134	1	the	the	DET
issue-1191	134	2	first	first	ADJ
issue-1191	134	3	date	date	NOUN
issue-1191	134	4	is	be	AUX
issue-1191	134	5	explained	explain	VERB
issue-1191	134	6	by	by	ADP
issue-1191	134	7	the	the	DET
issue-1191	134	8	fact	fact	NOUN
issue-1191	134	9	that	that	SCONJ
issue-1191	134	10	the	the	DET
issue-1191	134	11	imf	imf	PROPN
issue-1191	134	12	data	datum	NOUN
issue-1191	134	13	on	on	ADP
issue-1191	134	14	global	global	ADJ
issue-1191	134	15	portfolio	portfolio	NOUN
issue-1191	134	16	assets	asset	NOUN
issue-1191	134	17	and	and	CCONJ
issue-1191	134	18	liabilities	liability	NOUN
issue-1191	134	19	is	be	AUX
issue-1191	134	20	provided	provide	VERB
issue-1191	134	21	since	since	SCONJ
issue-1191	134	22	2001	2001	NUM
issue-1191	134	23	and	and	CCONJ
issue-1191	134	24	later	later	ADV
issue-1191	134	25	on	on	ADV
issue-1191	134	26	in	in	ADP
issue-1191	134	27	the	the	DET
issue-1191	134	28	present	present	ADJ
issue-1191	134	29	study	study	NOUN
issue-1191	134	30	we	we	PRON
issue-1191	134	31	shall	shall	AUX
issue-1191	134	32	use	use	VERB
issue-1191	134	33	this	this	DET
issue-1191	134	34	data	data	NOUN
issue-1191	134	35	.	.	PUNCT
issue-1191	135	1	thus	thus	ADV
issue-1191	135	2	,	,	PUNCT
issue-1191	135	3	we	we	PRON
issue-1191	135	4	fix	fix	VERB
issue-1191	135	5	the	the	DET
issue-1191	135	6	beginning	beginning	NOUN
issue-1191	135	7	of	of	ADP
issue-1191	135	8	the	the	DET
issue-1191	135	9	period	period	NOUN
issue-1191	135	10	under	under	ADP
issue-1191	135	11	question	question	NOUN
issue-1191	135	12	by	by	ADP
issue-1191	135	13	2002	2002	NUM
issue-1191	135	14	since	since	SCONJ
issue-1191	135	15	the	the	DET
issue-1191	135	16	earlier	early	ADJ
issue-1191	135	17	analysis	analysis	NOUN
issue-1191	135	18	would	would	AUX
issue-1191	135	19	be	be	AUX
issue-1191	135	20	of	of	ADP
issue-1191	135	21	much	much	ADV
issue-1191	135	22	less	less	ADJ
issue-1191	135	23	use	use	NOUN
issue-1191	135	24	in	in	ADP
issue-1191	135	25	terms	term	NOUN
issue-1191	135	26	of	of	ADP
issue-1191	135	27	contemporary	contemporary	ADJ
issue-1191	135	28	crises	crisis	NOUN
issue-1191	135	29	.	.	PUNCT
issue-1191	136	1	the	the	DET
issue-1191	136	2	full	full	ADJ
issue-1191	136	3	msci	msci	PROPN
issue-1191	136	4	data	datum	NOUN
issue-1191	136	5	for	for	ADP
issue-1191	136	6	all	all	DET
issue-1191	136	7	indices	index	NOUN
issue-1191	136	8	used	use	VERB
issue-1191	136	9	is	be	AUX
issue-1191	136	10	available	available	ADJ
issue-1191	136	11	since	since	SCONJ
issue-1191	136	12	may	may	PROPN
issue-1191	136	13	2002	2002	NUM
issue-1191	136	14	only	only	ADV
issue-1191	136	15	.	.	PUNCT
issue-1191	137	1	where	where	SCONJ
issue-1191	137	2	possible	possible	ADJ
issue-1191	137	3	,	,	PUNCT
issue-1191	137	4	we	we	PRON
issue-1191	137	5	shall	shall	AUX
issue-1191	137	6	also	also	ADV
issue-1191	137	7	address	address	VERB
issue-1191	137	8	the	the	DET
issue-1191	137	9	data	datum	NOUN
issue-1191	137	10	for	for	ADP
issue-1191	137	11	2021	2021	NUM
issue-1191	137	12	though	though	SCONJ
issue-1191	137	13	it	it	PRON
issue-1191	137	14	is	be	AUX
issue-1191	137	15	not	not	PART
issue-1191	137	16	reflecting	reflect	VERB
issue-1191	137	17	the	the	DET
issue-1191	137	18	full	full	ADJ
issue-1191	137	19	year	year	NOUN
issue-1191	137	20	and	and	CCONJ
issue-1191	137	21	thus	thus	ADV
issue-1191	137	22	should	should	AUX
issue-1191	137	23	be	be	AUX
issue-1191	137	24	treated	treat	VERB
issue-1191	137	25	with	with	ADP
issue-1191	137	26	caution	caution	NOUN
issue-1191	137	27	.	.	PUNCT
issue-1191	138	1	market	market	NOUN
issue-1191	138	2	groups	group	NOUN
issue-1191	138	3	volatility	volatility	NOUN
issue-1191	138	4	will	will	AUX
issue-1191	138	5	be	be	AUX
issue-1191	138	6	estimated	estimate	VERB
issue-1191	138	7	using	use	VERB
issue-1191	138	8	monthly	monthly	ADJ
issue-1191	138	9	returns	return	NOUN
issue-1191	138	10	computed	compute	VERB
issue-1191	138	11	via	via	ADP
issue-1191	138	12	the	the	DET
issue-1191	138	13	standard	standard	ADJ
issue-1191	138	14	statistical	statistical	ADJ
issue-1191	138	15	approach	approach	NOUN
issue-1191	138	16	.	.	PUNCT
issue-1191	139	1	standard	standard	ADJ
issue-1191	139	2	deviations	deviation	NOUN
issue-1191	139	3	will	will	AUX
issue-1191	139	4	be	be	AUX
issue-1191	139	5	calculated	calculate	VERB
issue-1191	139	6	for	for	ADP
issue-1191	139	7	12	12	NUM
issue-1191	139	8	monthly	monthly	ADJ
issue-1191	139	9	returns	return	NOUN
issue-1191	139	10	for	for	ADP
issue-1191	139	11	each	each	DET
issue-1191	139	12	year	year	NOUN
issue-1191	139	13	under	under	ADP
issue-1191	139	14	question	question	NOUN
issue-1191	139	15	.	.	PUNCT
issue-1191	140	1	such	such	ADJ
issue-1191	140	2	approach	approach	NOUN
issue-1191	140	3	might	might	AUX
issue-1191	140	4	seem	seem	VERB
issue-1191	140	5	to	to	PART
issue-1191	140	6	be	be	AUX
issue-1191	140	7	statistically	statistically	ADV
issue-1191	140	8	inconsistent	inconsistent	ADJ
issue-1191	140	9	due	due	ADP
issue-1191	140	10	to	to	ADP
issue-1191	140	11	the	the	DET
issue-1191	140	12	little	little	ADJ
issue-1191	140	13	quantity	quantity	NOUN
issue-1191	140	14	of	of	ADP
issue-1191	140	15	observations	observation	NOUN
issue-1191	140	16	–	–	PUNCT
issue-1191	140	17	all	all	DET
issue-1191	140	18	others	other	NOUN
issue-1191	140	19	equal	equal	VERB
issue-1191	140	20	60	60	NUM
issue-1191	140	21	returns	return	NOUN
issue-1191	140	22	is	be	AUX
issue-1191	140	23	considered	consider	VERB
issue-1191	140	24	to	to	PART
issue-1191	140	25	be	be	AUX
issue-1191	140	26	relevant	relevant	ADJ
issue-1191	140	27	quantity	quantity	NOUN
issue-1191	140	28	.	.	PUNCT
issue-1191	141	1	however	however	ADV
issue-1191	141	2	,	,	PUNCT
issue-1191	141	3	since	since	SCONJ
issue-1191	141	4	the	the	DET
issue-1191	141	5	expected	expect	VERB
issue-1191	141	6	statistical	statistical	ADJ
issue-1191	141	7	result	result	NOUN
issue-1191	141	8	is	be	AUX
issue-1191	141	9	quite	quite	ADV
issue-1191	141	10	predictable	predictable	ADJ
issue-1191	141	11	considering	consider	VERB
issue-1191	141	12	existing	exist	VERB
issue-1191	141	13	factors	factor	NOUN
issue-1191	141	14	and	and	CCONJ
issue-1191	141	15	actually	actually	ADV
issue-1191	141	16	known	know	VERB
issue-1191	141	17	periods	period	NOUN
issue-1191	141	18	of	of	ADP
issue-1191	141	19	instability	instability	NOUN
issue-1191	141	20	,	,	PUNCT
issue-1191	141	21	we	we	PRON
issue-1191	141	22	do	do	AUX
issue-1191	141	23	not	not	PART
issue-1191	141	24	need	need	VERB
issue-1191	141	25	the	the	DET
issue-1191	141	26	precise	precise	ADJ
issue-1191	141	27	statistical	statistical	ADJ
issue-1191	141	28	coincidence	coincidence	NOUN
issue-1191	141	29	and	and	CCONJ
issue-1191	141	30	other	other	ADJ
issue-1191	141	31	possible	possible	ADJ
issue-1191	141	32	statistical	statistical	ADJ
issue-1191	141	33	verification	verification	NOUN
issue-1191	141	34	.	.	PUNCT
issue-1191	142	1	the	the	DET
issue-1191	142	2	pure	pure	ADJ
issue-1191	142	3	quantitative	quantitative	ADJ
issue-1191	142	4	result	result	NOUN
issue-1191	142	5	would	would	AUX
issue-1191	142	6	be	be	AUX
issue-1191	142	7	quite	quite	ADV
issue-1191	142	8	sufficient	sufficient	ADJ
issue-1191	142	9	for	for	ADP
issue-1191	142	10	the	the	DET
issue-1191	142	11	current	current	ADJ
issue-1191	142	12	analysis	analysis	NOUN
issue-1191	142	13	.	.	PUNCT
issue-1191	143	1	exceptions	exception	NOUN
issue-1191	143	2	are	be	AUX
issue-1191	143	3	for	for	ADP
issue-1191	143	4	2002	2002	NUM
issue-1191	143	5	where	where	SCONJ
issue-1191	143	6	we	we	PRON
issue-1191	143	7	have	have	VERB
issue-1191	143	8	only	only	ADV
issue-1191	143	9	7	7	NUM
issue-1191	143	10	returns	return	NOUN
issue-1191	143	11	and	and	CCONJ
issue-1191	143	12	for	for	ADP
issue-1191	143	13	2021	2021	NUM
issue-1191	143	14	with	with	ADP
issue-1191	143	15	3	3	NUM
issue-1191	143	16	returns	return	NOUN
issue-1191	143	17	only	only	ADV
issue-1191	143	18	.	.	PUNCT
issue-1191	144	1	data	datum	NOUN
issue-1191	144	2	on	on	ADP
issue-1191	144	3	global	global	ADJ
issue-1191	144	4	portfolio	portfolio	NOUN
issue-1191	144	5	flows	flow	NOUN
issue-1191	144	6	is	be	AUX
issue-1191	144	7	represented	represent	VERB
issue-1191	144	8	by	by	ADP
issue-1191	144	9	assets	asset	NOUN
issue-1191	144	10	and	and	CCONJ
issue-1191	144	11	liabilities	liability	NOUN
issue-1191	144	12	figures	figure	NOUN
issue-1191	144	13	rather	rather	ADV
issue-1191	144	14	that	that	SCONJ
issue-1191	144	15	by	by	ADP
issue-1191	144	16	direct	direct	ADJ
issue-1191	144	17	flows	flow	NOUN
issue-1191	144	18	data	datum	NOUN
issue-1191	144	19	.	.	PUNCT
issue-1191	145	1	that	that	PRON
issue-1191	145	2	is	be	AUX
issue-1191	145	3	because	because	SCONJ
issue-1191	145	4	of	of	ADP
issue-1191	145	5	two	two	NUM
issue-1191	145	6	reasons	reason	NOUN
issue-1191	145	7	.	.	PUNCT
issue-1191	146	1	firstly	firstly	ADV
issue-1191	146	2	,	,	PUNCT
issue-1191	146	3	cumulative	cumulative	ADJ
issue-1191	146	4	data	datum	NOUN
issue-1191	146	5	is	be	AUX
issue-1191	146	6	much	much	ADV
issue-1191	146	7	more	more	ADV
issue-1191	146	8	sustainable	sustainable	ADJ
issue-1191	146	9	in	in	ADP
issue-1191	146	10	terms	term	NOUN
issue-1191	146	11	of	of	ADP
issue-1191	146	12	statistical	statistical	ADJ
issue-1191	146	13	analysis	analysis	NOUN
issue-1191	146	14	compared	compare	VERB
issue-1191	146	15	to	to	ADP
issue-1191	146	16	the	the	DET
issue-1191	146	17	yearly	yearly	ADJ
issue-1191	146	18	basis	basis	NOUN
issue-1191	146	19	data	datum	NOUN
issue-1191	146	20	.	.	PUNCT
issue-1191	147	1	secondly	secondly	ADV
issue-1191	147	2	,	,	PUNCT
issue-1191	147	3	the	the	DET
issue-1191	147	4	imf	imf	PROPN
issue-1191	147	5	coordinated	coordinate	VERB
issue-1191	147	6	portfolio	portfolio	NOUN
issue-1191	147	7	investment	investment	NOUN
issue-1191	147	8	survey	survey	NOUN
issue-1191	147	9	(	(	PUNCT
issue-1191	147	10	cpis	cpis	ADV
issue-1191	147	11	)	)	PUNCT
issue-1191	147	12	provides	provide	VERB
issue-1191	147	13	assets	asset	NOUN
issue-1191	147	14	and	and	CCONJ
issue-1191	147	15	liabilities	liability	NOUN
issue-1191	147	16	statistics	statistic	NOUN
issue-1191	147	17	in	in	ADP
issue-1191	147	18	a	a	DET
issue-1191	147	19	comprehensive	comprehensive	ADJ
issue-1191	147	20	and	and	CCONJ
issue-1191	147	21	organized	organized	ADJ
issue-1191	147	22	way	way	NOUN
issue-1191	147	23	so	so	SCONJ
issue-1191	147	24	that	that	SCONJ
issue-1191	147	25	it	it	PRON
issue-1191	147	26	can	can	AUX
issue-1191	147	27	be	be	AUX
issue-1191	147	28	relevantly	relevantly	ADV
issue-1191	147	29	used	use	VERB
issue-1191	147	30	in	in	ADP
issue-1191	147	31	the	the	DET
issue-1191	147	32	analysis	analysis	NOUN
issue-1191	147	33	(	(	PUNCT
issue-1191	147	34	imf	imf	PROPN
issue-1191	147	35	,	,	PUNCT
issue-1191	147	36	2021	2021	NUM
issue-1191	147	37	-	-	SYM
issue-1191	147	38	1	1	NUM
issue-1191	147	39	)	)	PUNCT
issue-1191	147	40	.	.	PUNCT
issue-1191	148	1	this	this	DET
issue-1191	148	2	data	datum	NOUN
issue-1191	148	3	baltic	baltic	PROPN
issue-1191	148	4	journal	journal	PROPN
issue-1191	148	5	of	of	ADP
issue-1191	148	6	economic	economic	ADJ
issue-1191	148	7	studies	study	NOUN
issue-1191	148	8	101	101	NUM
issue-1191	148	9	vol	vol	NOUN
issue-1191	148	10	.	.	PROPN
issue-1191	148	11	7	7	NUM
issue-1191	149	1	no	no	NOUN
issue-1191	149	2	.	.	NOUN
issue-1191	150	1	3	3	NUM
issue-1191	150	2	,	,	PUNCT
issue-1191	150	3	2021	2021	NUM
issue-1191	150	4	will	will	AUX
issue-1191	150	5	be	be	AUX
issue-1191	150	6	arranged	arrange	VERB
issue-1191	150	7	for	for	SCONJ
issue-1191	150	8	all	all	DET
issue-1191	150	9	countries	country	NOUN
issue-1191	150	10	represented	represent	VERB
issue-1191	150	11	by	by	ADP
issue-1191	150	12	msci	msci	PROPN
issue-1191	150	13	indices	index	NOUN
issue-1191	150	14	mentioned	mention	VERB
issue-1191	150	15	above	above	ADP
issue-1191	150	16	reflecting	reflect	VERB
issue-1191	150	17	assets	asset	NOUN
issue-1191	150	18	and	and	CCONJ
issue-1191	150	19	liabilities	liability	NOUN
issue-1191	150	20	in	in	ADP
issue-1191	150	21	equity	equity	NOUN
issue-1191	150	22	securities	security	NOUN
issue-1191	150	23	(	(	PUNCT
issue-1191	150	24	installments	installment	NOUN
issue-1191	150	25	in	in	ADP
issue-1191	150	26	investment	investment	NOUN
issue-1191	150	27	fund	fund	NOUN
issue-1191	150	28	securities	security	NOUN
issue-1191	150	29	are	be	AUX
issue-1191	150	30	also	also	ADV
issue-1191	150	31	included	include	VERB
issue-1191	150	32	)	)	PUNCT
issue-1191	150	33	at	at	ADP
issue-1191	150	34	each	each	DET
issue-1191	150	35	year	year	NOUN
issue-1191	150	36	end	end	NOUN
issue-1191	150	37	.	.	PUNCT
issue-1191	151	1	global	global	ADJ
issue-1191	151	2	market	market	NOUN
issue-1191	151	3	capitalization	capitalization	NOUN
issue-1191	151	4	data	datum	NOUN
issue-1191	151	5	stand	stand	VERB
issue-1191	151	6	for	for	ADP
issue-1191	151	7	all	all	DET
issue-1191	151	8	domestic	domestic	ADJ
issue-1191	151	9	markets	market	NOUN
issue-1191	151	10	cap	cap	NOUN
issue-1191	151	11	and	and	CCONJ
issue-1191	151	12	is	be	AUX
issue-1191	151	13	provided	provide	VERB
issue-1191	151	14	by	by	ADP
issue-1191	151	15	the	the	DET
issue-1191	151	16	world	world	PROPN
issue-1191	151	17	federation	federation	PROPN
issue-1191	151	18	of	of	ADP
issue-1191	151	19	exchanges	exchange	NOUN
issue-1191	151	20	–	–	PUNCT
issue-1191	151	21	wfe	wfe	PROPN
issue-1191	151	22	(	(	PUNCT
issue-1191	151	23	wfe	wfe	PROPN
issue-1191	151	24	,	,	PUNCT
issue-1191	151	25	2021	2021	NUM
issue-1191	151	26	)	)	PUNCT
issue-1191	151	27	.	.	PUNCT
issue-1191	152	1	it	it	PRON
issue-1191	152	2	is	be	AUX
issue-1191	152	3	also	also	ADV
issue-1191	152	4	the	the	DET
issue-1191	152	5	stockage	stockage	PROPN
issue-1191	152	6	data	datum	NOUN
issue-1191	152	7	as	as	ADP
issue-1191	152	8	of	of	ADP
issue-1191	152	9	the	the	DET
issue-1191	152	10	end	end	NOUN
issue-1191	152	11	of	of	ADP
issue-1191	152	12	the	the	DET
issue-1191	152	13	year	year	NOUN
issue-1191	152	14	.	.	PUNCT
issue-1191	153	1	the	the	DET
issue-1191	153	2	data	datum	NOUN
issue-1191	153	3	for	for	ADP
issue-1191	153	4	2021	2021	NUM
issue-1191	153	5	is	be	AUX
issue-1191	153	6	as	as	ADP
issue-1191	153	7	of	of	ADP
issue-1191	153	8	the	the	DET
issue-1191	153	9	end	end	NOUN
issue-1191	153	10	february	february	PROPN
issue-1191	153	11	–	–	PUNCT
issue-1191	153	12	the	the	DET
issue-1191	153	13	latest	late	ADJ
issue-1191	153	14	available	available	ADJ
issue-1191	153	15	data	datum	NOUN
issue-1191	153	16	.	.	PUNCT
issue-1191	154	1	identifying	identify	VERB
issue-1191	154	2	crisis	crisis	NOUN
issue-1191	154	3	periods	period	NOUN
issue-1191	154	4	can	can	AUX
issue-1191	154	5	be	be	AUX
issue-1191	154	6	carried	carry	VERB
issue-1191	154	7	out	out	ADP
issue-1191	154	8	using	use	VERB
issue-1191	154	9	purely	purely	ADV
issue-1191	154	10	equity	equity	NOUN
issue-1191	154	11	market	market	NOUN
issue-1191	154	12	markers	marker	NOUN
issue-1191	154	13	.	.	PUNCT
issue-1191	155	1	they	they	PRON
issue-1191	155	2	might	might	AUX
issue-1191	155	3	be	be	AUX
issue-1191	155	4	global	global	ADJ
issue-1191	155	5	market	market	NOUN
issue-1191	155	6	capitalization	capitalization	NOUN
issue-1191	155	7	;	;	PUNCT
issue-1191	155	8	global	global	ADJ
issue-1191	155	9	portfolio	portfolio	NOUN
issue-1191	155	10	equity	equity	NOUN
issue-1191	155	11	flows	flow	NOUN
issue-1191	155	12	and	and	CCONJ
issue-1191	155	13	world	world	NOUN
issue-1191	155	14	market	market	NOUN
issue-1191	155	15	volatility	volatility	NOUN
issue-1191	155	16	measured	measure	VERB
issue-1191	155	17	as	as	ADP
issue-1191	155	18	a	a	DET
issue-1191	155	19	traditional	traditional	ADJ
issue-1191	155	20	standard	standard	ADJ
issue-1191	155	21	deviation	deviation	NOUN
issue-1191	155	22	.	.	PUNCT
issue-1191	156	1	the	the	DET
issue-1191	156	2	first	first	ADJ
issue-1191	156	3	indicator	indicator	NOUN
issue-1191	156	4	is	be	AUX
issue-1191	156	5	obviously	obviously	ADV
issue-1191	156	6	the	the	DET
issue-1191	156	7	derivative	derivative	NOUN
issue-1191	156	8	from	from	ADP
issue-1191	156	9	the	the	DET
issue-1191	156	10	second	second	ADJ
issue-1191	156	11	and	and	CCONJ
issue-1191	156	12	the	the	DET
issue-1191	156	13	third	third	ADJ
issue-1191	156	14	,	,	PUNCT
issue-1191	156	15	since	since	SCONJ
issue-1191	156	16	the	the	DET
issue-1191	156	17	decrease	decrease	NOUN
issue-1191	156	18	in	in	ADP
issue-1191	156	19	capitalization	capitalization	NOUN
issue-1191	156	20	is	be	AUX
issue-1191	156	21	typically	typically	ADV
issue-1191	156	22	the	the	DET
issue-1191	156	23	direct	direct	ADJ
issue-1191	156	24	results	result	NOUN
issue-1191	156	25	of	of	ADP
issue-1191	156	26	rapid	rapid	ADJ
issue-1191	156	27	increase	increase	NOUN
issue-1191	156	28	in	in	ADP
issue-1191	156	29	volatility	volatility	NOUN
issue-1191	156	30	and	and	CCONJ
issue-1191	156	31	equity	equity	NOUN
issue-1191	156	32	outflows	outflow	NOUN
issue-1191	156	33	particularly	particularly	ADV
issue-1191	156	34	the	the	DET
issue-1191	156	35	shift	shift	NOUN
issue-1191	156	36	from	from	ADP
issue-1191	156	37	equities	equity	NOUN
issue-1191	156	38	to	to	ADP
issue-1191	156	39	debt	debt	NOUN
issue-1191	156	40	securities	security	NOUN
issue-1191	156	41	.	.	PUNCT
issue-1191	157	1	so	so	ADV
issue-1191	157	2	,	,	PUNCT
issue-1191	157	3	we	we	PRON
issue-1191	157	4	can	can	AUX
issue-1191	157	5	actually	actually	ADV
issue-1191	157	6	exclude	exclude	VERB
issue-1191	157	7	this	this	DET
issue-1191	157	8	indicator	indicator	NOUN
issue-1191	157	9	as	as	ADP
issue-1191	157	10	the	the	DET
issue-1191	157	11	secondary	secondary	ADJ
issue-1191	157	12	one	one	NOUN
issue-1191	157	13	and	and	CCONJ
issue-1191	157	14	use	use	VERB
issue-1191	157	15	it	it	PRON
issue-1191	157	16	rather	rather	ADV
issue-1191	157	17	to	to	PART
issue-1191	157	18	check	check	VERB
issue-1191	157	19	the	the	DET
issue-1191	157	20	obtained	obtain	VERB
issue-1191	157	21	results	result	NOUN
issue-1191	157	22	than	than	SCONJ
issue-1191	157	23	to	to	PART
issue-1191	157	24	get	get	VERB
issue-1191	157	25	them	they	PRON
issue-1191	157	26	.	.	PUNCT
issue-1191	158	1	interrelation	interrelation	NOUN
issue-1191	158	2	between	between	ADP
issue-1191	158	3	flows	flow	NOUN
issue-1191	158	4	and	and	CCONJ
issue-1191	158	5	volatility	volatility	NOUN
issue-1191	158	6	is	be	AUX
issue-1191	158	7	not	not	PART
issue-1191	158	8	so	so	ADV
issue-1191	158	9	evident	evident	ADJ
issue-1191	158	10	;	;	PUNCT
issue-1191	158	11	it	it	PRON
issue-1191	158	12	can	can	AUX
issue-1191	158	13	be	be	AUX
issue-1191	158	14	either	either	CCONJ
issue-1191	158	15	direct	direct	ADJ
issue-1191	158	16	or	or	CCONJ
issue-1191	158	17	reverse	reverse	VERB
issue-1191	158	18	.	.	PUNCT
issue-1191	159	1	all	all	ADV
issue-1191	159	2	in	in	ADP
issue-1191	159	3	all	all	PRON
issue-1191	159	4	,	,	PUNCT
issue-1191	159	5	volatility	volatility	NOUN
issue-1191	159	6	is	be	AUX
issue-1191	159	7	the	the	DET
issue-1191	159	8	pure	pure	ADJ
issue-1191	159	9	characteristic	characteristic	NOUN
issue-1191	159	10	of	of	ADP
issue-1191	159	11	the	the	DET
issue-1191	159	12	market	market	NOUN
issue-1191	159	13	,	,	PUNCT
issue-1191	159	14	the	the	DET
issue-1191	159	15	primary	primary	ADJ
issue-1191	159	16	reflection	reflection	NOUN
issue-1191	159	17	of	of	ADP
issue-1191	159	18	the	the	DET
issue-1191	159	19	underlying	underlie	VERB
issue-1191	159	20	processes	process	NOUN
issue-1191	159	21	,	,	PUNCT
issue-1191	159	22	interaction	interaction	NOUN
issue-1191	159	23	between	between	ADP
issue-1191	159	24	demand	demand	NOUN
issue-1191	159	25	and	and	CCONJ
issue-1191	159	26	supply	supply	NOUN
issue-1191	159	27	.	.	PUNCT
issue-1191	160	1	therefore	therefore	ADV
issue-1191	160	2	,	,	PUNCT
issue-1191	160	3	we	we	PRON
issue-1191	160	4	shall	shall	AUX
issue-1191	160	5	use	use	VERB
issue-1191	160	6	this	this	DET
issue-1191	160	7	ratio	ratio	NOUN
issue-1191	160	8	to	to	PART
issue-1191	160	9	define	define	VERB
issue-1191	160	10	periods	period	NOUN
issue-1191	160	11	of	of	ADP
issue-1191	160	12	increased	increase	VERB
issue-1191	160	13	volatility	volatility	NOUN
issue-1191	160	14	in	in	ADP
issue-1191	160	15	the	the	DET
issue-1191	160	16	global	global	ADJ
issue-1191	160	17	market	market	NOUN
issue-1191	160	18	and	and	CCONJ
issue-1191	160	19	utilize	utilize	VERB
issue-1191	160	20	two	two	NUM
issue-1191	160	21	other	other	ADJ
issue-1191	160	22	indicators	indicator	NOUN
issue-1191	160	23	as	as	ADP
issue-1191	160	24	auxiliary	auxiliary	ADJ
issue-1191	160	25	ones	one	NOUN
issue-1191	160	26	.	.	PUNCT
issue-1191	161	1	another	another	DET
issue-1191	161	2	approach	approach	NOUN
issue-1191	161	3	could	could	AUX
issue-1191	161	4	be	be	AUX
issue-1191	161	5	logical	logical	ADJ
issue-1191	161	6	or	or	CCONJ
issue-1191	161	7	dialectical	dialectical	ADJ
issue-1191	161	8	when	when	SCONJ
issue-1191	161	9	we	we	PRON
issue-1191	161	10	just	just	ADV
issue-1191	161	11	identify	identify	VERB
issue-1191	161	12	the	the	DET
issue-1191	161	13	instability	instability	NOUN
issue-1191	161	14	period	period	NOUN
issue-1191	161	15	using	use	VERB
issue-1191	161	16	the	the	DET
issue-1191	161	17	wellknown	wellknown	ADJ
issue-1191	161	18	facts	fact	NOUN
issue-1191	161	19	and	and	CCONJ
issue-1191	161	20	considering	consider	VERB
issue-1191	161	21	existing	exist	VERB
issue-1191	161	22	environmental	environmental	ADJ
issue-1191	161	23	factors	factor	NOUN
issue-1191	161	24	.	.	PUNCT
issue-1191	162	1	we	we	PRON
issue-1191	162	2	shall	shall	AUX
issue-1191	162	3	consider	consider	VERB
issue-1191	162	4	the	the	DET
issue-1191	162	5	mentioned	mention	VERB
issue-1191	162	6	points	point	NOUN
issue-1191	162	7	just	just	ADV
issue-1191	162	8	to	to	PART
issue-1191	162	9	confirm	confirm	VERB
issue-1191	162	10	the	the	DET
issue-1191	162	11	identified	identify	VERB
issue-1191	162	12	downturns	downturn	NOUN
issue-1191	162	13	and	and	CCONJ
issue-1191	162	14	help	help	VERB
issue-1191	162	15	explaining	explain	VERB
issue-1191	162	16	one	one	NUM
issue-1191	162	17	or	or	CCONJ
issue-1191	162	18	another	another	DET
issue-1191	162	19	market	market	NOUN
issue-1191	162	20	behavior	behavior	NOUN
issue-1191	162	21	.	.	PUNCT
issue-1191	163	1	the	the	DET
issue-1191	163	2	matter	matter	NOUN
issue-1191	163	3	is	be	AUX
issue-1191	163	4	that	that	SCONJ
issue-1191	163	5	existing	exist	VERB
issue-1191	163	6	factors	factor	NOUN
issue-1191	163	7	are	be	AUX
issue-1191	163	8	normative	normative	ADJ
issue-1191	163	9	in	in	ADP
issue-1191	163	10	their	their	PRON
issue-1191	163	11	essence	essence	NOUN
issue-1191	163	12	,	,	PUNCT
issue-1191	163	13	they	they	PRON
issue-1191	163	14	just	just	ADV
issue-1191	163	15	show	show	VERB
issue-1191	163	16	what	what	PRON
issue-1191	163	17	should	should	AUX
issue-1191	163	18	be	be	AUX
issue-1191	163	19	or	or	CCONJ
issue-1191	163	20	how	how	SCONJ
issue-1191	163	21	the	the	DET
issue-1191	163	22	market	market	NOUN
issue-1191	163	23	should	should	AUX
issue-1191	163	24	behave	behave	VERB
issue-1191	163	25	.	.	PUNCT
issue-1191	164	1	however	however	ADV
issue-1191	164	2	,	,	PUNCT
issue-1191	164	3	we	we	PRON
issue-1191	164	4	really	really	ADV
issue-1191	164	5	do	do	AUX
issue-1191	164	6	not	not	PART
issue-1191	164	7	know	know	VERB
issue-1191	164	8	what	what	PRON
issue-1191	164	9	is	be	AUX
issue-1191	164	10	actually	actually	ADV
issue-1191	164	11	going	go	VERB
issue-1191	164	12	on	on	ADP
issue-1191	164	13	in	in	ADP
issue-1191	164	14	the	the	DET
issue-1191	164	15	markets	market	NOUN
issue-1191	164	16	.	.	PUNCT
issue-1191	165	1	considering	consider	VERB
issue-1191	165	2	this	this	PRON
issue-1191	165	3	we	we	PRON
issue-1191	165	4	should	should	AUX
issue-1191	165	5	use	use	VERB
issue-1191	165	6	some	some	DET
issue-1191	165	7	market	market	NOUN
issue-1191	165	8	indicator	indicator	NOUN
issue-1191	165	9	like	like	ADP
issue-1191	165	10	volatility	volatility	NOUN
issue-1191	165	11	or	or	CCONJ
issue-1191	165	12	others	other	NOUN
issue-1191	165	13	.	.	PUNCT
issue-1191	166	1	4	4	X
issue-1191	166	2	.	.	X
issue-1191	166	3	main	main	ADJ
issue-1191	166	4	findings	finding	NOUN
issue-1191	166	5	identification	identification	NOUN
issue-1191	166	6	of	of	ADP
issue-1191	166	7	increased	increase	VERB
issue-1191	166	8	volatility	volatility	NOUN
issue-1191	166	9	periods	period	NOUN
issue-1191	166	10	dynamics	dynamic	NOUN
issue-1191	166	11	of	of	ADP
issue-1191	166	12	global	global	ADJ
issue-1191	166	13	market	market	NOUN
issue-1191	166	14	volatility	volatility	NOUN
issue-1191	166	15	expressed	express	VERB
issue-1191	166	16	as	as	SCONJ
issue-1191	166	17	acwi	acwi	NOUN
issue-1191	166	18	fm	fm	PROPN
issue-1191	166	19	index	index	NOUN
issue-1191	166	20	standard	standard	ADJ
issue-1191	166	21	deviation	deviation	NOUN
issue-1191	166	22	is	be	AUX
issue-1191	166	23	presented	present	VERB
issue-1191	166	24	at	at	ADP
issue-1191	166	25	figure	figure	NOUN
issue-1191	166	26	1	1	NUM
issue-1191	166	27	and	and	CCONJ
issue-1191	166	28	demonstrates	demonstrate	VERB
issue-1191	166	29	that	that	SCONJ
issue-1191	166	30	during	during	ADP
issue-1191	166	31	the	the	DET
issue-1191	166	32	period	period	NOUN
issue-1191	166	33	under	under	ADP
issue-1191	166	34	question	question	NOUN
issue-1191	166	35	we	we	PRON
issue-1191	166	36	can	can	AUX
issue-1191	166	37	fix	fix	VERB
issue-1191	166	38	four	four	NUM
issue-1191	166	39	well	well	ADV
issue-1191	166	40	-	-	PUNCT
issue-1191	166	41	defined	define	VERB
issue-1191	166	42	periods	period	NOUN
issue-1191	166	43	of	of	ADP
issue-1191	166	44	volatility	volatility	NOUN
issue-1191	166	45	jump	jump	NOUN
issue-1191	166	46	:	:	PUNCT
issue-1191	166	47	2007	2007	NUM
issue-1191	166	48	-	-	SYM
issue-1191	166	49	2008	2008	NUM
issue-1191	166	50	,	,	PUNCT
issue-1191	166	51	2015	2015	NUM
issue-1191	166	52	,	,	PUNCT
issue-1191	166	53	2018	2018	NUM
issue-1191	166	54	and	and	CCONJ
issue-1191	166	55	2020	2020	NUM
issue-1191	166	56	.	.	PUNCT
issue-1191	167	1	firstly	firstly	ADV
issue-1191	167	2	,	,	PUNCT
issue-1191	167	3	the	the	DET
issue-1191	167	4	period	period	NOUN
issue-1191	167	5	2007	2007	NUM
issue-1191	167	6	-	-	SYM
issue-1191	167	7	2008	2008	NUM
issue-1191	167	8	is	be	AUX
issue-1191	167	9	the	the	DET
issue-1191	167	10	most	most	ADV
issue-1191	167	11	obvious	obvious	ADJ
issue-1191	167	12	one	one	NUM
issue-1191	167	13	.	.	PUNCT
issue-1191	168	1	it	it	PRON
issue-1191	168	2	was	be	AUX
issue-1191	168	3	the	the	DET
issue-1191	168	4	global	global	ADJ
issue-1191	168	5	financial	financial	ADJ
issue-1191	168	6	crisis	crisis	NOUN
issue-1191	168	7	.	.	PUNCT
issue-1191	169	1	notwithstanding	notwithstanding	SCONJ
issue-1191	169	2	the	the	DET
issue-1191	169	3	major	major	ADJ
issue-1191	169	4	crisis	crisis	NOUN
issue-1191	169	5	drop	drop	VERB
issue-1191	169	6	down	down	ADP
issue-1191	169	7	happened	happen	VERB
issue-1191	169	8	in	in	ADP
issue-1191	169	9	2008	2008	NUM
issue-1191	169	10	it	it	PRON
issue-1191	169	11	also	also	ADV
issue-1191	169	12	touched	touch	VERB
issue-1191	169	13	upon	upon	SCONJ
issue-1191	169	14	two	two	NUM
issue-1191	169	15	months	month	NOUN
issue-1191	169	16	of	of	ADP
issue-1191	169	17	2007	2007	NUM
issue-1191	169	18	and	and	CCONJ
issue-1191	169	19	still	still	ADV
issue-1191	169	20	the	the	DET
issue-1191	169	21	volatility	volatility	NOUN
issue-1191	169	22	began	begin	VERB
issue-1191	169	23	increasing	increase	VERB
issue-1191	169	24	slightly	slightly	ADV
issue-1191	169	25	before	before	ADP
issue-1191	169	26	the	the	DET
issue-1191	169	27	crisis	crisis	NOUN
issue-1191	169	28	itself	itself	PRON
issue-1191	169	29	.	.	PUNCT
issue-1191	170	1	so	so	ADV
issue-1191	170	2	,	,	PUNCT
issue-1191	170	3	regardless	regardless	ADV
issue-1191	170	4	the	the	DET
issue-1191	170	5	nominal	nominal	ADJ
issue-1191	170	6	increase	increase	NOUN
issue-1191	170	7	of	of	ADP
issue-1191	170	8	volatility	volatility	NOUN
issue-1191	170	9	in	in	ADP
issue-1191	170	10	2007	2007	NUM
issue-1191	170	11	we	we	PRON
issue-1191	170	12	shall	shall	AUX
issue-1191	170	13	consider	consider	VERB
issue-1191	170	14	this	this	DET
issue-1191	170	15	period	period	NOUN
issue-1191	170	16	as	as	ADP
issue-1191	170	17	2008	2008	NUM
issue-1191	170	18	only	only	ADV
issue-1191	170	19	.	.	PUNCT
issue-1191	171	1	furthermore	furthermore	ADV
issue-1191	171	2	,	,	PUNCT
issue-1191	171	3	the	the	DET
issue-1191	171	4	2007	2007	NUM
issue-1191	171	5	volatility	volatility	NOUN
issue-1191	171	6	increase	increase	NOUN
issue-1191	171	7	was	be	AUX
issue-1191	171	8	pretty	pretty	ADV
issue-1191	171	9	small	small	ADJ
issue-1191	171	10	and	and	CCONJ
issue-1191	171	11	can	can	AUX
issue-1191	171	12	be	be	AUX
issue-1191	171	13	considered	consider	VERB
issue-1191	171	14	as	as	ADP
issue-1191	171	15	current	current	ADJ
issue-1191	171	16	market	market	NOUN
issue-1191	171	17	adjustment	adjustment	NOUN
issue-1191	171	18	.	.	PUNCT
issue-1191	172	1	for	for	ADP
issue-1191	172	2	this	this	DET
issue-1191	172	3	period	period	NOUN
issue-1191	172	4	volatility	volatility	NOUN
issue-1191	172	5	increase	increase	NOUN
issue-1191	172	6	is	be	AUX
issue-1191	172	7	explicitly	explicitly	ADV
issue-1191	172	8	supported	support	VERB
issue-1191	172	9	by	by	ADP
issue-1191	172	10	predicted	predict	VERB
issue-1191	172	11	substantial	substantial	ADJ
issue-1191	172	12	drop	drop	NOUN
issue-1191	172	13	in	in	ADP
issue-1191	172	14	world	world	NOUN
issue-1191	172	15	market	market	NOUN
issue-1191	172	16	capitalization	capitalization	NOUN
issue-1191	172	17	as	as	ADV
issue-1191	172	18	well	well	ADV
issue-1191	172	19	as	as	ADP
issue-1191	172	20	by	by	ADP
issue-1191	172	21	decrease	decrease	NOUN
issue-1191	172	22	of	of	ADP
issue-1191	172	23	global	global	ADJ
issue-1191	172	24	portfolio	portfolio	NOUN
issue-1191	172	25	assets	asset	NOUN
issue-1191	172	26	in	in	ADP
issue-1191	172	27	equity	equity	NOUN
issue-1191	172	28	.	.	PUNCT
issue-1191	173	1	secondly	secondly	ADV
issue-1191	173	2	,	,	PUNCT
issue-1191	173	3	volatility	volatility	NOUN
issue-1191	173	4	increase	increase	NOUN
issue-1191	173	5	in	in	ADP
issue-1191	173	6	2015	2015	NUM
issue-1191	173	7	accounts	account	NOUN
issue-1191	173	8	for	for	ADP
issue-1191	173	9	such	such	ADJ
issue-1191	173	10	major	major	ADJ
issue-1191	173	11	factor	factor	NOUN
issue-1191	173	12	as	as	ADP
issue-1191	173	13	stagnation	stagnation	NOUN
issue-1191	173	14	in	in	ADP
issue-1191	173	15	world	world	NOUN
issue-1191	173	16	economy	economy	NOUN
issue-1191	173	17	figure	figure	NOUN
issue-1191	173	18	1	1	NUM
issue-1191	173	19	.	.	PUNCT
issue-1191	173	20	dynamic	dynamic	ADJ
issue-1191	173	21	of	of	ADP
issue-1191	173	22	global	global	ADJ
issue-1191	173	23	market	market	NOUN
issue-1191	173	24	volatility	volatility	NOUN
issue-1191	173	25	,	,	PUNCT
issue-1191	173	26	global	global	ADJ
issue-1191	173	27	market	market	NOUN
issue-1191	173	28	capitalization	capitalization	NOUN
issue-1191	173	29	and	and	CCONJ
issue-1191	173	30	global	global	ADJ
issue-1191	173	31	portfolio	portfolio	NOUN
issue-1191	173	32	assets	asset	NOUN
issue-1191	173	33	in	in	ADP
issue-1191	173	34	equity	equity	NOUN
issue-1191	173	35	notes	note	NOUN
issue-1191	173	36	:	:	PUNCT
issue-1191	173	37	1	1	X
issue-1191	173	38	.	.	X
issue-1191	173	39	respective	respective	ADJ
issue-1191	173	40	figures	figure	NOUN
issue-1191	173	41	are	be	AUX
issue-1191	173	42	computed	compute	VERB
issue-1191	173	43	and	and	CCONJ
issue-1191	173	44	the	the	DET
issue-1191	173	45	graphs	graph	NOUN
issue-1191	173	46	are	be	AUX
issue-1191	173	47	composed	compose	VERB
issue-1191	173	48	by	by	ADP
issue-1191	173	49	the	the	DET
issue-1191	173	50	authors	author	NOUN
issue-1191	173	51	using	use	VERB
issue-1191	173	52	the	the	DET
issue-1191	173	53	data	datum	NOUN
issue-1191	173	54	on	on	ADP
issue-1191	173	55	global	global	ADJ
issue-1191	173	56	equity	equity	NOUN
issue-1191	173	57	market	market	NOUN
issue-1191	173	58	capitalization	capitalization	NOUN
issue-1191	173	59	(	(	PUNCT
issue-1191	173	60	wfe	wfe	PROPN
issue-1191	173	61	,	,	PUNCT
issue-1191	173	62	2021	2021	NUM
issue-1191	173	63	)	)	PUNCT
issue-1191	173	64	,	,	PUNCT
issue-1191	173	65	global	global	ADJ
issue-1191	173	66	portfolio	portfolio	NOUN
issue-1191	173	67	assets	asset	NOUN
issue-1191	173	68	in	in	ADP
issue-1191	173	69	equity	equity	NOUN
issue-1191	173	70	(	(	PUNCT
issue-1191	173	71	imf	imf	PROPN
issue-1191	173	72	,	,	PUNCT
issue-1191	173	73	2021	2021	NUM
issue-1191	173	74	-	-	SYM
issue-1191	173	75	1	1	NUM
issue-1191	173	76	)	)	PUNCT
issue-1191	173	77	and	and	CCONJ
issue-1191	173	78	data	datum	NOUN
issue-1191	173	79	on	on	ADP
issue-1191	173	80	indices	index	NOUN
issue-1191	173	81	(	(	PUNCT
issue-1191	173	82	msci	msci	NOUN
issue-1191	173	83	,	,	PUNCT
issue-1191	173	84	2021	2021	NUM
issue-1191	173	85	)	)	PUNCT
issue-1191	173	86	.	.	PUNCT
issue-1191	174	1	2	2	X
issue-1191	174	2	.	.	X
issue-1191	174	3	for	for	ADP
issue-1191	174	4	the	the	DET
issue-1191	174	5	purposes	purpose	NOUN
issue-1191	174	6	of	of	ADP
issue-1191	174	7	simplification	simplification	NOUN
issue-1191	174	8	and	and	CCONJ
issue-1191	174	9	facilitating	facilitate	VERB
issue-1191	174	10	results	result	NOUN
issue-1191	174	11	perception	perception	NOUN
issue-1191	174	12	underlying	underlie	VERB
issue-1191	174	13	calculations	calculation	NOUN
issue-1191	174	14	are	be	AUX
issue-1191	174	15	not	not	PART
issue-1191	174	16	provided	provide	VERB
issue-1191	174	17	.	.	PUNCT
issue-1191	175	1	3	3	X
issue-1191	175	2	.	.	X
issue-1191	175	3	volatility	volatility	NOUN
issue-1191	175	4	data	datum	NOUN
issue-1191	175	5	is	be	AUX
issue-1191	175	6	reflected	reflect	VERB
issue-1191	175	7	on	on	ADP
issue-1191	175	8	the	the	DET
issue-1191	175	9	primary	primary	NOUN
issue-1191	175	10	(	(	PUNCT
issue-1191	175	11	left	left	ADJ
issue-1191	175	12	)	)	PUNCT
issue-1191	175	13	axis	axis	NOUN
issue-1191	175	14	,	,	PUNCT
issue-1191	175	15	capitalization	capitalization	NOUN
issue-1191	175	16	and	and	CCONJ
issue-1191	175	17	assets	asset	NOUN
issue-1191	175	18	data	datum	NOUN
issue-1191	175	19	is	be	AUX
issue-1191	175	20	lain	lie	VERB
issue-1191	175	21	off	off	ADP
issue-1191	175	22	on	on	ADP
issue-1191	175	23	secondary	secondary	ADJ
issue-1191	175	24	(	(	PUNCT
issue-1191	175	25	right	right	ADJ
issue-1191	175	26	)	)	PUNCT
issue-1191	175	27	axis	axis	NOUN
issue-1191	175	28	.	.	PUNCT
issue-1191	176	1	4	4	X
issue-1191	176	2	.	.	X
issue-1191	176	3	for	for	ADP
issue-1191	176	4	better	well	ADJ
issue-1191	176	5	visualization	visualization	NOUN
issue-1191	176	6	capitalization	capitalization	NOUN
issue-1191	176	7	and	and	CCONJ
issue-1191	176	8	assets	asset	NOUN
issue-1191	176	9	are	be	AUX
issue-1191	176	10	expressed	express	VERB
issue-1191	176	11	as	as	ADP
issue-1191	176	12	percentage	percentage	NOUN
issue-1191	176	13	changes	change	NOUN
issue-1191	176	14	as	as	ADP
issue-1191	176	15	to	to	ADP
issue-1191	176	16	the	the	DET
issue-1191	176	17	previous	previous	ADJ
issue-1191	176	18	year	year	NOUN
issue-1191	176	19	.	.	PUNCT
issue-1191	176	20	  	  	SPACE
issue-1191	177	1	baltic	baltic	ADJ
issue-1191	177	2	journal	journal	NOUN
issue-1191	177	3	of	of	ADP
issue-1191	177	4	economic	economic	ADJ
issue-1191	177	5	studies	study	NOUN
issue-1191	177	6	102	102	NUM
issue-1191	177	7	vol	vol	NOUN
issue-1191	177	8	.	.	PUNCT
issue-1191	178	1	7	7	NUM
issue-1191	178	2	,	,	PUNCT
issue-1191	178	3	no	no	INTJ
issue-1191	178	4	.	.	NOUN
issue-1191	178	5	3	3	NUM
issue-1191	178	6	,	,	PUNCT
issue-1191	178	7	2021	2021	NUM
issue-1191	178	8	accompanied	accompany	VERB
issue-1191	178	9	by	by	ADP
issue-1191	178	10	the	the	DET
issue-1191	178	11	global	global	PROPN
issue-1191	178	12	gdp	gdp	NOUN
issue-1191	178	13	decline	decline	NOUN
issue-1191	178	14	by	by	ADP
issue-1191	178	15	more	more	ADJ
issue-1191	178	16	than	than	ADP
issue-1191	178	17	5.5	5.5	NUM
issue-1191	178	18	%	%	NOUN
issue-1191	178	19	.	.	PUNCT
issue-1191	179	1	some	some	PRON
issue-1191	179	2	of	of	ADP
issue-1191	179	3	the	the	DET
issue-1191	179	4	basic	basic	ADJ
issue-1191	179	5	underlying	underlying	ADJ
issue-1191	179	6	factors	factor	NOUN
issue-1191	179	7	were	be	AUX
issue-1191	179	8	the	the	DET
issue-1191	179	9	decrease	decrease	NOUN
issue-1191	179	10	in	in	ADP
issue-1191	179	11	oil	oil	NOUN
issue-1191	179	12	prices	price	NOUN
issue-1191	179	13	,	,	PUNCT
issue-1191	179	14	low	low	ADJ
issue-1191	179	15	inflation	inflation	NOUN
issue-1191	179	16	and	and	CCONJ
issue-1191	179	17	respective	respective	ADJ
issue-1191	179	18	central	central	ADJ
issue-1191	179	19	banks	bank	NOUN
issue-1191	179	20	measures	measure	NOUN
issue-1191	179	21	,	,	PUNCT
issue-1191	179	22	china	china	PROPN
issue-1191	179	23	financial	financial	ADJ
issue-1191	179	24	crisis	crisis	NOUN
issue-1191	179	25	including	include	VERB
issue-1191	179	26	renminbi	renminbi	NOUN
issue-1191	179	27	depreciation	depreciation	NOUN
issue-1191	179	28	and	and	CCONJ
issue-1191	179	29	high	high	ADJ
issue-1191	179	30	unemployment	unemployment	NOUN
issue-1191	179	31	in	in	ADP
issue-1191	179	32	europe	europe	PROPN
issue-1191	179	33	.	.	PUNCT
issue-1191	180	1	global	global	ADJ
issue-1191	180	2	market	market	NOUN
issue-1191	180	3	cap	cap	NOUN
issue-1191	180	4	and	and	CCONJ
issue-1191	180	5	world	world	NOUN
issue-1191	180	6	portfolio	portfolio	NOUN
issue-1191	180	7	liabilities	liability	NOUN
issue-1191	180	8	also	also	ADV
issue-1191	180	9	responded	respond	VERB
issue-1191	180	10	to	to	ADP
issue-1191	180	11	these	these	DET
issue-1191	180	12	fundamentals	fundamental	NOUN
issue-1191	180	13	as	as	ADV
issue-1191	180	14	well	well	ADV
issue-1191	180	15	as	as	ADP
issue-1191	180	16	during	during	ADP
issue-1191	180	17	the	the	DET
issue-1191	180	18	previous	previous	ADJ
issue-1191	180	19	period	period	NOUN
issue-1191	180	20	.	.	PUNCT
issue-1191	181	1	third	third	ADJ
issue-1191	181	2	,	,	PUNCT
issue-1191	181	3	the	the	DET
issue-1191	181	4	2018	2018	NUM
issue-1191	181	5	volatility	volatility	NOUN
issue-1191	181	6	rise	rise	NOUN
issue-1191	181	7	is	be	AUX
issue-1191	181	8	also	also	ADV
issue-1191	181	9	backed	back	VERB
issue-1191	181	10	by	by	ADP
issue-1191	181	11	decrease	decrease	NOUN
issue-1191	181	12	of	of	ADP
issue-1191	181	13	global	global	ADJ
issue-1191	181	14	equity	equity	NOUN
issue-1191	181	15	market	market	NOUN
issue-1191	181	16	cap	cap	NOUN
issue-1191	181	17	and	and	CCONJ
issue-1191	181	18	global	global	ADJ
issue-1191	181	19	portfolio	portfolio	NOUN
issue-1191	181	20	assets	asset	NOUN
issue-1191	181	21	.	.	PUNCT
issue-1191	182	1	basic	basic	ADJ
issue-1191	182	2	reasons	reason	NOUN
issue-1191	182	3	for	for	ADP
issue-1191	182	4	this	this	PRON
issue-1191	182	5	are	be	AUX
issue-1191	182	6	the	the	DET
issue-1191	182	7	slowdown	slowdown	NOUN
issue-1191	182	8	of	of	ADP
issue-1191	182	9	industrial	industrial	ADJ
issue-1191	182	10	production	production	NOUN
issue-1191	182	11	and	and	CCONJ
issue-1191	182	12	world	world	NOUN
issue-1191	182	13	trade	trade	NOUN
issue-1191	182	14	that	that	PRON
issue-1191	182	15	resulted	result	VERB
issue-1191	182	16	from	from	ADP
issue-1191	182	17	introduction	introduction	NOUN
issue-1191	182	18	of	of	ADP
issue-1191	182	19	tariffs	tariff	NOUN
issue-1191	182	20	by	by	ADP
issue-1191	182	21	major	major	ADJ
issue-1191	182	22	countries	country	NOUN
issue-1191	182	23	in	in	ADP
issue-1191	182	24	the	the	DET
issue-1191	182	25	aftermath	aftermath	NOUN
issue-1191	182	26	of	of	ADP
issue-1191	182	27	trade	trade	NOUN
issue-1191	182	28	tensions	tension	NOUN
issue-1191	182	29	between	between	ADP
issue-1191	182	30	main	main	ADJ
issue-1191	182	31	global	global	ADJ
issue-1191	182	32	players	player	NOUN
issue-1191	182	33	.	.	PUNCT
issue-1191	183	1	this	this	PRON
issue-1191	183	2	in	in	ADP
issue-1191	183	3	turn	turn	NOUN
issue-1191	183	4	brought	bring	VERB
issue-1191	183	5	about	about	ADP
issue-1191	183	6	the	the	DET
issue-1191	183	7	sharp	sharp	ADJ
issue-1191	183	8	decrease	decrease	NOUN
issue-1191	183	9	of	of	ADP
issue-1191	183	10	general	general	ADJ
issue-1191	183	11	business	business	NOUN
issue-1191	183	12	confidence	confidence	NOUN
issue-1191	183	13	and	and	CCONJ
issue-1191	183	14	increase	increase	NOUN
issue-1191	183	15	of	of	ADP
issue-1191	183	16	uncertainty	uncertainty	NOUN
issue-1191	183	17	about	about	ADP
issue-1191	183	18	trade	trade	NOUN
issue-1191	183	19	policy	policy	NOUN
issue-1191	183	20	and	and	CCONJ
issue-1191	183	21	investment	investment	NOUN
issue-1191	183	22	decisions	decision	NOUN
issue-1191	183	23	.	.	PUNCT
issue-1191	184	1	one	one	NUM
issue-1191	184	2	substantial	substantial	ADJ
issue-1191	184	3	factor	factor	NOUN
issue-1191	184	4	for	for	ADP
issue-1191	184	5	this	this	DET
issue-1191	184	6	period	period	NOUN
issue-1191	184	7	was	be	AUX
issue-1191	184	8	the	the	DET
issue-1191	184	9	usd	usd	NOUN
issue-1191	184	10	appreciation	appreciation	NOUN
issue-1191	184	11	that	that	PRON
issue-1191	184	12	resulted	result	VERB
issue-1191	184	13	in	in	ADP
issue-1191	184	14	a	a	DET
issue-1191	184	15	so	so	ADV
issue-1191	184	16	-	-	PUNCT
issue-1191	184	17	called	call	VERB
issue-1191	184	18	emerging	emerge	VERB
issue-1191	184	19	market	market	NOUN
issue-1191	184	20	sell	sell	NOUN
issue-1191	184	21	-	-	PUNCT
issue-1191	184	22	off	off	NOUN
issue-1191	184	23	.	.	PUNCT
issue-1191	185	1	that	that	PRON
issue-1191	185	2	was	be	AUX
issue-1191	185	3	because	because	SCONJ
issue-1191	185	4	the	the	DET
issue-1191	185	5	general	general	ADJ
issue-1191	185	6	level	level	NOUN
issue-1191	185	7	of	of	ADP
issue-1191	185	8	dollar	dollar	NOUN
issue-1191	185	9	measured	measure	VERB
issue-1191	185	10	return	return	NOUN
issue-1191	185	11	decreased	decreased	AUX
issue-1191	185	12	thus	thus	ADV
issue-1191	185	13	reducing	reduce	VERB
issue-1191	185	14	the	the	DET
issue-1191	185	15	level	level	NOUN
issue-1191	185	16	of	of	ADP
issue-1191	185	17	risk	risk	NOUN
issue-1191	185	18	investors	investor	NOUN
issue-1191	185	19	were	be	AUX
issue-1191	185	20	ready	ready	ADJ
issue-1191	185	21	to	to	PART
issue-1191	185	22	bear	bear	VERB
issue-1191	185	23	via	via	ADP
issue-1191	185	24	investing	invest	VERB
issue-1191	185	25	in	in	ADP
issue-1191	185	26	emerging	emerge	VERB
issue-1191	185	27	markets	market	NOUN
issue-1191	185	28	.	.	PUNCT
issue-1191	186	1	finally	finally	ADV
issue-1191	186	2	,	,	PUNCT
issue-1191	186	3	the	the	DET
issue-1191	186	4	most	most	ADV
issue-1191	186	5	up	up	ADP
issue-1191	186	6	-	-	PUNCT
issue-1191	186	7	to	to	ADP
issue-1191	186	8	-	-	PUNCT
issue-1191	186	9	date	date	NOUN
issue-1191	186	10	covid	covid	PROPN
issue-1191	186	11	crisis	crisis	NOUN
issue-1191	186	12	falls	fall	VERB
issue-1191	186	13	at	at	ADP
issue-1191	186	14	2020	2020	NUM
issue-1191	186	15	mostly	mostly	ADV
issue-1191	186	16	.	.	PUNCT
issue-1191	187	1	for	for	ADP
issue-1191	187	2	this	this	DET
issue-1191	187	3	year	year	NOUN
issue-1191	187	4	,	,	PUNCT
issue-1191	187	5	we	we	PRON
issue-1191	187	6	observe	observe	VERB
issue-1191	187	7	the	the	DET
issue-1191	187	8	highest	high	ADJ
issue-1191	187	9	absolute	absolute	ADJ
issue-1191	187	10	level	level	NOUN
issue-1191	187	11	of	of	ADP
issue-1191	187	12	volatility	volatility	NOUN
issue-1191	187	13	7.19	7.19	NUM
issue-1191	187	14	(	(	PUNCT
issue-1191	187	15	6.94	6.94	NUM
issue-1191	187	16	in	in	ADP
issue-1191	187	17	2008	2008	NUM
issue-1191	187	18	)	)	PUNCT
issue-1191	187	19	.	.	PUNCT
issue-1191	188	1	global	global	ADJ
issue-1191	188	2	portfolio	portfolio	NOUN
issue-1191	188	3	assets	asset	NOUN
issue-1191	188	4	dropped	drop	VERB
issue-1191	188	5	by	by	ADP
issue-1191	188	6	12.96	12.96	NUM
issue-1191	188	7	%	%	NOUN
issue-1191	188	8	while	while	SCONJ
issue-1191	188	9	the	the	DET
issue-1191	188	10	capitalization	capitalization	NOUN
issue-1191	188	11	generally	generally	ADV
issue-1191	188	12	increased	increase	VERB
issue-1191	188	13	but	but	CCONJ
issue-1191	188	14	the	the	DET
issue-1191	188	15	rate	rate	NOUN
issue-1191	188	16	fell	fall	VERB
issue-1191	188	17	from	from	ADP
issue-1191	188	18	21.30	21.30	NUM
issue-1191	188	19	in	in	ADP
issue-1191	188	20	2019	2019	NUM
issue-1191	188	21	to	to	ADP
issue-1191	188	22	18.52	18.52	NUM
issue-1191	188	23	in	in	ADP
issue-1191	188	24	2020	2020	NUM
issue-1191	188	25	.	.	PUNCT
issue-1191	189	1	it	it	PRON
issue-1191	189	2	however	however	ADV
issue-1191	189	3	responded	respond	VERB
issue-1191	189	4	heavily	heavily	ADV
issue-1191	189	5	in	in	ADP
issue-1191	189	6	2021	2021	NUM
issue-1191	189	7	–	–	PUNCT
issue-1191	189	8	falling	fall	VERB
issue-1191	189	9	by	by	ADP
issue-1191	189	10	26.53	26.53	NUM
issue-1191	189	11	%	%	NOUN
issue-1191	189	12	.	.	PUNCT
issue-1191	190	1	moreover	moreover	ADV
issue-1191	190	2	,	,	PUNCT
issue-1191	190	3	there	there	PRON
issue-1191	190	4	are	be	VERB
issue-1191	190	5	three	three	NUM
issue-1191	190	6	specific	specific	ADJ
issue-1191	190	7	years	year	NOUN
issue-1191	190	8	that	that	PRON
issue-1191	190	9	do	do	AUX
issue-1191	190	10	not	not	PART
issue-1191	190	11	fall	fall	VERB
issue-1191	190	12	under	under	ADP
issue-1191	190	13	the	the	DET
issue-1191	190	14	present	present	ADJ
issue-1191	190	15	analysis	analysis	NOUN
issue-1191	190	16	directly	directly	ADV
issue-1191	190	17	.	.	PUNCT
issue-1191	191	1	the	the	DET
issue-1191	191	2	year	year	NOUN
issue-1191	191	3	2021	2021	NUM
issue-1191	191	4	is	be	AUX
issue-1191	191	5	not	not	PART
issue-1191	191	6	represented	represent	VERB
issue-1191	191	7	by	by	ADP
issue-1191	191	8	the	the	DET
issue-1191	191	9	complete	complete	ADJ
issue-1191	191	10	statistics	statistic	NOUN
issue-1191	191	11	set	set	VERB
issue-1191	191	12	thus	thus	ADV
issue-1191	191	13	we	we	PRON
issue-1191	191	14	can	can	AUX
issue-1191	191	15	regard	regard	VERB
issue-1191	191	16	it	it	PRON
issue-1191	191	17	as	as	ADP
issue-1191	191	18	the	the	DET
issue-1191	191	19	crisis	crisis	NOUN
issue-1191	191	20	year	year	NOUN
issue-1191	191	21	only	only	ADV
issue-1191	191	22	verbally	verbally	ADV
issue-1191	191	23	.	.	PUNCT
issue-1191	192	1	the	the	DET
issue-1191	192	2	2011	2011	NUM
issue-1191	192	3	demonstrated	demonstrate	VERB
issue-1191	192	4	the	the	DET
issue-1191	192	5	decrease	decrease	NOUN
issue-1191	192	6	of	of	ADP
issue-1191	192	7	global	global	ADJ
issue-1191	192	8	cap	cap	NOUN
issue-1191	192	9	as	as	ADV
issue-1191	192	10	well	well	ADV
issue-1191	192	11	as	as	ADP
issue-1191	192	12	global	global	ADJ
issue-1191	192	13	equity	equity	NOUN
issue-1191	192	14	liabilities	liability	NOUN
issue-1191	192	15	though	though	SCONJ
issue-1191	192	16	it	it	PRON
issue-1191	192	17	did	do	AUX
issue-1191	192	18	not	not	PART
issue-1191	192	19	show	show	VERB
issue-1191	192	20	the	the	DET
issue-1191	192	21	increase	increase	NOUN
issue-1191	192	22	in	in	ADP
issue-1191	192	23	volatility	volatility	NOUN
issue-1191	192	24	as	as	ADP
issue-1191	192	25	such	such	ADJ
issue-1191	192	26	.	.	PUNCT
issue-1191	193	1	however	however	ADV
issue-1191	193	2	,	,	PUNCT
issue-1191	193	3	volatility	volatility	NOUN
issue-1191	193	4	absolute	absolute	ADJ
issue-1191	193	5	level	level	NOUN
issue-1191	193	6	was	be	AUX
issue-1191	193	7	4.99	4.99	NUM
issue-1191	193	8	that	that	PRON
issue-1191	193	9	was	be	AUX
issue-1191	193	10	high	high	ADJ
issue-1191	193	11	enough	enough	ADV
issue-1191	193	12	to	to	PART
issue-1191	193	13	identify	identify	VERB
issue-1191	193	14	it	it	PRON
issue-1191	193	15	as	as	ADP
issue-1191	193	16	substantial	substantial	ADJ
issue-1191	193	17	.	.	PUNCT
issue-1191	194	1	negative	negative	ADJ
issue-1191	194	2	events	event	NOUN
issue-1191	194	3	in	in	ADP
issue-1191	194	4	2011	2011	NUM
issue-1191	194	5	were	be	AUX
issue-1191	194	6	mostly	mostly	ADV
issue-1191	194	7	connected	connect	VERB
issue-1191	194	8	with	with	ADP
issue-1191	194	9	european	european	ADJ
issue-1191	194	10	debt	debt	NOUN
issue-1191	194	11	crisis	crisis	NOUN
issue-1191	194	12	together	together	ADV
issue-1191	194	13	with	with	ADP
issue-1191	194	14	the	the	DET
issue-1191	194	15	decrease	decrease	NOUN
issue-1191	194	16	in	in	ADP
issue-1191	194	17	the	the	DET
issue-1191	194	18	us	us	PROPN
issue-1191	194	19	credit	credit	NOUN
issue-1191	194	20	rating	rating	NOUN
issue-1191	194	21	and	and	CCONJ
issue-1191	194	22	earthquake	earthquake	NOUN
issue-1191	194	23	in	in	ADP
issue-1191	194	24	japan	japan	PROPN
issue-1191	194	25	.	.	PUNCT
issue-1191	195	1	table	table	NOUN
issue-1191	195	2	1	1	NUM
issue-1191	195	3	also	also	ADV
issue-1191	195	4	shows	show	VERB
issue-1191	195	5	that	that	SCONJ
issue-1191	195	6	in	in	ADP
issue-1191	195	7	2011	2011	NUM
issue-1191	195	8	returns	return	NOUN
issue-1191	195	9	were	be	AUX
issue-1191	195	10	negative	negative	ADJ
issue-1191	195	11	for	for	ADP
issue-1191	195	12	all	all	DET
issue-1191	195	13	market	market	NOUN
issue-1191	195	14	groups	group	NOUN
issue-1191	195	15	which	which	PRON
issue-1191	195	16	was	be	AUX
issue-1191	195	17	typical	typical	ADJ
issue-1191	195	18	for	for	ADP
issue-1191	195	19	crisis	crisis	NOUN
issue-1191	195	20	periods	period	NOUN
issue-1191	195	21	.	.	PUNCT
issue-1191	196	1	considering	consider	VERB
issue-1191	196	2	this	this	PRON
issue-1191	196	3	we	we	PRON
issue-1191	196	4	shall	shall	AUX
issue-1191	196	5	include	include	VERB
issue-1191	196	6	this	this	DET
issue-1191	196	7	year	year	NOUN
issue-1191	196	8	to	to	ADP
issue-1191	196	9	the	the	DET
issue-1191	196	10	increased	increase	VERB
issue-1191	196	11	volatility	volatility	NOUN
issue-1191	196	12	set	set	NOUN
issue-1191	196	13	.	.	PUNCT
issue-1191	197	1	the	the	DET
issue-1191	197	2	very	very	ADV
issue-1191	197	3	similar	similar	ADJ
issue-1191	197	4	case	case	NOUN
issue-1191	197	5	is	be	AUX
issue-1191	197	6	for	for	ADP
issue-1191	197	7	2002	2002	NUM
issue-1191	197	8	.	.	PUNCT
issue-1191	198	1	we	we	PRON
issue-1191	198	2	can	can	AUX
issue-1191	198	3	thus	thus	ADV
issue-1191	198	4	identify	identify	VERB
issue-1191	198	5	our	our	PRON
issue-1191	198	6	criteria	criterion	NOUN
issue-1191	198	7	as	as	SCONJ
issue-1191	198	8	follows	follow	VERB
issue-1191	198	9	:	:	PUNCT
issue-1191	198	10	increased	increase	VERB
issue-1191	198	11	volatility	volatility	NOUN
issue-1191	198	12	period	period	NOUN
issue-1191	198	13	is	be	AUX
issue-1191	198	14	defined	define	VERB
issue-1191	198	15	as	as	ADP
issue-1191	198	16	such	such	ADJ
issue-1191	198	17	when	when	SCONJ
issue-1191	198	18	the	the	DET
issue-1191	198	19	volatility	volatility	NOUN
issue-1191	198	20	is	be	AUX
issue-1191	198	21	higher	high	ADJ
issue-1191	198	22	that	that	SCONJ
issue-1191	198	23	the	the	DET
issue-1191	198	24	median	median	NOUN
issue-1191	198	25	(	(	PUNCT
issue-1191	198	26	3.48	3.48	NUM
issue-1191	198	27	)	)	PUNCT
issue-1191	198	28	except	except	SCONJ
issue-1191	198	29	for	for	ADP
issue-1191	198	30	the	the	DET
issue-1191	198	31	cases	case	NOUN
issue-1191	198	32	when	when	SCONJ
issue-1191	198	33	volatility	volatility	NOUN
issue-1191	198	34	has	have	AUX
issue-1191	198	35	decreased	decrease	VERB
issue-1191	198	36	compared	compare	VERB
issue-1191	198	37	to	to	ADP
issue-1191	198	38	the	the	DET
issue-1191	198	39	previous	previous	ADJ
issue-1191	198	40	year	year	NOUN
issue-1191	198	41	.	.	PUNCT
issue-1191	199	1	this	this	DET
issue-1191	199	2	formal	formal	ADJ
issue-1191	199	3	criterion	criterion	NOUN
issue-1191	199	4	completely	completely	ADV
issue-1191	199	5	meets	meet	VERB
issue-1191	199	6	verbal	verbal	ADJ
issue-1191	199	7	description	description	NOUN
issue-1191	199	8	of	of	ADP
issue-1191	199	9	the	the	DET
issue-1191	199	10	crisis	crisis	NOUN
issue-1191	199	11	periods	period	NOUN
issue-1191	199	12	observed	observe	VERB
issue-1191	199	13	.	.	PUNCT
issue-1191	200	1	basic	basic	ADJ
issue-1191	200	2	considerations	consideration	NOUN
issue-1191	200	3	for	for	ADP
issue-1191	200	4	volatility	volatility	NOUN
issue-1191	200	5	increase	increase	NOUN
issue-1191	200	6	in	in	ADP
issue-1191	200	7	2002	2002	NUM
issue-1191	200	8	are	be	AUX
issue-1191	200	9	connected	connect	VERB
issue-1191	200	10	with	with	ADP
issue-1191	200	11	three	three	NUM
issue-1191	200	12	main	main	ADJ
issue-1191	200	13	factors	factor	NOUN
issue-1191	200	14	.	.	PUNCT
issue-1191	201	1	firstly	firstly	ADV
issue-1191	201	2	,	,	PUNCT
issue-1191	201	3	the	the	DET
issue-1191	201	4	terrorist	terrorist	ADJ
issue-1191	201	5	attacks	attack	NOUN
issue-1191	201	6	in	in	ADP
issue-1191	201	7	the	the	DET
issue-1191	201	8	usa	usa	PROPN
issue-1191	201	9	hit	hit	VERB
issue-1191	201	10	a	a	DET
issue-1191	201	11	blow	blow	NOUN
issue-1191	201	12	to	to	ADP
issue-1191	201	13	the	the	DET
issue-1191	201	14	global	global	ADJ
issue-1191	201	15	economy	economy	NOUN
issue-1191	201	16	in	in	ADP
issue-1191	201	17	general	general	ADJ
issue-1191	201	18	.	.	PUNCT
issue-1191	202	1	as	as	ADP
issue-1191	202	2	a	a	DET
issue-1191	202	3	result	result	NOUN
issue-1191	202	4	,	,	PUNCT
issue-1191	202	5	expectations	expectation	NOUN
issue-1191	202	6	of	of	ADP
issue-1191	202	7	major	major	ADJ
issue-1191	202	8	market	market	NOUN
issue-1191	202	9	participants	participant	NOUN
issue-1191	202	10	regarding	regard	VERB
issue-1191	202	11	the	the	DET
issue-1191	202	12	world	world	NOUN
issue-1191	202	13	economy	economy	NOUN
issue-1191	202	14	restoration	restoration	NOUN
issue-1191	202	15	in	in	ADP
issue-1191	202	16	2002	2002	NUM
issue-1191	202	17	remained	remain	VERB
issue-1191	202	18	weak	weak	ADJ
issue-1191	202	19	.	.	PUNCT
issue-1191	203	1	secondly	secondly	ADV
issue-1191	203	2	,	,	PUNCT
issue-1191	203	3	the	the	DET
issue-1191	203	4	number	number	NOUN
issue-1191	203	5	of	of	ADP
issue-1191	203	6	foregoing	forego	VERB
issue-1191	203	7	financial	financial	ADJ
issue-1191	203	8	scandals	scandal	NOUN
issue-1191	203	9	negatively	negatively	ADV
issue-1191	203	10	influenced	influence	VERB
issue-1191	203	11	financial	financial	ADJ
issue-1191	203	12	markets	market	NOUN
issue-1191	203	13	and	and	CCONJ
issue-1191	203	14	added	add	VERB
issue-1191	203	15	weakness	weakness	NOUN
issue-1191	203	16	to	to	ADP
issue-1191	203	17	general	general	ADJ
issue-1191	203	18	expectations	expectation	NOUN
issue-1191	203	19	regarding	regard	VERB
issue-1191	203	20	the	the	DET
issue-1191	203	21	global	global	ADJ
issue-1191	203	22	economy	economy	NOUN
issue-1191	203	23	restoration	restoration	NOUN
issue-1191	203	24	and	and	CCONJ
issue-1191	203	25	corporate	corporate	ADJ
issue-1191	203	26	governance	governance	NOUN
issue-1191	203	27	.	.	PUNCT
issue-1191	204	1	one	one	NUM
issue-1191	204	2	well	well	ADV
issue-1191	204	3	known	know	VERB
issue-1191	204	4	scandal	scandal	NOUN
issue-1191	204	5	was	be	AUX
issue-1191	204	6	connected	connect	VERB
issue-1191	204	7	with	with	ADP
issue-1191	204	8	enron	enron	PROPN
issue-1191	204	9	multinational	multinational	PROPN
issue-1191	204	10	giant	giant	PROPN
issue-1191	204	11	and	and	CCONJ
issue-1191	204	12	arthur	arthur	PROPN
issue-1191	204	13	andersen	andersen	PROPN
issue-1191	204	14	consulting	consulting	PROPN
issue-1191	204	15	company	company	NOUN
issue-1191	204	16	.	.	PUNCT
issue-1191	205	1	third	third	ADJ
issue-1191	205	2	,	,	PUNCT
issue-1191	205	3	some	some	DET
issue-1191	205	4	momentum	momentum	NOUN
issue-1191	205	5	in	in	ADP
issue-1191	205	6	financial	financial	ADJ
issue-1191	205	7	markets	market	NOUN
issue-1191	205	8	still	still	ADV
issue-1191	205	9	remained	remain	VERB
issue-1191	205	10	after	after	ADP
issue-1191	205	11	the	the	DET
issue-1191	205	12	“	"	PUNCT
issue-1191	205	13	dot.com	dot.com	X
issue-1191	205	14	”	"	PUNCT
issue-1191	205	15	crises	crisis	NOUN
issue-1191	205	16	.	.	PUNCT
issue-1191	206	1	results	result	NOUN
issue-1191	206	2	of	of	ADP
issue-1191	206	3	risk	risk	NOUN
issue-1191	206	4	and	and	CCONJ
issue-1191	206	5	return	return	VERB
issue-1191	206	6	calculation	calculation	NOUN
issue-1191	206	7	using	use	VERB
issue-1191	206	8	the	the	DET
issue-1191	206	9	abovementioned	abovementione	VERB
issue-1191	206	10	methodology	methodology	NOUN
issue-1191	206	11	are	be	AUX
issue-1191	206	12	presented	present	VERB
issue-1191	206	13	in	in	ADP
issue-1191	206	14	table	table	NOUN
issue-1191	206	15	1	1	NUM
issue-1191	206	16	.	.	PUNCT
issue-1191	207	1	there	there	PRON
issue-1191	207	2	might	might	AUX
issue-1191	207	3	be	be	AUX
issue-1191	207	4	several	several	ADJ
issue-1191	207	5	ways	way	NOUN
issue-1191	207	6	how	how	SCONJ
issue-1191	207	7	to	to	PART
issue-1191	207	8	identify	identify	VERB
issue-1191	207	9	the	the	DET
issue-1191	207	10	risk	risk	NOUN
issue-1191	207	11	/	/	SYM
issue-1191	207	12	return	return	NOUN
issue-1191	207	13	pattern	pattern	NOUN
issue-1191	207	14	.	.	PUNCT
issue-1191	208	1	herein	herein	NOUN
issue-1191	208	2	we	we	PRON
issue-1191	208	3	are	be	AUX
issue-1191	208	4	going	go	VERB
issue-1191	208	5	to	to	PART
issue-1191	208	6	utilize	utilize	VERB
issue-1191	208	7	the	the	DET
issue-1191	208	8	standard	standard	ADJ
issue-1191	208	9	methodology	methodology	NOUN
issue-1191	208	10	implying	imply	VERB
issue-1191	208	11	computation	computation	NOUN
issue-1191	208	12	of	of	ADP
issue-1191	208	13	a	a	DET
issue-1191	208	14	so	so	ADV
issue-1191	208	15	-	-	PUNCT
issue-1191	208	16	called	call	VERB
issue-1191	208	17	risk	risk	NOUN
issue-1191	208	18	-	-	PUNCT
issue-1191	208	19	adjusted	adjust	VERB
issue-1191	208	20	return	return	NOUN
issue-1191	208	21	using	use	VERB
issue-1191	208	22	the	the	DET
issue-1191	208	23	traditional	traditional	ADJ
issue-1191	208	24	sharpe	sharpe	NOUN
issue-1191	208	25	ratio	ratio	NOUN
issue-1191	208	26	.	.	PUNCT
issue-1191	209	1	the	the	DET
issue-1191	209	2	latter	latter	ADJ
issue-1191	209	3	is	be	AUX
issue-1191	209	4	just	just	ADV
issue-1191	209	5	the	the	DET
issue-1191	209	6	relation	relation	NOUN
issue-1191	209	7	of	of	ADP
issue-1191	209	8	risk	risk	NOUN
issue-1191	209	9	premium	premium	NOUN
issue-1191	209	10	(	(	PUNCT
issue-1191	209	11	difference	difference	NOUN
issue-1191	209	12	between	between	ADP
issue-1191	209	13	return	return	NOUN
issue-1191	209	14	and	and	CCONJ
issue-1191	209	15	risk	risk	NOUN
issue-1191	209	16	-	-	PUNCT
issue-1191	209	17	free	free	ADJ
issue-1191	209	18	rate	rate	NOUN
issue-1191	209	19	)	)	PUNCT
issue-1191	209	20	to	to	ADP
issue-1191	209	21	standard	standard	ADJ
issue-1191	209	22	deviation	deviation	NOUN
issue-1191	209	23	.	.	PUNCT
issue-1191	210	1	having	have	VERB
issue-1191	210	2	risks	risk	NOUN
issue-1191	210	3	and	and	CCONJ
issue-1191	210	4	returns	return	NOUN
issue-1191	210	5	we	we	PRON
issue-1191	210	6	shall	shall	AUX
issue-1191	210	7	thereto	thereto	VERB
issue-1191	210	8	utilize	utilize	VERB
issue-1191	210	9	the	the	DET
issue-1191	210	10	average	average	NOUN
issue-1191	210	11	for	for	ADP
issue-1191	210	12	annual	annual	ADJ
issue-1191	210	13	returns	return	NOUN
issue-1191	210	14	of	of	ADP
issue-1191	210	15	the	the	DET
issue-1191	210	16	us	us	PROPN
issue-1191	210	17	treasury	treasury	PROPN
issue-1191	210	18	bills	bill	NOUN
issue-1191	210	19	that	that	PRON
issue-1191	210	20	is	be	AUX
issue-1191	210	21	traditionally	traditionally	ADV
issue-1191	210	22	used	use	VERB
issue-1191	210	23	as	as	ADP
issue-1191	210	24	a	a	DET
issue-1191	210	25	risk	risk	NOUN
issue-1191	210	26	-	-	PUNCT
issue-1191	210	27	free	free	ADJ
issue-1191	210	28	rate	rate	NOUN
issue-1191	210	29	of	of	ADP
issue-1191	210	30	return	return	NOUN
issue-1191	210	31	.	.	PUNCT
issue-1191	211	1	respective	respective	ADJ
issue-1191	211	2	calculations	calculation	NOUN
issue-1191	211	3	appear	appear	VERB
issue-1191	211	4	in	in	ADP
issue-1191	211	5	table	table	NOUN
issue-1191	211	6	2	2	NUM
issue-1191	211	7	.	.	PUNCT
issue-1191	211	8	model	model	NOUN
issue-1191	211	9	specification	specification	NOUN
issue-1191	211	10	in	in	ADP
issue-1191	211	11	order	order	NOUN
issue-1191	211	12	to	to	PART
issue-1191	211	13	prove	prove	VERB
issue-1191	211	14	the	the	DET
issue-1191	211	15	stated	state	VERB
issue-1191	211	16	hypothesis	hypothesis	NOUN
issue-1191	211	17	right	right	NOUN
issue-1191	211	18	or	or	CCONJ
issue-1191	211	19	wrong	wrong	ADJ
issue-1191	211	20	we	we	PRON
issue-1191	211	21	are	be	AUX
issue-1191	211	22	going	go	VERB
issue-1191	211	23	to	to	PART
issue-1191	211	24	model	model	VERB
issue-1191	211	25	the	the	DET
issue-1191	211	26	impact	impact	NOUN
issue-1191	211	27	of	of	ADP
issue-1191	211	28	risk	risk	NOUN
issue-1191	211	29	and	and	CCONJ
issue-1191	211	30	return	return	VERB
issue-1191	211	31	on	on	ADP
issue-1191	211	32	foreign	foreign	ADJ
issue-1191	211	33	portfolio	portfolio	NOUN
issue-1191	211	34	assets	asset	NOUN
issue-1191	211	35	and	and	CCONJ
issue-1191	211	36	liabilities	liability	NOUN
issue-1191	211	37	for	for	ADP
issue-1191	211	38	specific	specific	ADJ
issue-1191	211	39	market	market	NOUN
issue-1191	211	40	groups	group	NOUN
issue-1191	211	41	.	.	PUNCT
issue-1191	212	1	for	for	ADP
issue-1191	212	2	this	this	DET
issue-1191	212	3	purpose	purpose	NOUN
issue-1191	212	4	,	,	PUNCT
issue-1191	212	5	we	we	PRON
issue-1191	212	6	shall	shall	AUX
issue-1191	212	7	construct	construct	VERB
issue-1191	212	8	a	a	DET
issue-1191	212	9	regression	regression	NOUN
issue-1191	212	10	model	model	NOUN
issue-1191	212	11	with	with	ADP
issue-1191	212	12	risk	risk	NOUN
issue-1191	212	13	and	and	CCONJ
issue-1191	212	14	return	return	VERB
issue-1191	212	15	being	be	AUX
issue-1191	212	16	independent	independent	ADJ
issue-1191	212	17	variables	variable	NOUN
issue-1191	212	18	and	and	CCONJ
issue-1191	212	19	portfolio	portfolio	NOUN
issue-1191	212	20	assets	asset	NOUN
issue-1191	212	21	/	/	SYM
issue-1191	212	22	liabilities	liability	NOUN
issue-1191	212	23	being	be	AUX
issue-1191	212	24	dependent	dependent	ADJ
issue-1191	212	25	variable	variable	NOUN
issue-1191	212	26	.	.	PUNCT
issue-1191	213	1	actually	actually	ADV
issue-1191	213	2	,	,	PUNCT
issue-1191	213	3	we	we	PRON
issue-1191	213	4	are	be	AUX
issue-1191	213	5	going	go	VERB
issue-1191	213	6	to	to	PART
issue-1191	213	7	explore	explore	VERB
issue-1191	213	8	two	two	NUM
issue-1191	213	9	groups	group	NOUN
issue-1191	213	10	of	of	ADP
issue-1191	213	11	models	model	NOUN
issue-1191	213	12	.	.	PUNCT
issue-1191	214	1	first	first	ADJ
issue-1191	214	2	group	group	NOUN
issue-1191	214	3	implies	imply	VERB
issue-1191	214	4	analyzing	analyze	VERB
issue-1191	214	5	liabilities	liability	NOUN
issue-1191	214	6	as	as	ADP
issue-1191	214	7	dependent	dependent	ADJ
issue-1191	214	8	variable	variable	NOUN
issue-1191	214	9	during	during	ADP
issue-1191	214	10	periods	period	NOUN
issue-1191	214	11	of	of	ADP
issue-1191	214	12	increased	increase	VERB
issue-1191	214	13	volatility	volatility	NOUN
issue-1191	214	14	.	.	PUNCT
issue-1191	215	1	we	we	PRON
issue-1191	215	2	are	be	AUX
issue-1191	215	3	considering	consider	VERB
issue-1191	215	4	foreign	foreign	ADJ
issue-1191	215	5	portfolio	portfolio	NOUN
issue-1191	215	6	liabilities	liability	NOUN
issue-1191	215	7	for	for	ADP
issue-1191	215	8	the	the	DET
issue-1191	215	9	global	global	ADJ
issue-1191	215	10	market	market	NOUN
issue-1191	215	11	as	as	ADV
issue-1191	215	12	well	well	ADV
issue-1191	215	13	as	as	ADP
issue-1191	215	14	for	for	ADP
issue-1191	215	15	three	three	NUM
issue-1191	215	16	particular	particular	ADJ
issue-1191	215	17	market	market	NOUN
issue-1191	215	18	groups	group	NOUN
issue-1191	215	19	during	during	ADP
issue-1191	215	20	years	year	NOUN
issue-1191	215	21	of	of	ADP
issue-1191	215	22	increased	increase	VERB
issue-1191	215	23	volatility	volatility	NOUN
issue-1191	215	24	that	that	PRON
issue-1191	215	25	will	will	AUX
issue-1191	215	26	be	be	AUX
issue-1191	215	27	analyzed	analyze	VERB
issue-1191	215	28	altogether	altogether	ADV
issue-1191	215	29	.	.	PUNCT
issue-1191	216	1	liabilities	liability	NOUN
issue-1191	216	2	will	will	AUX
issue-1191	216	3	be	be	AUX
issue-1191	216	4	regarded	regard	VERB
issue-1191	216	5	in	in	ADP
issue-1191	216	6	terms	term	NOUN
issue-1191	216	7	of	of	ADP
issue-1191	216	8	their	their	PRON
issue-1191	216	9	absolute	absolute	ADJ
issue-1191	216	10	values	value	NOUN
issue-1191	216	11	as	as	ADV
issue-1191	216	12	well	well	ADV
issue-1191	216	13	as	as	ADP
issue-1191	216	14	shares	share	NOUN
issue-1191	216	15	(	(	PUNCT
issue-1191	216	16	shares	share	NOUN
issue-1191	216	17	of	of	ADP
issue-1191	216	18	equity	equity	NOUN
issue-1191	216	19	liabilities	liability	NOUN
issue-1191	216	20	of	of	ADP
issue-1191	216	21	particular	particular	ADJ
issue-1191	216	22	market	market	NOUN
issue-1191	216	23	group	group	NOUN
issue-1191	216	24	in	in	ADP
issue-1191	216	25	the	the	DET
issue-1191	216	26	total	total	ADJ
issue-1191	216	27	figure	figure	NOUN
issue-1191	216	28	of	of	ADP
issue-1191	216	29	equity	equity	NOUN
issue-1191	216	30	liabilities	liability	NOUN
issue-1191	216	31	)	)	PUNCT
issue-1191	216	32	.	.	PUNCT
issue-1191	217	1	this	this	DET
issue-1191	217	2	data	data	NOUN
issue-1191	217	3	is	be	AUX
issue-1191	217	4	presented	present	VERB
issue-1191	217	5	in	in	ADP
issue-1191	217	6	table	table	NOUN
issue-1191	217	7	3	3	NUM
issue-1191	217	8	.	.	PUNCT
issue-1191	217	9	thus	thus	ADV
issue-1191	217	10	de	de	X
issue-1191	217	11	facto	facto	X
issue-1191	217	12	we	we	PRON
issue-1191	217	13	shall	shall	AUX
issue-1191	217	14	construct	construct	VERB
issue-1191	217	15	and	and	CCONJ
issue-1191	217	16	study	study	VERB
issue-1191	217	17	7	7	NUM
issue-1191	217	18	models	model	NOUN
issue-1191	217	19	in	in	ADP
issue-1191	217	20	the	the	DET
issue-1191	217	21	first	first	ADJ
issue-1191	217	22	group	group	NOUN
issue-1191	217	23	since	since	SCONJ
issue-1191	217	24	every	every	DET
issue-1191	217	25	mentioned	mention	VERB
issue-1191	217	26	case	case	NOUN
issue-1191	217	27	will	will	AUX
issue-1191	217	28	be	be	AUX
issue-1191	217	29	individually	individually	ADV
issue-1191	217	30	treated	treat	VERB
issue-1191	217	31	for	for	ADP
issue-1191	217	32	dependent	dependent	ADJ
issue-1191	217	33	variable	variable	NOUN
issue-1191	217	34	measured	measure	VERB
issue-1191	217	35	in	in	ADP
issue-1191	217	36	absolute	absolute	ADJ
issue-1191	217	37	figures	figure	NOUN
issue-1191	217	38	(	(	PUNCT
issue-1191	217	39	4	4	NUM
issue-1191	217	40	models	model	NOUN
issue-1191	217	41	)	)	PUNCT
issue-1191	217	42	and	and	CCONJ
issue-1191	217	43	measured	measure	VERB
issue-1191	217	44	as	as	ADP
issue-1191	217	45	a	a	DET
issue-1191	217	46	percentage	percentage	NOUN
issue-1191	217	47	(	(	PUNCT
issue-1191	217	48	3	3	NUM
issue-1191	217	49	models	model	NOUN
issue-1191	217	50	)	)	PUNCT
issue-1191	217	51	.	.	PUNCT
issue-1191	218	1	for	for	ADP
issue-1191	218	2	the	the	DET
issue-1191	218	3	latter	latter	ADJ
issue-1191	218	4	percentages	percentage	NOUN
issue-1191	218	5	are	be	AUX
issue-1191	218	6	not	not	PART
issue-1191	218	7	relevant	relevant	ADJ
issue-1191	218	8	.	.	PUNCT
issue-1191	219	1	second	second	ADJ
issue-1191	219	2	group	group	NOUN
issue-1191	219	3	implies	imply	VERB
issue-1191	219	4	the	the	DET
issue-1191	219	5	same	same	ADJ
issue-1191	219	6	“	"	PUNCT
issue-1191	219	7	duplicated	duplicate	VERB
issue-1191	219	8	”	"	PUNCT
issue-1191	219	9	dependent	dependent	ADJ
issue-1191	219	10	variable	variable	NOUN
issue-1191	219	11	but	but	CCONJ
issue-1191	219	12	for	for	ADP
issue-1191	219	13	periods	period	NOUN
issue-1191	219	14	of	of	ADP
issue-1191	219	15	regular	regular	ADJ
issue-1191	219	16	volatility	volatility	NOUN
issue-1191	219	17	level	level	NOUN
issue-1191	219	18	–	–	PUNCT
issue-1191	219	19	7	7	NUM
issue-1191	219	20	models	model	NOUN
issue-1191	219	21	altogether	altogether	ADV
issue-1191	219	22	again	again	ADV
issue-1191	219	23	.	.	PUNCT
issue-1191	220	1	we	we	PRON
issue-1191	220	2	are	be	AUX
issue-1191	220	3	not	not	PART
issue-1191	220	4	going	go	VERB
issue-1191	220	5	to	to	PART
issue-1191	220	6	study	study	VERB
issue-1191	220	7	assets	asset	NOUN
issue-1191	220	8	for	for	ADP
issue-1191	220	9	a	a	DET
issue-1191	220	10	quite	quite	ADV
issue-1191	220	11	simple	simple	ADJ
issue-1191	220	12	reason	reason	NOUN
issue-1191	220	13	:	:	PUNCT
issue-1191	220	14	risk	risk	NOUN
issue-1191	220	15	and	and	CCONJ
issue-1191	220	16	return	return	NOUN
issue-1191	220	17	are	be	AUX
issue-1191	220	18	pull	pull	ADJ
issue-1191	220	19	but	but	CCONJ
issue-1191	220	20	not	not	PART
issue-1191	220	21	push	push	VERB
issue-1191	220	22	factors	factor	NOUN
issue-1191	220	23	of	of	ADP
issue-1191	220	24	portfolio	portfolio	NOUN
issue-1191	220	25	investments	investment	NOUN
issue-1191	220	26	implying	imply	VERB
issue-1191	220	27	that	that	SCONJ
issue-1191	220	28	only	only	ADJ
issue-1191	220	29	liabilities	liability	NOUN
issue-1191	220	30	matter	matter	VERB
issue-1191	220	31	.	.	PUNCT
issue-1191	221	1	as	as	ADP
issue-1191	221	2	for	for	ADP
issue-1191	221	3	the	the	DET
issue-1191	221	4	percentage	percentage	NOUN
issue-1191	221	5	shares	share	NOUN
issue-1191	221	6	of	of	ADP
issue-1191	221	7	different	different	ADJ
issue-1191	221	8	market	market	NOUN
issue-1191	221	9	groups	group	NOUN
issue-1191	221	10	we	we	PRON
issue-1191	221	11	consider	consider	VERB
issue-1191	221	12	this	this	DET
issue-1191	221	13	piece	piece	NOUN
issue-1191	221	14	of	of	ADP
issue-1191	221	15	data	datum	NOUN
issue-1191	221	16	to	to	PART
issue-1191	221	17	be	be	AUX
issue-1191	221	18	substantial	substantial	ADJ
issue-1191	221	19	since	since	SCONJ
issue-1191	221	20	crisis	crisis	NOUN
issue-1191	221	21	period	period	NOUN
issue-1191	221	22	impacts	impact	NOUN
issue-1191	221	23	not	not	PART
issue-1191	221	24	only	only	ADV
issue-1191	221	25	absolute	absolute	ADJ
issue-1191	221	26	investment	investment	NOUN
issue-1191	221	27	level	level	NOUN
issue-1191	221	28	but	but	CCONJ
issue-1191	221	29	the	the	DET
issue-1191	221	30	relative	relative	ADJ
issue-1191	221	31	attractiveness	attractiveness	NOUN
issue-1191	221	32	of	of	ADP
issue-1191	221	33	different	different	ADJ
issue-1191	221	34	markets	market	NOUN
issue-1191	221	35	uppermost	uppermost	ADV
issue-1191	221	36	.	.	PUNCT
issue-1191	222	1	the	the	DET
issue-1191	222	2	analysis	analysis	NOUN
issue-1191	222	3	like	like	ADP
issue-1191	222	4	this	this	PRON
issue-1191	222	5	might	might	AUX
issue-1191	222	6	be	be	AUX
issue-1191	222	7	even	even	ADV
issue-1191	222	8	more	more	ADV
issue-1191	222	9	meaningful	meaningful	ADJ
issue-1191	222	10	than	than	ADP
issue-1191	222	11	the	the	DET
issue-1191	222	12	traditional	traditional	ADJ
issue-1191	222	13	approach	approach	NOUN
issue-1191	222	14	with	with	ADP
issue-1191	222	15	absolute	absolute	ADJ
issue-1191	222	16	values	value	NOUN
issue-1191	222	17	.	.	PUNCT
issue-1191	223	1	baltic	baltic	PROPN
issue-1191	223	2	journal	journal	PROPN
issue-1191	223	3	of	of	ADP
issue-1191	223	4	economic	economic	ADJ
issue-1191	223	5	studies	study	NOUN
issue-1191	223	6	103	103	NUM
issue-1191	223	7	vol	vol	NOUN
issue-1191	223	8	.	.	PROPN
issue-1191	223	9	7	7	NUM
issue-1191	223	10	no	no	NOUN
issue-1191	223	11	.	.	NOUN
issue-1191	224	1	3	3	NUM
issue-1191	224	2	,	,	PUNCT
issue-1191	224	3	2021	2021	NUM
issue-1191	224	4	model	model	NOUN
issue-1191	224	5	results	result	VERB
issue-1191	224	6	main	main	ADJ
issue-1191	224	7	results	result	NOUN
issue-1191	224	8	of	of	ADP
issue-1191	224	9	the	the	DET
issue-1191	224	10	constructed	construct	VERB
issue-1191	224	11	model	model	NOUN
issue-1191	224	12	are	be	AUX
issue-1191	224	13	presented	present	VERB
issue-1191	224	14	in	in	ADP
issue-1191	224	15	table	table	NOUN
issue-1191	224	16	4	4	NUM
issue-1191	224	17	.	.	PUNCT
issue-1191	225	1	their	their	PRON
issue-1191	225	2	general	general	ADJ
issue-1191	225	3	estimation	estimation	NOUN
issue-1191	225	4	tells	tell	VERB
issue-1191	225	5	us	we	PRON
issue-1191	225	6	that	that	SCONJ
issue-1191	225	7	by	by	ADP
issue-1191	225	8	and	and	CCONJ
issue-1191	225	9	large	large	ADJ
issue-1191	225	10	risk	risk	NOUN
issue-1191	225	11	and	and	CCONJ
issue-1191	225	12	return	return	VERB
issue-1191	225	13	impact	impact	NOUN
issue-1191	225	14	international	international	ADJ
issue-1191	225	15	portfolio	portfolio	NOUN
issue-1191	225	16	investments	investment	NOUN
issue-1191	225	17	in	in	ADP
issue-1191	225	18	the	the	DET
issue-1191	225	19	same	same	ADJ
issue-1191	225	20	direction	direction	NOUN
issue-1191	225	21	as	as	SCONJ
issue-1191	225	22	basic	basic	ADJ
issue-1191	225	23	theories	theory	NOUN
issue-1191	225	24	suggest	suggest	VERB
issue-1191	225	25	.	.	PUNCT
issue-1191	226	1	most	most	ADJ
issue-1191	226	2	parameters	parameter	NOUN
issue-1191	226	3	that	that	PRON
issue-1191	226	4	stand	stand	VERB
issue-1191	226	5	for	for	ADP
issue-1191	226	6	return	return	NOUN
issue-1191	226	7	positively	positively	ADV
issue-1191	226	8	influence	influence	VERB
issue-1191	226	9	international	international	ADJ
issue-1191	226	10	portfolio	portfolio	NOUN
issue-1191	226	11	liabilities	liability	NOUN
issue-1191	226	12	and	and	CCONJ
issue-1191	226	13	respective	respective	ADJ
issue-1191	226	14	conclusion	conclusion	NOUN
issue-1191	226	15	about	about	ADP
issue-1191	226	16	risks	risk	NOUN
issue-1191	226	17	shows	show	VERB
issue-1191	226	18	the	the	DET
issue-1191	226	19	opposite	opposite	ADJ
issue-1191	226	20	direction	direction	NOUN
issue-1191	226	21	.	.	PUNCT
issue-1191	227	1	however	however	ADV
issue-1191	227	2	,	,	PUNCT
issue-1191	227	3	these	these	DET
issue-1191	227	4	relations	relation	NOUN
issue-1191	227	5	should	should	AUX
issue-1191	227	6	be	be	AUX
issue-1191	227	7	analyzed	analyze	VERB
issue-1191	227	8	individually	individually	ADV
issue-1191	227	9	for	for	ADP
issue-1191	227	10	crisis	crisis	NOUN
issue-1191	227	11	periods	period	NOUN
issue-1191	227	12	and	and	CCONJ
issue-1191	227	13	periods	period	NOUN
issue-1191	227	14	of	of	ADP
issue-1191	227	15	increased	increase	VERB
issue-1191	227	16	volatility	volatility	NOUN
issue-1191	227	17	.	.	PUNCT
issue-1191	228	1	periods	period	NOUN
issue-1191	228	2	of	of	ADP
issue-1191	228	3	regular	regular	ADJ
issue-1191	228	4	market	market	NOUN
issue-1191	228	5	regimes	regime	NOUN
issue-1191	228	6	demonstrate	demonstrate	VERB
issue-1191	228	7	the	the	DET
issue-1191	228	8	reverse	reverse	ADJ
issue-1191	228	9	impact	impact	NOUN
issue-1191	228	10	of	of	ADP
issue-1191	228	11	risk	risk	NOUN
issue-1191	228	12	on	on	ADP
issue-1191	228	13	international	international	ADJ
issue-1191	228	14	portfolio	portfolio	NOUN
issue-1191	228	15	liabilities	liability	NOUN
issue-1191	228	16	.	.	PUNCT
issue-1191	229	1	all	all	DET
issue-1191	229	2	respective	respective	ADJ
issue-1191	229	3	parameters	parameter	NOUN
issue-1191	229	4	of	of	ADP
issue-1191	229	5	the	the	DET
issue-1191	229	6	model	model	NOUN
issue-1191	229	7	are	be	AUX
issue-1191	229	8	negative	negative	ADJ
issue-1191	229	9	while	while	NOUN
issue-1191	229	10	for	for	ADP
issue-1191	229	11	developed	develop	VERB
issue-1191	229	12	markets	market	NOUN
issue-1191	229	13	and	and	CCONJ
issue-1191	229	14	thus	thus	ADV
issue-1191	229	15	for	for	ADP
issue-1191	229	16	the	the	DET
issue-1191	229	17	world	world	NOUN
issue-1191	229	18	market	market	NOUN
issue-1191	229	19	as	as	ADP
issue-1191	229	20	a	a	DET
issue-1191	229	21	whole	whole	NOUN
issue-1191	229	22	the	the	DET
issue-1191	229	23	relation	relation	NOUN
issue-1191	229	24	is	be	AUX
issue-1191	229	25	much	much	ADV
issue-1191	229	26	more	more	ADV
issue-1191	229	27	substantial	substantial	ADJ
issue-1191	229	28	compared	compare	VERB
issue-1191	229	29	to	to	ADP
issue-1191	229	30	other	other	ADJ
issue-1191	229	31	market	market	NOUN
issue-1191	229	32	groups	group	NOUN
issue-1191	229	33	.	.	PUNCT
issue-1191	230	1	at	at	ADP
issue-1191	230	2	the	the	DET
issue-1191	230	3	same	same	ADJ
issue-1191	230	4	time	time	NOUN
issue-1191	230	5	the	the	DET
issue-1191	230	6	impact	impact	NOUN
issue-1191	230	7	of	of	ADP
issue-1191	230	8	return	return	NOUN
issue-1191	230	9	is	be	AUX
issue-1191	230	10	either	either	CCONJ
issue-1191	230	11	positive	positive	ADJ
issue-1191	230	12	table	table	NOUN
issue-1191	230	13	1	1	NUM
issue-1191	230	14	dynamics	dynamic	NOUN
issue-1191	230	15	of	of	ADP
issue-1191	230	16	risks	risk	NOUN
issue-1191	230	17	and	and	CCONJ
issue-1191	230	18	returns	return	NOUN
issue-1191	230	19	for	for	ADP
issue-1191	230	20	the	the	DET
issue-1191	230	21	global	global	ADJ
issue-1191	230	22	market	market	NOUN
issue-1191	230	23	and	and	CCONJ
issue-1191	230	24	particular	particular	ADJ
issue-1191	230	25	market	market	NOUN
issue-1191	230	26	groups	group	NOUN
issue-1191	230	27	,	,	PUNCT
issue-1191	230	28	t	t	NOUN
issue-1191	230	29	-	-	PUNCT
issue-1191	230	30	bill	bill	NOUN
issue-1191	230	31	average	average	ADJ
issue-1191	230	32	annual	annual	ADJ
issue-1191	230	33	return	return	NOUN
issue-1191	230	34	(	(	PUNCT
issue-1191	230	35	2002	2002	NUM
issue-1191	230	36	–	–	PUNCT
issue-1191	230	37	2021	2021	NUM
issue-1191	230	38	)	)	PUNCT
issue-1191	230	39	year	year	NOUN
issue-1191	230	40	acwi	acwi	NOUN
issue-1191	230	41	fm	fm	PROPN
issue-1191	230	42	world	world	PROPN
issue-1191	231	1	em	em	PRON
issue-1191	231	2	fm	fm	PROPN
issue-1191	231	3	rf	rf	ADJ
issue-1191	231	4	year	year	NOUN
issue-1191	231	5	acwi	acwi	VERB
issue-1191	231	6	fm	fm	PROPN
issue-1191	231	7	world	world	PROPN
issue-1191	231	8	em	em	PRON
issue-1191	231	9	fm	fm	PROPN
issue-1191	232	1	rf	rf	NUM
issue-1191	232	2	2002	2002	NUM
issue-1191	232	3	-2.39	-2.39	NUM
issue-1191	232	4	-2.46	-2.46	NUM
issue-1191	232	5	-2.04	-2.04	NUM
issue-1191	232	6	1.59	1.59	NUM
issue-1191	232	7	1.61	1.61	NUM
issue-1191	232	8	2012	2012	NUM
issue-1191	232	9	1.37	1.37	NUM
issue-1191	232	10	1.35	1.35	NUM
issue-1191	232	11	1.58	1.58	NUM
issue-1191	232	12	0.77	0.77	NUM
issue-1191	232	13	0.09	0.09	NUM
issue-1191	232	14	6.34	6.34	NUM
issue-1191	232	15	6.47	6.47	NUM
issue-1191	232	16	6.59	6.59	NUM
issue-1191	232	17	2.94	2.94	NUM
issue-1191	232	18	3.73	3.73	NUM
issue-1191	232	19	3.56	3.56	NUM
issue-1191	232	20	5.43	5.43	NUM
issue-1191	232	21	2.34	2.34	NUM
issue-1191	232	22	2003	2003	NUM
issue-1191	232	23	2.50	2.50	NUM
issue-1191	232	24	2.51	2.51	NUM
issue-1191	232	25	3.88	3.88	NUM
issue-1191	232	26	3.11	3.11	NUM
issue-1191	232	27	1.01	1.01	NUM
issue-1191	232	28	2013	2013	NUM
issue-1191	232	29	1.80	1.80	NUM
issue-1191	232	30	2.07	2.07	NUM
issue-1191	232	31	-0.14	-0.14	NUM
issue-1191	232	32	2.02	2.02	NUM
issue-1191	232	33	0.06	0.06	NUM
issue-1191	232	34	3.36	3.36	NUM
issue-1191	232	35	3.41	3.41	NUM
issue-1191	232	36	4.18	4.18	NUM
issue-1191	232	37	3.14	3.14	NUM
issue-1191	232	38	2.57	2.57	NUM
issue-1191	232	39	2.55	2.55	NUM
issue-1191	232	40	3.26	3.26	NUM
issue-1191	232	41	3.36	3.36	NUM
issue-1191	232	42	2004	2004	NUM
issue-1191	232	43	1.24	1.24	NUM
issue-1191	232	44	1.21	1.21	NUM
issue-1191	232	45	2.04	2.04	NUM
issue-1191	232	46	1.75	1.75	NUM
issue-1191	232	47	1.37	1.37	NUM
issue-1191	232	48	2014	2014	NUM
issue-1191	232	49	0.42	0.42	NUM
issue-1191	232	50	0.48	0.48	NUM
issue-1191	232	51	-0.08	-0.08	NUM
issue-1191	232	52	0.64	0.64	NUM
issue-1191	232	53	0.04	0.04	NUM
issue-1191	232	54	2.28	2.28	NUM
issue-1191	232	55	2.25	2.25	NUM
issue-1191	232	56	4.33	4.33	NUM
issue-1191	232	57	2.67	2.67	NUM
issue-1191	232	58	2.43	2.43	NUM
issue-1191	232	59	2.36	2.36	NUM
issue-1191	232	60	3.76	3.76	NUM
issue-1191	232	61	3.52	3.52	NUM
issue-1191	232	62	2005	2005	NUM
issue-1191	232	63	0.94	0.94	NUM
issue-1191	232	64	0.82	0.82	NUM
issue-1191	232	65	2.65	2.65	NUM
issue-1191	232	66	4.91	4.91	NUM
issue-1191	232	67	3.15	3.15	NUM
issue-1191	232	68	2015	2015	NUM
issue-1191	232	69	-0.09	-0.09	NUM
issue-1191	232	70	0.05	0.05	NUM
issue-1191	232	71	-1.19	-1.19	PUNCT
issue-1191	232	72	-1.21	-1.21	PROPN
issue-1191	232	73	0.05	0.05	NUM
issue-1191	232	74	2.39	2.39	NUM
issue-1191	232	75	2.27	2.27	NUM
issue-1191	232	76	5.42	5.42	NUM
issue-1191	232	77	7.27	7.27	NUM
issue-1191	232	78	3.82	3.82	NUM
issue-1191	232	79	3.85	3.85	NUM
issue-1191	232	80	4.87	4.87	NUM
issue-1191	232	81	3.11	3.11	NUM
issue-1191	232	82	2006	2006	NUM
issue-1191	232	83	1.65	1.65	NUM
issue-1191	232	84	1.60	1.60	NUM
issue-1191	232	85	2.51	2.51	NUM
issue-1191	232	86	-0.66	-0.66	NUM
issue-1191	232	87	4.72	4.72	NUM
issue-1191	232	88	2016	2016	NUM
issue-1191	232	89	0.73	0.73	NUM
issue-1191	232	90	0.70	0.70	NUM
issue-1191	232	91	1.04	1.04	NUM
issue-1191	232	92	0.31	0.31	NUM
issue-1191	232	93	0.32	0.32	NUM
issue-1191	232	94	2.14	2.14	NUM
issue-1191	232	95	2.00	2.00	NUM
issue-1191	232	96	5.16	5.16	NUM
issue-1191	232	97	4.63	4.63	NUM
issue-1191	232	98	3.11	3.11	NUM
issue-1191	232	99	3.05	3.05	NUM
issue-1191	232	100	4.92	4.92	NUM
issue-1191	232	101	3.02	3.02	NUM
issue-1191	232	102	2007	2007	NUM
issue-1191	232	103	1.01	1.01	NUM
issue-1191	232	104	0.80	0.80	NUM
issue-1191	232	105	2.96	2.96	NUM
issue-1191	232	106	3.01	3.01	NUM
issue-1191	232	107	4.41	4.41	NUM
issue-1191	232	108	2017	2017	NUM
issue-1191	232	109	1.86	1.86	NUM
issue-1191	232	110	1.75	1.75	NUM
issue-1191	232	111	2.72	2.72	NUM
issue-1191	232	112	2.38	2.38	NUM
issue-1191	232	113	0.93	0.93	NUM
issue-1191	232	114	2.72	2.72	NUM
issue-1191	232	115	2.61	2.61	NUM
issue-1191	232	116	5.09	5.09	NUM
issue-1191	232	117	2.78	2.78	NUM
issue-1191	232	118	0.78	0.78	NUM
issue-1191	232	119	0.79	0.79	NUM
issue-1191	232	120	1.81	1.81	NUM
issue-1191	232	121	1.81	1.81	NUM
issue-1191	232	122	2008	2008	NUM
issue-1191	232	123	-4.16	-4.16	NOUN
issue-1191	233	1	-3.98	-3.98	NUM
issue-1191	233	2	-5.54	-5.54	PROPN
issue-1191	233	3	-5.92	-5.92	NUM
issue-1191	233	4	1.46	1.46	NUM
issue-1191	233	5	2018	2018	NUM
issue-1191	233	6	-0.71	-0.71	NOUN
issue-1191	233	7	-0.64	-0.64	NUM
issue-1191	233	8	-1.18	-1.18	ADP
issue-1191	233	9	-1.38	-1.38	NUM
issue-1191	233	10	1.94	1.94	NUM
issue-1191	233	11	6.94	6.94	NUM
issue-1191	233	12	6.59	6.59	NUM
issue-1191	233	13	10.36	10.36	NUM
issue-1191	233	14	7.99	7.99	NUM
issue-1191	233	15	3.72	3.72	NUM
issue-1191	233	16	3.77	3.77	NUM
issue-1191	233	17	4.27	4.27	NUM
issue-1191	233	18	3.95	3.95	NUM
issue-1191	233	19	2009	2009	NUM
issue-1191	233	20	2.77	2.77	NUM
issue-1191	233	21	2.47	2.47	NUM
issue-1191	233	22	5.27	5.27	NUM
issue-1191	233	23	1.34	1.34	NUM
issue-1191	233	24	0.16	0.16	NUM
issue-1191	233	25	2019	2019	NUM
issue-1191	233	26	2.09	2.09	NUM
issue-1191	233	27	2.16	2.16	NUM
issue-1191	233	28	1.55	1.55	NUM
issue-1191	233	29	1.43	1.43	NUM
issue-1191	233	30	2.07	2.07	NUM
issue-1191	233	31	6.61	6.61	NUM
issue-1191	233	32	6.49	6.49	NUM
issue-1191	233	33	7.98	7.98	NUM
issue-1191	233	34	9.04	9.04	NUM
issue-1191	233	35	3.48	3.48	NUM
issue-1191	233	36	3.39	3.39	NUM
issue-1191	233	37	4.55	4.55	NUM
issue-1191	233	38	1.93	1.93	NUM
issue-1191	233	39	2010	2010	NUM
issue-1191	233	40	1.20	1.20	NUM
issue-1191	233	41	1.13	1.13	NUM
issue-1191	233	42	1.64	1.64	NUM
issue-1191	233	43	1.94	1.94	NUM
issue-1191	233	44	0.13	0.13	NUM
issue-1191	233	45	2020	2020	NUM
issue-1191	233	46	1.56	1.56	NUM
issue-1191	233	47	1.55	1.55	NUM
issue-1191	233	48	1.71	1.71	NUM
issue-1191	233	49	0.47	0.47	NUM
issue-1191	233	50	0.38	0.38	NUM
issue-1191	233	51	5.66	5.66	NUM
issue-1191	233	52	5.66	5.66	NUM
issue-1191	233	53	5.83	5.83	NUM
issue-1191	233	54	4.71	4.71	NUM
issue-1191	233	55	7.19	7.19	NUM
issue-1191	233	56	7.30	7.30	NUM
issue-1191	233	57	7.21	7.21	NUM
issue-1191	233	58	7.72	7.72	NUM
issue-1191	233	59	2011	2011	NUM
issue-1191	233	60	-0.47	-0.47	PRON
issue-1191	233	61	-0.31	-0.31	PROPN
issue-1191	233	62	-1.43	-1.43	NUM
issue-1191	233	63	-1.63	-1.63	NOUN
issue-1191	233	64	0.06	0.06	NUM
issue-1191	233	65	2021	2021	NUM
issue-1191	233	66	1.54	1.54	NUM
issue-1191	233	67	1.67	1.67	NUM
issue-1191	233	68	0.79	0.79	NUM
issue-1191	233	69	0.28	0.28	NUM
issue-1191	233	70	4.99	4.99	NUM
issue-1191	233	71	4.85	4.85	NUM
issue-1191	233	72	6.77	6.77	NUM
issue-1191	233	73	3.23	3.23	NUM
issue-1191	233	74	1.40	1.40	NUM
issue-1191	233	75	1.89	1.89	NUM
issue-1191	233	76	1.87	1.87	NUM
issue-1191	233	77	0.11	0.11	NUM
issue-1191	233	78	notes	note	NOUN
issue-1191	233	79	:	:	PUNCT
issue-1191	233	80	1	1	X
issue-1191	233	81	.	.	NUM
issue-1191	233	82	figures	figure	NOUN
issue-1191	233	83	are	be	AUX
issue-1191	233	84	calculated	calculate	VERB
issue-1191	233	85	by	by	ADP
issue-1191	233	86	the	the	DET
issue-1191	233	87	authors	author	NOUN
issue-1191	233	88	using	use	VERB
issue-1191	233	89	msci	msci	PROPN
issue-1191	233	90	data	datum	NOUN
issue-1191	233	91	on	on	ADP
issue-1191	233	92	indices	index	NOUN
issue-1191	233	93	(	(	PUNCT
issue-1191	233	94	msci	msci	NOUN
issue-1191	233	95	,	,	PUNCT
issue-1191	233	96	2021	2021	NUM
issue-1191	233	97	)	)	PUNCT
issue-1191	233	98	.	.	PUNCT
issue-1191	234	1	2	2	X
issue-1191	234	2	.	.	X
issue-1191	234	3	returns	return	NOUN
issue-1191	234	4	are	be	AUX
issue-1191	234	5	reported	report	VERB
issue-1191	234	6	in	in	ADP
issue-1191	234	7	the	the	DET
issue-1191	234	8	upper	upper	ADJ
issue-1191	234	9	row	row	NOUN
issue-1191	234	10	for	for	ADP
issue-1191	234	11	respective	respective	ADJ
issue-1191	234	12	year	year	NOUN
issue-1191	234	13	,	,	PUNCT
issue-1191	234	14	risks	risk	NOUN
issue-1191	234	15	–	–	PUNCT
issue-1191	234	16	in	in	ADP
issue-1191	234	17	the	the	DET
issue-1191	234	18	bottom	bottom	NOUN
issue-1191	234	19	row	row	NOUN
issue-1191	234	20	.	.	PUNCT
issue-1191	235	1	3	3	X
issue-1191	235	2	.	.	NUM
issue-1191	235	3	years	year	NOUN
issue-1191	235	4	of	of	ADP
issue-1191	235	5	increased	increase	VERB
issue-1191	235	6	volatility	volatility	NOUN
issue-1191	235	7	are	be	AUX
issue-1191	235	8	filled	fill	VERB
issue-1191	235	9	in	in	ADP
issue-1191	235	10	with	with	ADP
issue-1191	235	11	grey	grey	PROPN
issue-1191	235	12	.	.	PUNCT
issue-1191	236	1	4	4	X
issue-1191	236	2	.	.	X
issue-1191	236	3	treasury	treasury	PROPN
issue-1191	236	4	bills	bill	NOUN
issue-1191	236	5	average	average	ADJ
issue-1191	236	6	annual	annual	ADJ
issue-1191	236	7	returns	return	NOUN
issue-1191	236	8	are	be	AUX
issue-1191	236	9	marked	mark	VERB
issue-1191	236	10	as	as	ADP
issue-1191	236	11	rf	rf	ADJ
issue-1191	236	12	(	(	PUNCT
issue-1191	236	13	imf	imf	PROPN
issue-1191	236	14	,	,	PUNCT
issue-1191	236	15	2021	2021	NUM
issue-1191	236	16	-	-	SYM
issue-1191	236	17	2	2	NUM
issue-1191	236	18	)	)	PUNCT
issue-1191	236	19	.	.	PUNCT
issue-1191	237	1	table	table	NOUN
issue-1191	237	2	2	2	NUM
issue-1191	237	3	dynamics	dynamic	NOUN
issue-1191	237	4	of	of	ADP
issue-1191	237	5	sharpe	sharpe	PROPN
issue-1191	237	6	ratio	ratio	PROPN
issue-1191	237	7	for	for	ADP
issue-1191	237	8	particular	particular	ADJ
issue-1191	237	9	market	market	NOUN
issue-1191	237	10	groups	group	NOUN
issue-1191	237	11	(	(	PUNCT
issue-1191	237	12	2002	2002	NUM
issue-1191	237	13	–	–	PUNCT
issue-1191	237	14	2021	2021	NUM
issue-1191	237	15	)	)	PUNCT
issue-1191	237	16	year	year	NOUN
issue-1191	237	17	acwi	acwi	NOUN
issue-1191	237	18	fm	fm	PROPN
issue-1191	237	19	world	world	PROPN
issue-1191	238	1	em	em	PRON
issue-1191	238	2	fm	fm	PROPN
issue-1191	238	3	year	year	NOUN
issue-1191	238	4	acwi	acwi	VERB
issue-1191	238	5	fm	fm	PROPN
issue-1191	238	6	world	world	PROPN
issue-1191	238	7	em	em	PROPN
issue-1191	238	8	fm	fm	PROPN
issue-1191	238	9	2002	2002	NUM
issue-1191	238	10	-0.40	-0.40	NOUN
issue-1191	238	11	-0.40	-0.40	NUM
issue-1191	238	12	-0.33	-0.33	NOUN
issue-1191	238	13	0.50	0.50	NUM
issue-1191	238	14	2012	2012	NUM
issue-1191	238	15	0.37	0.37	NUM
issue-1191	238	16	0.38	0.38	NUM
issue-1191	238	17	0.29	0.29	NUM
issue-1191	238	18	0.33	0.33	NUM
issue-1191	238	19	2003	2003	NUM
issue-1191	238	20	0.72	0.72	NUM
issue-1191	238	21	0.71	0.71	NUM
issue-1191	238	22	0.91	0.91	NUM
issue-1191	238	23	0.96	0.96	NUM
issue-1191	238	24	2013	2013	NUM
issue-1191	238	25	0.70	0.70	NUM
issue-1191	238	26	0.81	0.81	NUM
issue-1191	238	27	-0.04	-0.04	NUM
issue-1191	238	28	0.60	0.60	NUM
issue-1191	238	29	2004	2004	NUM
issue-1191	238	30	0.49	0.49	NUM
issue-1191	238	31	0.49	0.49	NUM
issue-1191	238	32	0.44	0.44	NUM
issue-1191	238	33	0.61	0.61	NUM
issue-1191	238	34	2014	2014	NUM
issue-1191	238	35	0.17	0.17	NUM
issue-1191	238	36	0.20	0.20	NUM
issue-1191	238	37	-0.02	-0.02	NUM
issue-1191	238	38	0.18	0.18	NUM
issue-1191	238	39	2005	2005	NUM
issue-1191	238	40	0.28	0.28	NUM
issue-1191	238	41	0.25	0.25	NUM
issue-1191	238	42	0.44	0.44	NUM
issue-1191	238	43	0.64	0.64	NUM
issue-1191	238	44	2015	2015	NUM
issue-1191	238	45	-0.02	-0.02	NUM
issue-1191	238	46	0.01	0.01	NUM
issue-1191	238	47	-0.25	-0.25	NUM
issue-1191	238	48	-0.39	-0.39	NUM
issue-1191	238	49	2006	2006	NUM
issue-1191	238	50	0.59	0.59	NUM
issue-1191	238	51	0.60	0.60	NUM
issue-1191	238	52	0.41	0.41	NUM
issue-1191	238	53	-0.23	-0.23	NUM
issue-1191	238	54	2016	2016	NUM
issue-1191	238	55	0.23	0.23	NUM
issue-1191	238	56	0.22	0.22	NUM
issue-1191	238	57	0.21	0.21	NUM
issue-1191	238	58	0.09	0.09	NUM
issue-1191	238	59	2007	2007	NUM
issue-1191	238	60	0.24	0.24	NUM
issue-1191	238	61	0.17	0.17	NUM
issue-1191	238	62	0.51	0.51	NUM
issue-1191	238	63	0.95	0.95	NUM
issue-1191	238	64	2017	2017	NUM
issue-1191	238	65	2.29	2.29	NUM
issue-1191	238	66	2.12	2.12	NUM
issue-1191	238	67	1.46	1.46	NUM
issue-1191	238	68	1.27	1.27	NUM
issue-1191	238	69	2008	2008	NUM
issue-1191	238	70	-0.62	-0.62	NOUN
issue-1191	238	71	-0.62	-0.62	NUM
issue-1191	238	72	-0.55	-0.55	NUM
issue-1191	238	73	-0.76	-0.76	PROPN
issue-1191	238	74	2018	2018	NUM
issue-1191	238	75	-0.23	-0.23	PRON
issue-1191	238	76	-0.21	-0.21	NUM
issue-1191	238	77	-0.31	-0.31	NUM
issue-1191	238	78	-0.39	-0.39	NUM
issue-1191	238	79	2009	2009	NUM
issue-1191	238	80	0.42	0.42	NUM
issue-1191	238	81	0.38	0.38	NUM
issue-1191	238	82	0.66	0.66	NUM
issue-1191	238	83	0.15	0.15	NUM
issue-1191	238	84	2019	2019	NUM
issue-1191	238	85	0.55	0.55	NUM
issue-1191	238	86	0.59	0.59	NUM
issue-1191	238	87	0.30	0.30	NUM
issue-1191	238	88	0.65	0.65	NUM
issue-1191	238	89	2010	2010	NUM
issue-1191	238	90	0.21	0.21	NUM
issue-1191	238	91	0.20	0.20	NUM
issue-1191	238	92	0.28	0.28	NUM
issue-1191	238	93	0.41	0.41	NUM
issue-1191	238	94	2020	2020	NUM
issue-1191	238	95	0.21	0.21	NUM
issue-1191	238	96	0.21	0.21	NUM
issue-1191	238	97	0.23	0.23	NUM
issue-1191	238	98	0.06	0.06	NUM
issue-1191	238	99	2011	2011	NUM
issue-1191	238	100	-0.10	-0.10	NUM
issue-1191	238	101	-0.06	-0.06	NUM
issue-1191	238	102	-0.21	-0.21	NUM
issue-1191	238	103	-0.51	-0.51	NOUN
issue-1191	238	104	2021	2021	NUM
issue-1191	238	105	1.10	1.10	NUM
issue-1191	238	106	0.88	0.88	NUM
issue-1191	238	107	0.42	0.42	NUM
issue-1191	238	108	2.55	2.55	NUM
issue-1191	238	109	note	note	NOUN
issue-1191	238	110	:	:	PUNCT
issue-1191	238	111	figures	figure	NOUN
issue-1191	238	112	are	be	AUX
issue-1191	238	113	calculated	calculate	VERB
issue-1191	238	114	by	by	ADP
issue-1191	238	115	the	the	DET
issue-1191	238	116	authors	author	NOUN
issue-1191	238	117	using	use	VERB
issue-1191	238	118	imf	imf	PROPN
issue-1191	238	119	coordinated	coordinate	VERB
issue-1191	238	120	portfolio	portfolio	NOUN
issue-1191	238	121	investment	investment	NOUN
issue-1191	238	122	survey	survey	NOUN
issue-1191	238	123	data	datum	NOUN
issue-1191	238	124	(	(	PUNCT
issue-1191	238	125	imf	imf	PROPN
issue-1191	238	126	,	,	PUNCT
issue-1191	238	127	2021	2021	NUM
issue-1191	238	128	-	-	SYM
issue-1191	238	129	1	1	NUM
issue-1191	238	130	)	)	PUNCT
issue-1191	238	131	.	.	PUNCT
issue-1191	239	1	baltic	baltic	PROPN
issue-1191	239	2	journal	journal	PROPN
issue-1191	239	3	of	of	ADP
issue-1191	239	4	economic	economic	ADJ
issue-1191	239	5	studies	study	NOUN
issue-1191	239	6	104	104	NUM
issue-1191	239	7	vol	vol	NOUN
issue-1191	239	8	.	.	PROPN
issue-1191	240	1	7	7	NUM
issue-1191	240	2	no	no	NOUN
issue-1191	240	3	.	.	NOUN
issue-1191	241	1	3	3	NUM
issue-1191	241	2	,	,	PUNCT
issue-1191	241	3	2021	2021	NUM
issue-1191	241	4	(	(	PUNCT
issue-1191	241	5	for	for	ADP
issue-1191	241	6	the	the	DET
issue-1191	241	7	global	global	ADJ
issue-1191	241	8	market	market	NOUN
issue-1191	241	9	and	and	CCONJ
issue-1191	241	10	for	for	ADP
issue-1191	241	11	developed	develop	VERB
issue-1191	241	12	markets	market	NOUN
issue-1191	241	13	group	group	NOUN
issue-1191	241	14	)	)	PUNCT
issue-1191	241	15	or	or	CCONJ
issue-1191	241	16	negative	negative	ADJ
issue-1191	241	17	(	(	PUNCT
issue-1191	241	18	for	for	ADP
issue-1191	241	19	emerging	emerge	VERB
issue-1191	241	20	and	and	CCONJ
issue-1191	241	21	frontier	frontier	NOUN
issue-1191	241	22	markets	market	NOUN
issue-1191	241	23	)	)	PUNCT
issue-1191	241	24	.	.	PUNCT
issue-1191	242	1	as	as	ADP
issue-1191	242	2	in	in	ADP
issue-1191	242	3	the	the	DET
issue-1191	242	4	case	case	NOUN
issue-1191	242	5	with	with	ADP
issue-1191	242	6	risks	risk	NOUN
issue-1191	242	7	the	the	DET
issue-1191	242	8	significance	significance	NOUN
issue-1191	242	9	of	of	ADP
issue-1191	242	10	this	this	DET
issue-1191	242	11	impact	impact	NOUN
issue-1191	242	12	is	be	AUX
issue-1191	242	13	much	much	ADV
issue-1191	242	14	higher	high	ADJ
issue-1191	242	15	for	for	ADP
issue-1191	242	16	developed	develop	VERB
issue-1191	242	17	markets	market	NOUN
issue-1191	242	18	than	than	ADP
issue-1191	242	19	for	for	ADP
issue-1191	242	20	other	other	ADJ
issue-1191	242	21	market	market	NOUN
issue-1191	242	22	groups	group	NOUN
issue-1191	242	23	.	.	PUNCT
issue-1191	243	1	as	as	ADP
issue-1191	243	2	for	for	ADP
issue-1191	243	3	the	the	DET
issue-1191	243	4	share	share	NOUN
issue-1191	243	5	of	of	ADP
issue-1191	243	6	a	a	DET
issue-1191	243	7	particular	particular	ADJ
issue-1191	243	8	market	market	NOUN
issue-1191	243	9	group	group	NOUN
issue-1191	243	10	respective	respective	ADJ
issue-1191	243	11	risk	risk	NOUN
issue-1191	243	12	parameters	parameter	NOUN
issue-1191	243	13	are	be	AUX
issue-1191	243	14	negative	negative	ADJ
issue-1191	243	15	for	for	ADP
issue-1191	243	16	developed	develop	VERB
issue-1191	243	17	markets	market	NOUN
issue-1191	243	18	and	and	CCONJ
issue-1191	243	19	positive	positive	ADJ
issue-1191	243	20	for	for	ADP
issue-1191	243	21	emerging	emerge	VERB
issue-1191	243	22	markets	market	NOUN
issue-1191	243	23	,	,	PUNCT
issue-1191	243	24	while	while	SCONJ
issue-1191	243	25	for	for	ADP
issue-1191	243	26	frontier	frontier	NOUN
issue-1191	243	27	markets	market	NOUN
issue-1191	243	28	it	it	PRON
issue-1191	243	29	is	be	AUX
issue-1191	243	30	actually	actually	ADV
issue-1191	243	31	approaching	approach	VERB
issue-1191	243	32	zero	zero	NUM
issue-1191	243	33	.	.	PUNCT
issue-1191	244	1	it	it	PRON
issue-1191	244	2	means	mean	VERB
issue-1191	244	3	that	that	SCONJ
issue-1191	244	4	increase	increase	NOUN
issue-1191	244	5	in	in	ADP
issue-1191	244	6	risk	risk	NOUN
issue-1191	244	7	brings	bring	VERB
issue-1191	244	8	about	about	ADP
issue-1191	244	9	decrease	decrease	NOUN
issue-1191	244	10	of	of	ADP
issue-1191	244	11	the	the	DET
issue-1191	244	12	share	share	NOUN
issue-1191	244	13	of	of	ADP
issue-1191	244	14	equity	equity	NOUN
issue-1191	244	15	liabilities	liability	NOUN
issue-1191	244	16	in	in	ADP
issue-1191	244	17	developed	develop	VERB
issue-1191	244	18	markets	market	NOUN
issue-1191	244	19	and	and	CCONJ
issue-1191	244	20	their	their	PRON
issue-1191	244	21	increase	increase	NOUN
issue-1191	244	22	in	in	ADP
issue-1191	244	23	emerging	emerge	VERB
issue-1191	244	24	markets	market	NOUN
issue-1191	244	25	.	.	PUNCT
issue-1191	245	1	this	this	PRON
issue-1191	245	2	can	can	AUX
issue-1191	245	3	be	be	AUX
issue-1191	245	4	explained	explain	VERB
issue-1191	245	5	by	by	ADP
issue-1191	245	6	the	the	DET
issue-1191	245	7	fact	fact	NOUN
issue-1191	245	8	that	that	SCONJ
issue-1191	245	9	low	low	ADJ
issue-1191	245	10	returns	return	NOUN
issue-1191	245	11	in	in	ADP
issue-1191	245	12	developed	develop	VERB
issue-1191	245	13	markets	market	NOUN
issue-1191	245	14	are	be	AUX
issue-1191	245	15	attractive	attractive	ADJ
issue-1191	245	16	for	for	ADP
issue-1191	245	17	foreign	foreign	ADJ
issue-1191	245	18	investors	investor	NOUN
issue-1191	245	19	since	since	SCONJ
issue-1191	245	20	they	they	PRON
issue-1191	245	21	imply	imply	VERB
issue-1191	245	22	low	low	ADJ
issue-1191	245	23	risks	risk	NOUN
issue-1191	245	24	,	,	PUNCT
issue-1191	245	25	and	and	CCONJ
issue-1191	245	26	as	as	ADV
issue-1191	245	27	soon	soon	ADV
issue-1191	245	28	as	as	SCONJ
issue-1191	245	29	the	the	DET
issue-1191	245	30	latter	latter	ADJ
issue-1191	245	31	increase	increase	NOUN
issue-1191	245	32	developed	develop	VERB
issue-1191	245	33	markets	market	NOUN
issue-1191	245	34	lose	lose	VERB
issue-1191	245	35	their	their	PRON
issue-1191	245	36	attractiveness	attractiveness	NOUN
issue-1191	245	37	in	in	ADP
issue-1191	245	38	favor	favor	NOUN
issue-1191	245	39	of	of	ADP
issue-1191	245	40	emerging	emerge	VERB
issue-1191	245	41	markets	market	NOUN
issue-1191	245	42	.	.	PUNCT
issue-1191	246	1	the	the	DET
issue-1191	246	2	case	case	NOUN
issue-1191	246	3	for	for	ADP
issue-1191	246	4	returns	return	NOUN
issue-1191	246	5	implies	imply	VERB
issue-1191	246	6	positive	positive	ADJ
issue-1191	246	7	impact	impact	NOUN
issue-1191	246	8	for	for	ADP
issue-1191	246	9	developed	develop	VERB
issue-1191	246	10	markets	market	NOUN
issue-1191	246	11	and	and	CCONJ
issue-1191	246	12	negative	negative	ADJ
issue-1191	246	13	for	for	ADP
issue-1191	246	14	emerging	emerge	VERB
issue-1191	246	15	and	and	CCONJ
issue-1191	246	16	frontier	frontier	NOUN
issue-1191	246	17	market	market	NOUN
issue-1191	246	18	groups	group	NOUN
issue-1191	246	19	.	.	PUNCT
issue-1191	247	1	to	to	ADP
issue-1191	247	2	our	our	PRON
issue-1191	247	3	mind	mind	NOUN
issue-1191	247	4	besides	besides	SCONJ
issue-1191	247	5	purely	purely	ADV
issue-1191	247	6	statistical	statistical	ADJ
issue-1191	247	7	coincidences	coincidence	NOUN
issue-1191	247	8	such	such	ADJ
issue-1191	247	9	quantitative	quantitative	ADJ
issue-1191	247	10	pattern	pattern	NOUN
issue-1191	247	11	can	can	AUX
issue-1191	247	12	be	be	AUX
issue-1191	247	13	explained	explain	VERB
issue-1191	247	14	by	by	ADP
issue-1191	247	15	investors	investor	NOUN
issue-1191	247	16	subjective	subjective	ADJ
issue-1191	247	17	perception	perception	NOUN
issue-1191	247	18	of	of	ADP
issue-1191	247	19	risks	risk	NOUN
issue-1191	247	20	and	and	CCONJ
issue-1191	247	21	returns	return	NOUN
issue-1191	247	22	.	.	PUNCT
issue-1191	248	1	increase	increase	VERB
issue-1191	248	2	table	table	NOUN
issue-1191	248	3	3	3	NUM
issue-1191	248	4	dynamics	dynamic	NOUN
issue-1191	248	5	of	of	ADP
issue-1191	248	6	international	international	ADJ
issue-1191	248	7	portfolio	portfolio	NOUN
issue-1191	248	8	liabilities	liability	NOUN
issue-1191	248	9	for	for	ADP
issue-1191	248	10	different	different	ADJ
issue-1191	248	11	market	market	NOUN
issue-1191	248	12	groups	group	NOUN
issue-1191	248	13	,	,	PUNCT
issue-1191	249	1	bln	bln	NUM
issue-1191	249	2	.	.	NOUN
issue-1191	249	3	usd	usd	NOUN
issue-1191	249	4	and	and	CCONJ
issue-1191	249	5	%	%	NOUN
issue-1191	249	6	(	(	PUNCT
issue-1191	249	7	2002	2002	NUM
issue-1191	249	8	–	–	PUNCT
issue-1191	249	9	2020	2020	NUM
issue-1191	249	10	)	)	PUNCT
issue-1191	250	1	year	year	NOUN
issue-1191	250	2	total	total	NOUN
issue-1191	250	3	,	,	PUNCT
issue-1191	250	4	bln	bln	NUM
issue-1191	250	5	.	.	NOUN
issue-1191	251	1	usd	usd	NOUN
issue-1191	251	2	developed	develop	VERB
issue-1191	251	3	markets	market	NOUN
issue-1191	251	4	emerging	emerge	VERB
issue-1191	251	5	markets	market	NOUN
issue-1191	251	6	frontier	frontier	NOUN
issue-1191	251	7	markets	market	NOUN
issue-1191	251	8	other	other	ADJ
issue-1191	251	9	markets	market	NOUN
issue-1191	251	10	bln	bln	VERB
issue-1191	251	11	.	.	PUNCT
issue-1191	252	1	usd	usd	NOUN
issue-1191	252	2	%	%	NOUN
issue-1191	252	3	bln	bln	NUM
issue-1191	252	4	.	.	NOUN
issue-1191	253	1	usd	usd	NOUN
issue-1191	253	2	%	%	NOUN
issue-1191	253	3	bln	bln	NUM
issue-1191	253	4	.	.	NOUN
issue-1191	254	1	usd	usd	NOUN
issue-1191	254	2	%	%	NOUN
issue-1191	254	3	bln	bln	NUM
issue-1191	254	4	.	.	PUNCT
issue-1191	255	1	usd	usd	NOUN
issue-1191	255	2	%	%	NOUN
issue-1191	255	3	2001	2001	NUM
issue-1191	255	4	5199	5199	NUM
issue-1191	255	5	4130	4130	NUM
issue-1191	255	6	79.44	79.44	NUM
issue-1191	255	7	274	274	NUM
issue-1191	255	8	5.27	5.27	NUM
issue-1191	255	9	2.9	2.9	NUM
issue-1191	255	10	0.06	0.06	NUM
issue-1191	255	11	792	792	NUM
issue-1191	255	12	15.23	15.23	NUM
issue-1191	255	13	2002	2002	NUM
issue-1191	255	14	4808	4808	NUM
issue-1191	255	15	3629	3629	NUM
issue-1191	255	16	75.48	75.48	NUM
issue-1191	255	17	270	270	NUM
issue-1191	255	18	5.61	5.61	NUM
issue-1191	255	19	2.7	2.7	NUM
issue-1191	255	20	0.06	0.06	NUM
issue-1191	255	21	906	906	NUM
issue-1191	255	22	18.85	18.85	NUM
issue-1191	255	23	2003	2003	NUM
issue-1191	255	24	7023	7023	NUM
issue-1191	255	25	5290	5290	NUM
issue-1191	255	26	75.33	75.33	NUM
issue-1191	255	27	502	502	NUM
issue-1191	255	28	7.14	7.14	NUM
issue-1191	255	29	4.9	4.9	NUM
issue-1191	255	30	0.07	0.07	NUM
issue-1191	255	31	1226	1226	NUM
issue-1191	255	32	17.46	17.46	NUM
issue-1191	255	33	2004	2004	NUM
issue-1191	255	34	8794	8794	NUM
issue-1191	255	35	6459	6459	NUM
issue-1191	255	36	73.45	73.45	NUM
issue-1191	255	37	665	665	NUM
issue-1191	255	38	7.56	7.56	NUM
issue-1191	255	39	8.5	8.5	NUM
issue-1191	255	40	0.10	0.10	NUM
issue-1191	255	41	1661	1661	NUM
issue-1191	255	42	18.89	18.89	NUM
issue-1191	255	43	2005	2005	NUM
issue-1191	255	44	10633	10633	NUM
issue-1191	255	45	7701	7701	NUM
issue-1191	255	46	72.42	72.42	NUM
issue-1191	255	47	1010	1010	NUM
issue-1191	255	48	9.50	9.50	NUM
issue-1191	255	49	10.9	10.9	NUM
issue-1191	255	50	0.10	0.10	NUM
issue-1191	255	51	1912	1912	NUM
issue-1191	255	52	17.98	17.98	NUM
issue-1191	255	53	2006	2006	NUM
issue-1191	255	54	14284	14284	NUM
issue-1191	255	55	10121	10121	NUM
issue-1191	255	56	70.85	70.85	NUM
issue-1191	255	57	1527	1527	NUM
issue-1191	255	58	10.69	10.69	NUM
issue-1191	255	59	22.5	22.5	NUM
issue-1191	255	60	0.16	0.16	NUM
issue-1191	255	61	2614	2614	NUM
issue-1191	255	62	18.30	18.30	NUM
issue-1191	255	63	2007	2007	NUM
issue-1191	255	64	17201	17201	NUM
issue-1191	255	65	11361	11361	NUM
issue-1191	255	66	66.05	66.05	NUM
issue-1191	255	67	2252	2252	NUM
issue-1191	255	68	13.09	13.09	NUM
issue-1191	255	69	37.9	37.9	NUM
issue-1191	255	70	0.22	0.22	NUM
issue-1191	255	71	3550	3550	NUM
issue-1191	255	72	20.64	20.64	NUM
issue-1191	255	73	2008	2008	NUM
issue-1191	255	74	9876	9876	NUM
issue-1191	255	75	6518	6518	NUM
issue-1191	255	76	66.00	66.00	NUM
issue-1191	255	77	1079	1079	NUM
issue-1191	255	78	10.92	10.92	NUM
issue-1191	255	79	23.6	23.6	NUM
issue-1191	255	80	0.24	0.24	NUM
issue-1191	255	81	2256	2256	NUM
issue-1191	255	82	22.84	22.84	NUM
issue-1191	255	83	2009	2009	NUM
issue-1191	255	84	13669	13669	NUM
issue-1191	255	85	8885	8885	NUM
issue-1191	255	86	65.00	65.00	NUM
issue-1191	255	87	1889	1889	NUM
issue-1191	255	88	13.82	13.82	NUM
issue-1191	255	89	30.6	30.6	NUM
issue-1191	255	90	0.22	0.22	NUM
issue-1191	255	91	2866	2866	NUM
issue-1191	255	92	20.96	20.96	NUM
issue-1191	255	93	2010	2010	NUM
issue-1191	255	94	15621	15621	NUM
issue-1191	255	95	9942	9942	NUM
issue-1191	255	96	63.65	63.65	NUM
issue-1191	255	97	2336	2336	NUM
issue-1191	255	98	14.96	14.96	NUM
issue-1191	255	99	38.9	38.9	NUM
issue-1191	255	100	0.25	0.25	NUM
issue-1191	255	101	3303	3303	NUM
issue-1191	255	102	21.15	21.15	NUM
issue-1191	255	103	2011	2011	NUM
issue-1191	255	104	14442	14442	NUM
issue-1191	255	105	9170	9170	NUM
issue-1191	255	106	63.49	63.49	NUM
issue-1191	255	107	1894	1894	NUM
issue-1191	255	108	13.11	13.11	NUM
issue-1191	255	109	41.1	41.1	NUM
issue-1191	255	110	0.28	0.28	NUM
issue-1191	255	111	3337	3337	NUM
issue-1191	255	112	23.11	23.11	NUM
issue-1191	255	113	2012	2012	NUM
issue-1191	255	114	17028	17028	NUM
issue-1191	255	115	10747	10747	NUM
issue-1191	255	116	63.11	63.11	NUM
issue-1191	255	117	2361	2361	NUM
issue-1191	255	118	13.87	13.87	NUM
issue-1191	255	119	45.5	45.5	NUM
issue-1191	255	120	0.27	0.27	NUM
issue-1191	255	121	3874	3874	NUM
issue-1191	255	122	22.75	22.75	NUM
issue-1191	255	123	2013	2013	NUM
issue-1191	255	124	20778	20778	NUM
issue-1191	255	125	13805	13805	NUM
issue-1191	255	126	66.44	66.44	NUM
issue-1191	255	127	2327	2327	NUM
issue-1191	255	128	11.20	11.20	NUM
issue-1191	255	129	50.0	50.0	NUM
issue-1191	255	130	0.24	0.24	NUM
issue-1191	255	131	4596	4596	NUM
issue-1191	255	132	22.12	22.12	NUM
issue-1191	255	133	2014	2014	NUM
issue-1191	255	134	22274	22274	NUM
issue-1191	255	135	14247	14247	NUM
issue-1191	255	136	63.96	63.96	NUM
issue-1191	255	137	2486	2486	NUM
issue-1191	255	138	11.16	11.16	NUM
issue-1191	255	139	67.1	67.1	NUM
issue-1191	255	140	0.30	0.30	NUM
issue-1191	255	141	5474	5474	NUM
issue-1191	255	142	24.57	24.57	NUM
issue-1191	255	143	2015	2015	NUM
issue-1191	255	144	23330	23330	NUM
issue-1191	255	145	15269	15269	NUM
issue-1191	255	146	65.45	65.45	NUM
issue-1191	255	147	2219	2219	NUM
issue-1191	255	148	9.51	9.51	NUM
issue-1191	255	149	64.4	64.4	NUM
issue-1191	255	150	0.28	0.28	NUM
issue-1191	255	151	5778	5778	NUM
issue-1191	255	152	24.77	24.77	NUM
issue-1191	255	153	2016	2016	NUM
issue-1191	255	154	24705	24705	NUM
issue-1191	255	155	15854	15854	NUM
issue-1191	255	156	64.17	64.17	NUM
issue-1191	255	157	2438	2438	NUM
issue-1191	255	158	9.87	9.87	NUM
issue-1191	255	159	65.5	65.5	NUM
issue-1191	255	160	0.27	0.27	NUM
issue-1191	255	161	6348	6348	NUM
issue-1191	255	162	25.70	25.70	NUM
issue-1191	255	163	2017	2017	NUM
issue-1191	255	164	31792	31792	NUM
issue-1191	255	165	20152	20152	NUM
issue-1191	255	166	63.39	63.39	NUM
issue-1191	255	167	3358	3358	NUM
issue-1191	255	168	10.56	10.56	NUM
issue-1191	255	169	88.3	88.3	NUM
issue-1191	255	170	0.28	0.28	NUM
issue-1191	255	171	8194	8194	NUM
issue-1191	255	172	25.77	25.77	NUM
issue-1191	255	173	2018	2018	NUM
issue-1191	255	174	28253	28253	NUM
issue-1191	255	175	17840	17840	NUM
issue-1191	255	176	63.14	63.14	NUM
issue-1191	255	177	2962	2962	NUM
issue-1191	255	178	10.48	10.48	NUM
issue-1191	255	179	78.2	78.2	NUM
issue-1191	255	180	0.28	0.28	NUM
issue-1191	255	181	7373	7373	NUM
issue-1191	255	182	26.10	26.10	NUM
issue-1191	255	183	2019	2019	NUM
issue-1191	255	184	33766	33766	NUM
issue-1191	255	185	21612	21612	NUM
issue-1191	255	186	64.00	64.00	NUM
issue-1191	255	187	3498	3498	NUM
issue-1191	255	188	10.36	10.36	NUM
issue-1191	255	189	90.00	90.00	NUM
issue-1191	255	190	0.27	0.27	NUM
issue-1191	255	191	8567	8567	NUM
issue-1191	255	192	25.37	25.37	NUM
issue-1191	255	193	2020	2020	NUM
issue-1191	255	194	29389	29389	NUM
issue-1191	255	195	18345	18345	NUM
issue-1191	255	196	62.42	62.42	NUM
issue-1191	255	197	2820	2820	NUM
issue-1191	255	198	9.59	9.59	NUM
issue-1191	255	199	70.2	70.2	NUM
issue-1191	255	200	0.24	0.24	NUM
issue-1191	255	201	8154	8154	NUM
issue-1191	255	202	27.75	27.75	NUM
issue-1191	255	203	notes	note	NOUN
issue-1191	255	204	:	:	PUNCT
issue-1191	255	205	1	1	X
issue-1191	255	206	.	.	NUM
issue-1191	255	207	figures	figure	NOUN
issue-1191	255	208	are	be	AUX
issue-1191	255	209	calculated	calculate	VERB
issue-1191	255	210	by	by	ADP
issue-1191	255	211	the	the	DET
issue-1191	255	212	authors	author	NOUN
issue-1191	255	213	using	use	VERB
issue-1191	255	214	imf	imf	PROPN
issue-1191	255	215	coordinated	coordinate	VERB
issue-1191	255	216	portfolio	portfolio	NOUN
issue-1191	255	217	investment	investment	NOUN
issue-1191	255	218	survey	survey	NOUN
issue-1191	255	219	data	datum	NOUN
issue-1191	255	220	(	(	PUNCT
issue-1191	255	221	imf	imf	PROPN
issue-1191	255	222	,	,	PUNCT
issue-1191	255	223	2021	2021	NUM
issue-1191	255	224	-	-	SYM
issue-1191	255	225	1	1	NUM
issue-1191	255	226	)	)	PUNCT
issue-1191	255	227	.	.	PUNCT
issue-1191	256	1	2	2	X
issue-1191	256	2	.	.	X
issue-1191	256	3	shares	share	NOUN
issue-1191	256	4	for	for	ADP
issue-1191	256	5	different	different	ADJ
issue-1191	256	6	market	market	NOUN
issue-1191	256	7	groups	group	NOUN
issue-1191	256	8	represent	represent	VERB
issue-1191	256	9	the	the	DET
issue-1191	256	10	weight	weight	NOUN
issue-1191	256	11	of	of	ADP
issue-1191	256	12	each	each	DET
issue-1191	256	13	group	group	NOUN
issue-1191	256	14	absolute	absolute	ADJ
issue-1191	256	15	figure	figure	NOUN
issue-1191	256	16	in	in	ADP
issue-1191	256	17	the	the	DET
issue-1191	256	18	total	total	ADJ
issue-1191	256	19	volume	volume	NOUN
issue-1191	256	20	of	of	ADP
issue-1191	256	21	equity	equity	NOUN
issue-1191	256	22	liabilities	liability	NOUN
issue-1191	256	23	.	.	PUNCT
issue-1191	257	1	3	3	X
issue-1191	257	2	.	.	NUM
issue-1191	257	3	years	year	NOUN
issue-1191	257	4	of	of	ADP
issue-1191	257	5	increased	increase	VERB
issue-1191	257	6	volatility	volatility	NOUN
issue-1191	257	7	are	be	AUX
issue-1191	257	8	filled	fill	VERB
issue-1191	257	9	in	in	ADP
issue-1191	257	10	with	with	ADP
issue-1191	257	11	grey	grey	PROPN
issue-1191	257	12	.	.	PUNCT
issue-1191	258	1	4	4	X
issue-1191	258	2	.	.	X
issue-1191	258	3	data	datum	NOUN
issue-1191	258	4	for	for	ADP
issue-1191	258	5	2020	2020	NUM
issue-1191	258	6	is	be	AUX
issue-1191	258	7	available	available	ADJ
issue-1191	258	8	as	as	ADP
issue-1191	258	9	of	of	ADP
issue-1191	258	10	june	june	PROPN
issue-1191	258	11	only	only	ADV
issue-1191	258	12	.	.	PUNCT
issue-1191	259	1	table	table	NOUN
issue-1191	259	2	4	4	NUM
issue-1191	259	3	regression	regression	NOUN
issue-1191	259	4	model	model	NOUN
issue-1191	259	5	results	result	VERB
issue-1191	259	6	market	market	NOUN
issue-1191	259	7	group	group	NOUN
issue-1191	259	8	y	y	PROPN
issue-1191	259	9	regular	regular	ADJ
issue-1191	259	10	periods	period	NOUN
issue-1191	259	11	increased	increase	VERB
issue-1191	259	12	volatility	volatility	NOUN
issue-1191	259	13	k1	k1	PROPN
issue-1191	259	14	k2	k2	PROPN
issue-1191	259	15	r2	r2	PROPN
issue-1191	259	16	k1	k1	PROPN
issue-1191	259	17	k2	k2	PROPN
issue-1191	259	18	r2	r2	PROPN
issue-1191	259	19	acwi	acwi	VERB
issue-1191	259	20	fm	fm	PROPN
issue-1191	259	21	usd	usd	PROPN
issue-1191	259	22	447.24	447.24	NUM
issue-1191	259	23	-1463.70	-1463.70	PROPN
issue-1191	260	1	6.78	6.78	NUM
issue-1191	260	2	3793.76	3793.76	NUM
issue-1191	260	3	-1250.15	-1250.15	PROPN
issue-1191	260	4	65.33	65.33	NUM
issue-1191	260	5	world	world	NOUN
issue-1191	260	6	usd	usd	NOUN
issue-1191	260	7	700.19	700.19	NUM
issue-1191	260	8	-1067.04	-1067.04	PROPN
issue-1191	260	9	9.64	9.64	NUM
issue-1191	260	10	2393.54	2393.54	NUM
issue-1191	260	11	-825.22	-825.22	PROPN
issue-1191	260	12	67.00	67.00	NUM
issue-1191	260	13	%	%	NOUN
issue-1191	260	14	1.6397	1.6397	NUM
issue-1191	260	15	-0.8827	-0.8827	NOUN
issue-1191	260	16	11.43	11.43	NUM
issue-1191	260	17	-1.284	-1.284	NOUN
issue-1191	260	18	0.5695	0.5695	NUM
issue-1191	260	19	33.72	33.72	NUM
issue-1191	260	20	em	em	PRON
issue-1191	260	21	usd	usd	NOUN
issue-1191	260	22	-194.03	-194.03	PROPN
issue-1191	260	23	-71.48	-71.48	PROPN
issue-1191	260	24	14.61	14.61	NUM
issue-1191	260	25	227.93	227.93	NUM
issue-1191	260	26	-97.38	-97.38	SYM
issue-1191	260	27	41.90	41.90	NUM
issue-1191	260	28	%	%	NOUN
issue-1191	260	29	-0.4799	-0.4799	PUNCT
issue-1191	260	30	1.0113	1.0113	NUM
issue-1191	260	31	28.90	28.90	NUM
issue-1191	260	32	-0.0156	-0.0156	NOUN
issue-1191	261	1	0.1460	0.1460	NUM
issue-1191	261	2	1.85	1.85	NUM
issue-1191	261	3	fm	fm	NOUN
issue-1191	261	4	usd	usd	NOUN
issue-1191	261	5	-4.6758	-4.6758	NOUN
issue-1191	261	6	-5.6242	-5.6242	VERB
issue-1191	261	7	26.89	26.89	NUM
issue-1191	261	8	1.4493	1.4493	NUM
issue-1191	261	9	1.7692	1.7692	NUM
issue-1191	261	10	1.91	1.91	NUM
issue-1191	261	11	%	%	NOUN
issue-1191	261	12	-0.0232	-0.0232	NOUN
issue-1191	261	13	-0.0073	-0.0073	NOUN
issue-1191	262	1	25.12	25.12	NUM
issue-1191	262	2	-0.0176	-0.0176	NOUN
issue-1191	262	3	-0.0029	-0.0029	PROPN
issue-1191	262	4	24.33	24.33	NUM
issue-1191	262	5	notes	note	NOUN
issue-1191	262	6	:	:	PUNCT
issue-1191	262	7	1	1	X
issue-1191	262	8	.	.	NUM
issue-1191	262	9	figures	figure	NOUN
issue-1191	262	10	are	be	AUX
issue-1191	262	11	calculated	calculate	VERB
issue-1191	262	12	by	by	ADP
issue-1191	262	13	the	the	DET
issue-1191	262	14	authors	author	NOUN
issue-1191	262	15	.	.	PUNCT
issue-1191	263	1	2	2	X
issue-1191	263	2	.	.	X
issue-1191	263	3	model	model	NOUN
issue-1191	263	4	parameters	parameter	NOUN
issue-1191	263	5	are	be	AUX
issue-1191	263	6	represented	represent	VERB
issue-1191	263	7	by	by	ADP
issue-1191	263	8	k1	k1	PROPN
issue-1191	263	9	and	and	CCONJ
issue-1191	263	10	k2	k2	ADJ
issue-1191	263	11	ratios	ratio	NOUN
issue-1191	263	12	that	that	PRON
issue-1191	263	13	respectively	respectively	ADV
issue-1191	263	14	stand	stand	VERB
issue-1191	263	15	for	for	ADP
issue-1191	263	16	return	return	NOUN
issue-1191	263	17	and	and	CCONJ
issue-1191	263	18	risk	risk	NOUN
issue-1191	263	19	.	.	PUNCT
issue-1191	264	1	baltic	baltic	PROPN
issue-1191	264	2	journal	journal	PROPN
issue-1191	264	3	of	of	ADP
issue-1191	264	4	economic	economic	ADJ
issue-1191	264	5	studies	study	NOUN
issue-1191	264	6	105	105	NUM
issue-1191	264	7	vol	vol	NOUN
issue-1191	264	8	.	.	PUNCT
issue-1191	265	1	7	7	NUM
issue-1191	265	2	,	,	PUNCT
issue-1191	265	3	no	no	INTJ
issue-1191	265	4	.	.	NOUN
issue-1191	265	5	3	3	NUM
issue-1191	265	6	,	,	PUNCT
issue-1191	265	7	2021	2021	NUM
issue-1191	265	8	of	of	ADP
issue-1191	265	9	returns	return	NOUN
issue-1191	265	10	in	in	ADP
issue-1191	265	11	developed	develop	VERB
issue-1191	265	12	markets	market	NOUN
issue-1191	265	13	is	be	AUX
issue-1191	265	14	not	not	PART
issue-1191	265	15	accepted	accept	VERB
issue-1191	265	16	by	by	ADP
issue-1191	265	17	investors	investor	NOUN
issue-1191	265	18	as	as	ADP
issue-1191	265	19	the	the	DET
issue-1191	265	20	sign	sign	NOUN
issue-1191	265	21	of	of	ADP
issue-1191	265	22	volatility	volatility	NOUN
issue-1191	265	23	increase	increase	NOUN
issue-1191	265	24	.	.	PUNCT
issue-1191	266	1	however	however	ADV
issue-1191	266	2	,	,	PUNCT
issue-1191	266	3	for	for	ADP
issue-1191	266	4	less	less	ADV
issue-1191	266	5	developed	develop	VERB
issue-1191	266	6	markets	market	NOUN
issue-1191	266	7	it	it	PRON
issue-1191	266	8	can	can	AUX
issue-1191	266	9	be	be	AUX
issue-1191	266	10	treated	treat	VERB
issue-1191	266	11	as	as	ADP
issue-1191	266	12	the	the	DET
issue-1191	266	13	direct	direct	ADJ
issue-1191	266	14	result	result	NOUN
issue-1191	266	15	of	of	ADP
issue-1191	266	16	increase	increase	NOUN
issue-1191	266	17	in	in	ADP
issue-1191	266	18	risks	risk	NOUN
issue-1191	266	19	.	.	PUNCT
issue-1191	267	1	the	the	DET
issue-1191	267	2	regular	regular	ADJ
issue-1191	267	3	periods	period	NOUN
issue-1191	267	4	pattern	pattern	NOUN
issue-1191	267	5	can	can	AUX
issue-1191	267	6	be	be	AUX
issue-1191	267	7	also	also	ADV
issue-1191	267	8	described	describe	VERB
issue-1191	267	9	by	by	ADP
issue-1191	267	10	positive	positive	ADJ
issue-1191	267	11	returns	return	NOUN
issue-1191	267	12	in	in	ADP
issue-1191	267	13	almost	almost	ADV
issue-1191	267	14	all	all	PRON
issue-1191	267	15	cases	case	NOUN
issue-1191	267	16	with	with	ADP
issue-1191	267	17	the	the	DET
issue-1191	267	18	absolute	absolute	ADJ
issue-1191	267	19	level	level	NOUN
issue-1191	267	20	for	for	ADP
issue-1191	267	21	developed	develop	VERB
issue-1191	267	22	markets	market	NOUN
issue-1191	267	23	(	(	PUNCT
issue-1191	267	24	and	and	CCONJ
issue-1191	267	25	for	for	ADP
issue-1191	267	26	the	the	DET
issue-1191	267	27	global	global	ADJ
issue-1191	267	28	market	market	NOUN
issue-1191	267	29	)	)	PUNCT
issue-1191	267	30	being	be	AUX
issue-1191	267	31	lower	low	ADJ
issue-1191	267	32	than	than	ADP
issue-1191	267	33	for	for	ADP
issue-1191	267	34	emerging	emerge	VERB
issue-1191	267	35	and	and	CCONJ
issue-1191	267	36	frontier	frontier	NOUN
issue-1191	267	37	markets	market	NOUN
issue-1191	267	38	.	.	PUNCT
issue-1191	268	1	there	there	PRON
issue-1191	268	2	are	be	VERB
issue-1191	268	3	only	only	ADV
issue-1191	268	4	three	three	NUM
issue-1191	268	5	exceptions	exception	NOUN
issue-1191	268	6	for	for	ADP
issue-1191	268	7	frontier	frontier	NOUN
issue-1191	268	8	markets	market	NOUN
issue-1191	268	9	in	in	ADP
issue-1191	268	10	2006	2006	NUM
issue-1191	268	11	,	,	PUNCT
issue-1191	268	12	2009	2009	NUM
issue-1191	268	13	and	and	CCONJ
issue-1191	268	14	2012	2012	NUM
issue-1191	268	15	that	that	PRON
issue-1191	268	16	can	can	AUX
issue-1191	268	17	be	be	AUX
issue-1191	268	18	regarded	regard	VERB
issue-1191	268	19	as	as	ADP
issue-1191	268	20	purely	purely	ADV
issue-1191	268	21	statistical	statistical	ADJ
issue-1191	268	22	especially	especially	ADV
issue-1191	268	23	considering	consider	VERB
issue-1191	268	24	extremely	extremely	ADV
issue-1191	268	25	low	low	ADJ
issue-1191	268	26	level	level	NOUN
issue-1191	268	27	of	of	ADP
issue-1191	268	28	frontier	frontier	NOUN
issue-1191	268	29	market	market	NOUN
issue-1191	268	30	capitalization	capitalization	NOUN
issue-1191	268	31	.	.	PUNCT
issue-1191	269	1	they	they	PRON
issue-1191	269	2	in	in	ADP
issue-1191	269	3	fact	fact	NOUN
issue-1191	269	4	do	do	AUX
issue-1191	269	5	not	not	PART
issue-1191	269	6	produce	produce	VERB
issue-1191	269	7	any	any	DET
issue-1191	269	8	effect	effect	NOUN
issue-1191	269	9	on	on	ADP
issue-1191	269	10	the	the	DET
issue-1191	269	11	global	global	ADJ
issue-1191	269	12	market	market	NOUN
issue-1191	269	13	.	.	PUNCT
issue-1191	270	1	concerning	concern	VERB
issue-1191	270	2	volatility	volatility	NOUN
issue-1191	270	3	,	,	PUNCT
issue-1191	270	4	its	its	PRON
issue-1191	270	5	description	description	NOUN
issue-1191	270	6	comes	come	VERB
issue-1191	270	7	from	from	ADP
issue-1191	270	8	the	the	DET
issue-1191	270	9	basic	basic	ADJ
issue-1191	270	10	criteria	criterion	NOUN
issue-1191	270	11	–	–	PUNCT
issue-1191	270	12	relatively	relatively	ADV
issue-1191	270	13	low	low	ADJ
issue-1191	270	14	levels	level	NOUN
issue-1191	270	15	of	of	ADP
issue-1191	270	16	risk	risk	NOUN
issue-1191	270	17	(	(	PUNCT
issue-1191	270	18	below	below	ADP
issue-1191	270	19	the	the	DET
issue-1191	270	20	median	median	NOUN
issue-1191	270	21	)	)	PUNCT
issue-1191	270	22	except	except	SCONJ
issue-1191	270	23	the	the	DET
issue-1191	270	24	cases	case	NOUN
issue-1191	270	25	when	when	SCONJ
issue-1191	270	26	the	the	DET
issue-1191	270	27	volatility	volatility	NOUN
issue-1191	270	28	decreases	decrease	VERB
issue-1191	270	29	compared	compare	VERB
issue-1191	270	30	to	to	ADP
issue-1191	270	31	the	the	DET
issue-1191	270	32	previous	previous	ADJ
issue-1191	270	33	year	year	NOUN
issue-1191	270	34	.	.	PUNCT
issue-1191	271	1	volatility	volatility	NOUN
issue-1191	271	2	for	for	ADP
issue-1191	271	3	emerging	emerge	VERB
issue-1191	271	4	and	and	CCONJ
issue-1191	271	5	frontier	frontier	NOUN
issue-1191	271	6	markets	market	NOUN
issue-1191	271	7	is	be	AUX
issue-1191	271	8	in	in	ADP
issue-1191	271	9	most	most	ADJ
issue-1191	271	10	cases	case	NOUN
issue-1191	271	11	higher	high	ADJ
issue-1191	271	12	compared	compare	VERB
issue-1191	271	13	to	to	ADP
issue-1191	271	14	developed	develop	VERB
issue-1191	271	15	markets	market	NOUN
issue-1191	271	16	,	,	PUNCT
issue-1191	271	17	with	with	ADP
issue-1191	271	18	some	some	DET
issue-1191	271	19	exceptions	exception	NOUN
issue-1191	271	20	being	be	AUX
issue-1191	271	21	for	for	ADP
issue-1191	271	22	frontier	frontier	NOUN
issue-1191	271	23	markets	market	NOUN
issue-1191	271	24	only	only	ADV
issue-1191	271	25	.	.	PUNCT
issue-1191	272	1	the	the	DET
issue-1191	272	2	sharpe	sharpe	PROPN
issue-1191	272	3	ratios	ratio	NOUN
issue-1191	272	4	are	be	AUX
issue-1191	272	5	all	all	ADV
issue-1191	272	6	positive	positive	ADJ
issue-1191	272	7	for	for	ADP
issue-1191	272	8	the	the	DET
issue-1191	272	9	global	global	ADJ
issue-1191	272	10	market	market	NOUN
issue-1191	272	11	as	as	ADV
issue-1191	272	12	well	well	ADV
issue-1191	272	13	as	as	ADP
issue-1191	272	14	for	for	ADP
issue-1191	272	15	developed	develop	VERB
issue-1191	272	16	markets	market	NOUN
issue-1191	272	17	.	.	PUNCT
issue-1191	273	1	only	only	ADV
issue-1191	273	2	few	few	ADJ
issue-1191	273	3	cases	case	NOUN
issue-1191	273	4	of	of	ADP
issue-1191	273	5	the	the	DET
issue-1191	273	6	negative	negative	ADJ
issue-1191	273	7	sharpe	sharpe	PROPN
issue-1191	273	8	ratios	ratio	NOUN
issue-1191	273	9	can	can	AUX
issue-1191	273	10	be	be	AUX
issue-1191	273	11	observed	observe	VERB
issue-1191	273	12	for	for	ADP
issue-1191	273	13	emerging	emerge	VERB
issue-1191	273	14	markets	market	NOUN
issue-1191	273	15	(	(	PUNCT
issue-1191	273	16	in	in	ADP
issue-1191	273	17	2013	2013	NUM
issue-1191	273	18	and	and	CCONJ
issue-1191	273	19	2014	2014	NUM
issue-1191	273	20	)	)	PUNCT
issue-1191	273	21	and	and	CCONJ
issue-1191	273	22	for	for	ADP
issue-1191	273	23	frontier	frontier	NOUN
issue-1191	273	24	markets	market	NOUN
issue-1191	273	25	(	(	PUNCT
issue-1191	273	26	in	in	ADP
issue-1191	273	27	2006	2006	NUM
issue-1191	273	28	)	)	PUNCT
issue-1191	273	29	.	.	PUNCT
issue-1191	274	1	periods	period	NOUN
issue-1191	274	2	of	of	ADP
issue-1191	274	3	increased	increase	VERB
issue-1191	274	4	volatility	volatility	NOUN
issue-1191	274	5	can	can	AUX
issue-1191	274	6	be	be	AUX
issue-1191	274	7	characterized	characterize	VERB
issue-1191	274	8	by	by	ADP
issue-1191	274	9	a	a	DET
issue-1191	274	10	specific	specific	ADJ
issue-1191	274	11	pattern	pattern	NOUN
issue-1191	274	12	of	of	ADP
issue-1191	274	13	risk	risk	NOUN
issue-1191	274	14	/	/	SYM
issue-1191	274	15	return	return	NOUN
issue-1191	274	16	tradeoff	tradeoff	NOUN
issue-1191	274	17	.	.	PUNCT
issue-1191	275	1	according	accord	VERB
issue-1191	275	2	to	to	ADP
issue-1191	275	3	the	the	DET
issue-1191	275	4	model	model	NOUN
issue-1191	275	5	risk	risk	NOUN
issue-1191	275	6	factor	factor	NOUN
issue-1191	275	7	also	also	ADV
issue-1191	275	8	demonstrates	demonstrate	VERB
issue-1191	275	9	reverse	reverse	ADJ
issue-1191	275	10	impact	impact	NOUN
issue-1191	275	11	on	on	ADP
issue-1191	275	12	portfolio	portfolio	NOUN
issue-1191	275	13	liabilities	liability	NOUN
issue-1191	275	14	for	for	ADP
issue-1191	275	15	the	the	DET
issue-1191	275	16	global	global	ADJ
issue-1191	275	17	market	market	NOUN
issue-1191	275	18	and	and	CCONJ
issue-1191	275	19	for	for	ADP
issue-1191	275	20	developed	developed	ADJ
issue-1191	275	21	and	and	CCONJ
issue-1191	275	22	emerging	emerge	VERB
issue-1191	275	23	market	market	NOUN
issue-1191	275	24	groups	group	NOUN
issue-1191	275	25	,	,	PUNCT
issue-1191	275	26	while	while	SCONJ
issue-1191	275	27	for	for	ADP
issue-1191	275	28	frontier	frontier	NOUN
issue-1191	275	29	markets	market	NOUN
issue-1191	275	30	it	it	PRON
issue-1191	275	31	is	be	AUX
issue-1191	275	32	direct	direct	ADJ
issue-1191	275	33	and	and	CCONJ
issue-1191	275	34	pretty	pretty	ADV
issue-1191	275	35	small	small	ADJ
issue-1191	275	36	.	.	PUNCT
issue-1191	276	1	return	return	VERB
issue-1191	276	2	variable	variable	ADJ
issue-1191	276	3	influences	influence	VERB
issue-1191	276	4	liabilities	liability	NOUN
issue-1191	276	5	directly	directly	ADV
issue-1191	276	6	for	for	ADP
issue-1191	276	7	all	all	DET
issue-1191	276	8	market	market	NOUN
issue-1191	276	9	groups	group	NOUN
issue-1191	276	10	with	with	ADP
issue-1191	276	11	the	the	DET
issue-1191	276	12	impact	impact	NOUN
issue-1191	276	13	being	be	AUX
issue-1191	276	14	much	much	ADV
issue-1191	276	15	more	more	ADV
issue-1191	276	16	substantial	substantial	ADJ
issue-1191	276	17	for	for	ADP
issue-1191	276	18	developed	develop	VERB
issue-1191	276	19	markets	market	NOUN
issue-1191	276	20	and	and	CCONJ
issue-1191	276	21	the	the	DET
issue-1191	276	22	global	global	ADJ
issue-1191	276	23	market	market	NOUN
issue-1191	276	24	.	.	PUNCT
issue-1191	277	1	parameters	parameter	NOUN
issue-1191	277	2	responsible	responsible	ADJ
issue-1191	277	3	for	for	ADP
issue-1191	277	4	impact	impact	NOUN
issue-1191	277	5	on	on	ADP
issue-1191	277	6	the	the	DET
issue-1191	277	7	shares	share	NOUN
issue-1191	277	8	are	be	AUX
issue-1191	277	9	all	all	ADV
issue-1191	277	10	negative	negative	ADJ
issue-1191	277	11	and	and	CCONJ
issue-1191	277	12	not	not	PART
issue-1191	277	13	very	very	ADV
issue-1191	277	14	substantial	substantial	ADJ
issue-1191	277	15	.	.	PUNCT
issue-1191	278	1	absolute	absolute	ADJ
issue-1191	278	2	returns	return	NOUN
issue-1191	278	3	in	in	ADP
issue-1191	278	4	crisis	crisis	NOUN
issue-1191	278	5	periods	period	NOUN
issue-1191	278	6	are	be	AUX
issue-1191	278	7	mostly	mostly	ADV
issue-1191	278	8	negative	negative	ADJ
issue-1191	278	9	except	except	SCONJ
issue-1191	278	10	for	for	ADP
issue-1191	278	11	the	the	DET
issue-1191	278	12	2020	2020	NUM
issue-1191	278	13	only	only	ADV
issue-1191	278	14	.	.	PUNCT
issue-1191	279	1	the	the	DET
issue-1191	279	2	last	last	ADJ
issue-1191	279	3	crisis	crisis	NOUN
issue-1191	279	4	year	year	NOUN
issue-1191	279	5	can	can	AUX
issue-1191	279	6	be	be	AUX
issue-1191	279	7	singled	single	VERB
issue-1191	279	8	out	out	ADP
issue-1191	279	9	as	as	ADP
issue-1191	279	10	a	a	DET
issue-1191	279	11	separate	separate	ADJ
issue-1191	279	12	pattern	pattern	NOUN
issue-1191	279	13	that	that	PRON
issue-1191	279	14	essentially	essentially	ADV
issue-1191	279	15	differs	differ	VERB
issue-1191	279	16	even	even	ADV
issue-1191	279	17	from	from	ADP
issue-1191	279	18	other	other	ADJ
issue-1191	279	19	crisis	crisis	NOUN
issue-1191	279	20	years	year	NOUN
issue-1191	279	21	.	.	PUNCT
issue-1191	280	1	it	it	PRON
issue-1191	280	2	will	will	AUX
issue-1191	280	3	be	be	AUX
issue-1191	280	4	discussed	discuss	VERB
issue-1191	280	5	later	later	ADV
issue-1191	280	6	.	.	PUNCT
issue-1191	281	1	there	there	PRON
issue-1191	281	2	are	be	VERB
issue-1191	281	3	only	only	ADV
issue-1191	281	4	two	two	NUM
issue-1191	281	5	exceptions	exception	NOUN
issue-1191	281	6	:	:	PUNCT
issue-1191	281	7	frontier	frontier	NOUN
issue-1191	281	8	markets	market	NOUN
issue-1191	281	9	in	in	ADP
issue-1191	281	10	2002	2002	NUM
issue-1191	281	11	(	(	PUNCT
issue-1191	281	12	1.59	1.59	NUM
issue-1191	281	13	)	)	PUNCT
issue-1191	281	14	and	and	CCONJ
issue-1191	281	15	developed	develop	VERB
issue-1191	281	16	markets	market	NOUN
issue-1191	281	17	in	in	ADP
issue-1191	281	18	2015	2015	NUM
issue-1191	281	19	(	(	PUNCT
issue-1191	281	20	0.05	0.05	NUM
issue-1191	281	21	)	)	PUNCT
issue-1191	281	22	.	.	PUNCT
issue-1191	282	1	these	these	PRON
issue-1191	282	2	are	be	AUX
issue-1191	282	3	purely	purely	ADV
issue-1191	282	4	statistical	statistical	ADJ
issue-1191	282	5	points	point	NOUN
issue-1191	282	6	.	.	PUNCT
issue-1191	283	1	all	all	DET
issue-1191	283	2	crisis	crisis	NOUN
issue-1191	283	3	years	year	NOUN
issue-1191	283	4	except	except	SCONJ
issue-1191	283	5	2020	2020	NUM
issue-1191	283	6	are	be	AUX
issue-1191	283	7	attributed	attribute	VERB
issue-1191	283	8	to	to	ADP
issue-1191	283	9	the	the	DET
issue-1191	283	10	negative	negative	ADJ
issue-1191	283	11	sharpe	sharpe	PROPN
issue-1191	283	12	ratios	ratio	NOUN
issue-1191	283	13	that	that	PRON
issue-1191	283	14	are	be	AUX
issue-1191	283	15	the	the	DET
issue-1191	283	16	direct	direct	ADJ
issue-1191	283	17	results	result	NOUN
issue-1191	283	18	of	of	ADP
issue-1191	283	19	negative	negative	ADJ
issue-1191	283	20	returns	return	NOUN
issue-1191	283	21	.	.	PUNCT
issue-1191	284	1	at	at	ADP
issue-1191	284	2	the	the	DET
issue-1191	284	3	same	same	ADJ
issue-1191	284	4	time	time	NOUN
issue-1191	284	5	,	,	PUNCT
issue-1191	284	6	we	we	PRON
issue-1191	284	7	can	can	AUX
issue-1191	284	8	say	say	VERB
issue-1191	284	9	that	that	SCONJ
issue-1191	284	10	the	the	PRON
issue-1191	284	11	higher	high	ADJ
issue-1191	284	12	the	the	DET
issue-1191	284	13	volatility	volatility	NOUN
issue-1191	284	14	the	the	PRON
issue-1191	284	15	lower	low	ADJ
issue-1191	284	16	the	the	DET
issue-1191	284	17	sharpe	sharpe	PROPN
issue-1191	284	18	ratio	ratio	NOUN
issue-1191	284	19	.	.	PUNCT
issue-1191	285	1	as	as	ADP
issue-1191	285	2	for	for	ADP
issue-1191	285	3	the	the	DET
issue-1191	285	4	absolute	absolute	ADJ
issue-1191	285	5	volume	volume	NOUN
issue-1191	285	6	of	of	ADP
issue-1191	285	7	liabilities	liability	NOUN
issue-1191	285	8	it	it	PRON
issue-1191	285	9	decreases	decrease	VERB
issue-1191	285	10	in	in	ADP
issue-1191	285	11	all	all	DET
issue-1191	285	12	crisis	crisis	NOUN
issue-1191	285	13	years	year	NOUN
issue-1191	285	14	except	except	SCONJ
issue-1191	285	15	in	in	ADP
issue-1191	285	16	2015	2015	NUM
issue-1191	285	17	.	.	PUNCT
issue-1191	286	1	the	the	DET
issue-1191	286	2	same	same	ADJ
issue-1191	286	3	behavior	behavior	NOUN
issue-1191	286	4	is	be	AUX
issue-1191	286	5	observed	observe	VERB
issue-1191	286	6	for	for	ADP
issue-1191	286	7	developed	develop	VERB
issue-1191	286	8	markets	market	NOUN
issue-1191	286	9	and	and	CCONJ
issue-1191	286	10	frontier	frontier	NOUN
issue-1191	286	11	markets	market	NOUN
issue-1191	286	12	except	except	SCONJ
issue-1191	286	13	in	in	ADP
issue-1191	286	14	2011	2011	NUM
issue-1191	286	15	.	.	PUNCT
issue-1191	287	1	emerging	emerge	VERB
issue-1191	287	2	markets	market	NOUN
issue-1191	287	3	demonstrated	demonstrate	VERB
issue-1191	287	4	the	the	DET
issue-1191	287	5	cut	cut	NOUN
issue-1191	287	6	in	in	ADP
issue-1191	287	7	liabilities	liability	NOUN
issue-1191	287	8	in	in	ADP
issue-1191	287	9	all	all	DET
issue-1191	287	10	crisis	crisis	NOUN
issue-1191	287	11	years	year	NOUN
issue-1191	287	12	.	.	PUNCT
issue-1191	288	1	the	the	DET
issue-1191	288	2	pattern	pattern	NOUN
issue-1191	288	3	for	for	ADP
issue-1191	288	4	other	other	ADJ
issue-1191	288	5	market	market	NOUN
issue-1191	288	6	groups	group	NOUN
issue-1191	288	7	is	be	AUX
issue-1191	288	8	not	not	PART
issue-1191	288	9	so	so	ADV
issue-1191	288	10	evident	evident	ADJ
issue-1191	288	11	,	,	PUNCT
issue-1191	288	12	since	since	SCONJ
issue-1191	288	13	in	in	ADP
issue-1191	288	14	some	some	DET
issue-1191	288	15	years	year	NOUN
issue-1191	288	16	liabilities	liability	NOUN
issue-1191	288	17	increase	increase	VERB
issue-1191	288	18	and	and	CCONJ
issue-1191	288	19	in	in	ADP
issue-1191	288	20	some	some	DET
issue-1191	288	21	years	year	NOUN
issue-1191	288	22	they	they	PRON
issue-1191	288	23	decrease	decrease	VERB
issue-1191	288	24	.	.	PUNCT
issue-1191	289	1	however	however	ADV
issue-1191	289	2	,	,	PUNCT
issue-1191	289	3	the	the	DET
issue-1191	289	4	share	share	NOUN
issue-1191	289	5	of	of	ADP
issue-1191	289	6	this	this	DET
issue-1191	289	7	market	market	NOUN
issue-1191	289	8	group	group	NOUN
issue-1191	289	9	is	be	AUX
issue-1191	289	10	increasing	increase	VERB
issue-1191	289	11	in	in	ADP
issue-1191	289	12	all	all	DET
issue-1191	289	13	crisis	crisis	NOUN
issue-1191	289	14	years	year	NOUN
issue-1191	289	15	.	.	PUNCT
issue-1191	290	1	that	that	PRON
issue-1191	290	2	can	can	AUX
issue-1191	290	3	be	be	AUX
issue-1191	290	4	explained	explain	VERB
issue-1191	290	5	by	by	ADP
issue-1191	290	6	the	the	DET
issue-1191	290	7	structure	structure	NOUN
issue-1191	290	8	of	of	ADP
issue-1191	290	9	this	this	DET
issue-1191	290	10	group	group	NOUN
issue-1191	290	11	.	.	PUNCT
issue-1191	291	1	it	it	PRON
issue-1191	291	2	includes	include	VERB
issue-1191	291	3	off	off	ADP
issue-1191	291	4	-	-	PUNCT
issue-1191	291	5	shore	shore	NOUN
issue-1191	291	6	markets	market	NOUN
issue-1191	291	7	that	that	PRON
issue-1191	291	8	become	become	VERB
issue-1191	291	9	more	more	ADV
issue-1191	291	10	attractive	attractive	ADJ
issue-1191	291	11	during	during	ADP
issue-1191	291	12	periods	period	NOUN
issue-1191	291	13	of	of	ADP
issue-1191	291	14	increased	increase	VERB
issue-1191	291	15	volatility	volatility	NOUN
issue-1191	291	16	.	.	PUNCT
issue-1191	292	1	respective	respective	ADJ
issue-1191	292	2	share	share	NOUN
issue-1191	292	3	of	of	ADP
issue-1191	292	4	developed	develop	VERB
issue-1191	292	5	markets	market	NOUN
issue-1191	292	6	does	do	AUX
issue-1191	292	7	not	not	PART
issue-1191	292	8	change	change	VERB
issue-1191	292	9	substantially	substantially	ADV
issue-1191	292	10	but	but	CCONJ
issue-1191	292	11	in	in	ADP
issue-1191	292	12	major	major	ADJ
issue-1191	292	13	years	year	NOUN
issue-1191	292	14	it	it	PRON
issue-1191	292	15	slightly	slightly	ADV
issue-1191	292	16	decreases	decrease	VERB
issue-1191	292	17	.	.	PUNCT
issue-1191	293	1	the	the	DET
issue-1191	293	2	average	average	ADJ
issue-1191	293	3	share	share	NOUN
issue-1191	293	4	for	for	ADP
issue-1191	293	5	regular	regular	ADJ
issue-1191	293	6	period	period	NOUN
issue-1191	293	7	is	be	AUX
issue-1191	293	8	67.95	67.95	NUM
issue-1191	293	9	%	%	NOUN
issue-1191	293	10	while	while	NOUN
issue-1191	293	11	for	for	ADP
issue-1191	293	12	increased	increase	VERB
issue-1191	293	13	volatility	volatility	NOUN
issue-1191	293	14	it	it	PRON
issue-1191	293	15	is	be	AUX
issue-1191	293	16	66.00	66.00	NUM
issue-1191	293	17	%	%	NOUN
issue-1191	293	18	.	.	PUNCT
issue-1191	294	1	respective	respective	ADJ
issue-1191	294	2	averages	average	NOUN
issue-1191	294	3	for	for	ADP
issue-1191	294	4	other	other	ADJ
issue-1191	294	5	market	market	NOUN
issue-1191	294	6	group	group	NOUN
issue-1191	294	7	are	be	AUX
issue-1191	294	8	21.21	21.21	NUM
issue-1191	294	9	%	%	NOUN
issue-1191	294	10	and	and	CCONJ
issue-1191	294	11	23.90	23.90	NUM
issue-1191	294	12	%	%	NOUN
issue-1191	294	13	and	and	CCONJ
issue-1191	294	14	for	for	ADP
issue-1191	294	15	emerging	emerge	VERB
issue-1191	294	16	markets	market	NOUN
issue-1191	294	17	they	they	PRON
issue-1191	294	18	are	be	AUX
issue-1191	294	19	10.65	10.65	NUM
issue-1191	294	20	%	%	NOUN
issue-1191	294	21	and	and	CCONJ
issue-1191	294	22	9.87	9.87	NUM
issue-1191	294	23	%	%	NOUN
issue-1191	294	24	.	.	PUNCT
issue-1191	295	1	however	however	ADV
issue-1191	295	2	,	,	PUNCT
issue-1191	295	3	considering	consider	VERB
issue-1191	295	4	much	much	ADV
issue-1191	295	5	lower	low	ADJ
issue-1191	295	6	investment	investment	NOUN
issue-1191	295	7	position	position	NOUN
issue-1191	295	8	level	level	NOUN
issue-1191	295	9	of	of	ADP
issue-1191	295	10	the	the	DET
issue-1191	295	11	two	two	NUM
issue-1191	295	12	latter	latter	ADJ
issue-1191	295	13	groups	group	NOUN
issue-1191	295	14	mentioned	mention	VERB
issue-1191	295	15	changes	change	NOUN
issue-1191	295	16	should	should	AUX
issue-1191	295	17	be	be	AUX
issue-1191	295	18	regarded	regard	VERB
issue-1191	295	19	as	as	ADP
issue-1191	295	20	more	more	ADV
issue-1191	295	21	substantial	substantial	ADJ
issue-1191	295	22	compared	compare	VERB
issue-1191	295	23	to	to	ADP
issue-1191	295	24	developed	develop	VERB
issue-1191	295	25	markets	market	NOUN
issue-1191	295	26	.	.	PUNCT
issue-1191	296	1	summarizing	summarize	VERB
issue-1191	296	2	finally	finally	ADV
issue-1191	296	3	the	the	DET
issue-1191	296	4	model	model	NOUN
issue-1191	296	5	reliability	reliability	NOUN
issue-1191	296	6	in	in	ADP
issue-1191	296	7	terms	term	NOUN
issue-1191	296	8	of	of	ADP
issue-1191	296	9	its	its	PRON
issue-1191	296	10	determination	determination	NOUN
issue-1191	296	11	ratio	ratio	NOUN
issue-1191	296	12	we	we	PRON
issue-1191	296	13	should	should	AUX
issue-1191	296	14	note	note	VERB
issue-1191	296	15	that	that	SCONJ
issue-1191	296	16	the	the	DET
issue-1191	296	17	model	model	NOUN
issue-1191	296	18	objective	objective	NOUN
issue-1191	296	19	is	be	AUX
issue-1191	296	20	not	not	PART
issue-1191	296	21	to	to	PART
issue-1191	296	22	confirm	confirm	VERB
issue-1191	296	23	the	the	DET
issue-1191	296	24	impact	impact	NOUN
issue-1191	296	25	of	of	ADP
issue-1191	296	26	risk	risk	NOUN
issue-1191	296	27	and	and	CCONJ
issue-1191	296	28	return	return	VERB
issue-1191	296	29	on	on	ADP
issue-1191	296	30	international	international	ADJ
issue-1191	296	31	portfolio	portfolio	NOUN
issue-1191	296	32	flows	flow	NOUN
issue-1191	296	33	,	,	PUNCT
issue-1191	296	34	assets	asset	NOUN
issue-1191	296	35	and	and	CCONJ
issue-1191	296	36	liabilities	liability	NOUN
issue-1191	296	37	.	.	PUNCT
issue-1191	297	1	this	this	DET
issue-1191	297	2	impact	impact	NOUN
issue-1191	297	3	does	do	AUX
issue-1191	297	4	not	not	PART
issue-1191	297	5	raise	raise	VERB
issue-1191	297	6	any	any	DET
issue-1191	297	7	doubts	doubt	NOUN
issue-1191	297	8	.	.	PUNCT
issue-1191	298	1	instead	instead	ADV
issue-1191	298	2	,	,	PUNCT
issue-1191	298	3	we	we	PRON
issue-1191	298	4	would	would	AUX
issue-1191	298	5	like	like	VERB
issue-1191	298	6	to	to	PART
issue-1191	298	7	identify	identify	VERB
issue-1191	298	8	the	the	DET
issue-1191	298	9	relative	relative	ADJ
issue-1191	298	10	significance	significance	NOUN
issue-1191	298	11	of	of	ADP
issue-1191	298	12	the	the	DET
issue-1191	298	13	impact	impact	NOUN
issue-1191	298	14	under	under	ADP
issue-1191	298	15	question	question	NOUN
issue-1191	298	16	for	for	ADP
issue-1191	298	17	different	different	ADJ
issue-1191	298	18	market	market	NOUN
issue-1191	298	19	regimes	regime	NOUN
issue-1191	298	20	and	and	CCONJ
issue-1191	298	21	for	for	ADP
issue-1191	298	22	different	different	ADJ
issue-1191	298	23	market	market	NOUN
issue-1191	298	24	groups	group	NOUN
issue-1191	298	25	as	as	ADV
issue-1191	298	26	well	well	ADV
issue-1191	298	27	as	as	ADP
issue-1191	298	28	to	to	PART
issue-1191	298	29	define	define	VERB
issue-1191	298	30	particular	particular	ADJ
issue-1191	298	31	quantitative	quantitative	ADJ
issue-1191	298	32	estimates	estimate	NOUN
issue-1191	298	33	of	of	ADP
issue-1191	298	34	such	such	ADJ
issue-1191	298	35	impact	impact	NOUN
issue-1191	298	36	.	.	PUNCT
issue-1191	299	1	in	in	ADP
issue-1191	299	2	terms	term	NOUN
issue-1191	299	3	of	of	ADP
issue-1191	299	4	existing	exist	VERB
issue-1191	299	5	theory	theory	NOUN
issue-1191	299	6	risk	risk	NOUN
issue-1191	299	7	and	and	CCONJ
issue-1191	299	8	returns	return	NOUN
issue-1191	299	9	are	be	AUX
issue-1191	299	10	traditional	traditional	ADJ
issue-1191	299	11	factors	factor	NOUN
issue-1191	299	12	of	of	ADP
issue-1191	299	13	portfolio	portfolio	NOUN
issue-1191	299	14	investing	invest	VERB
issue-1191	299	15	either	either	CCONJ
issue-1191	299	16	domestically	domestically	ADV
issue-1191	299	17	or	or	CCONJ
issue-1191	299	18	internationally	internationally	ADV
issue-1191	299	19	.	.	PUNCT
issue-1191	300	1	notwithstanding	notwithstanding	ADP
issue-1191	300	2	the	the	DET
issue-1191	300	3	model	model	NOUN
issue-1191	300	4	results	result	NOUN
issue-1191	300	5	show	show	VERB
issue-1191	300	6	that	that	SCONJ
issue-1191	300	7	during	during	ADP
issue-1191	300	8	periods	period	NOUN
issue-1191	300	9	of	of	ADP
issue-1191	300	10	increased	increase	VERB
issue-1191	300	11	volatility	volatility	NOUN
issue-1191	300	12	pattern	pattern	NOUN
issue-1191	300	13	of	of	ADP
issue-1191	300	14	risk	risk	NOUN
issue-1191	300	15	and	and	CCONJ
issue-1191	300	16	return	return	VERB
issue-1191	300	17	impact	impact	NOUN
issue-1191	300	18	on	on	ADP
issue-1191	300	19	portfolio	portfolio	NOUN
issue-1191	300	20	liabilities	liability	NOUN
issue-1191	300	21	for	for	ADP
issue-1191	300	22	the	the	DET
issue-1191	300	23	global	global	ADJ
issue-1191	300	24	markets	market	NOUN
issue-1191	300	25	is	be	AUX
issue-1191	300	26	much	much	ADV
issue-1191	300	27	more	more	ADV
issue-1191	300	28	reliable	reliable	ADJ
issue-1191	300	29	compared	compare	VERB
issue-1191	300	30	to	to	ADP
issue-1191	300	31	regular	regular	ADJ
issue-1191	300	32	periods	period	NOUN
issue-1191	300	33	,	,	PUNCT
issue-1191	300	34	respective	respective	ADJ
issue-1191	300	35	values	value	NOUN
issue-1191	300	36	of	of	ADP
issue-1191	300	37	determination	determination	NOUN
issue-1191	300	38	ratio	ratio	NOUN
issue-1191	300	39	are	be	AUX
issue-1191	300	40	6.78	6.78	NUM
issue-1191	300	41	and	and	CCONJ
issue-1191	300	42	65.33	65.33	NUM
issue-1191	300	43	.	.	PUNCT
issue-1191	301	1	the	the	DET
issue-1191	301	2	cases	case	NOUN
issue-1191	301	3	for	for	ADP
issue-1191	301	4	developed	developed	ADJ
issue-1191	301	5	and	and	CCONJ
issue-1191	301	6	emerging	emerge	VERB
issue-1191	301	7	markets	market	NOUN
issue-1191	301	8	are	be	AUX
issue-1191	301	9	very	very	ADV
issue-1191	301	10	similar	similar	ADJ
issue-1191	301	11	.	.	PUNCT
issue-1191	302	1	only	only	ADV
issue-1191	302	2	for	for	ADP
issue-1191	302	3	frontier	frontier	NOUN
issue-1191	302	4	markets	market	NOUN
issue-1191	302	5	the	the	DET
issue-1191	302	6	opposite	opposite	ADJ
issue-1191	302	7	relation	relation	NOUN
issue-1191	302	8	is	be	AUX
issue-1191	302	9	observed	observe	VERB
issue-1191	302	10	.	.	PUNCT
issue-1191	303	1	the	the	DET
issue-1191	303	2	impact	impact	NOUN
issue-1191	303	3	on	on	ADP
issue-1191	303	4	particular	particular	ADJ
issue-1191	303	5	market	market	NOUN
issue-1191	303	6	group	group	NOUN
issue-1191	303	7	share	share	NOUN
issue-1191	303	8	is	be	AUX
issue-1191	303	9	less	less	ADV
issue-1191	303	10	reliable	reliable	ADJ
issue-1191	303	11	for	for	ADP
issue-1191	303	12	developed	developed	ADJ
issue-1191	303	13	and	and	CCONJ
issue-1191	303	14	emerging	emerge	VERB
issue-1191	303	15	markets	market	NOUN
issue-1191	303	16	during	during	ADP
issue-1191	303	17	crises	crisis	NOUN
issue-1191	303	18	and	and	CCONJ
issue-1191	303	19	more	more	ADV
issue-1191	303	20	reliable	reliable	ADJ
issue-1191	303	21	during	during	ADP
issue-1191	303	22	regular	regular	ADJ
issue-1191	303	23	periods	period	NOUN
issue-1191	303	24	.	.	PUNCT
issue-1191	304	1	for	for	ADP
issue-1191	304	2	frontier	frontier	NOUN
issue-1191	304	3	markets	market	NOUN
issue-1191	304	4	respective	respective	ADJ
issue-1191	304	5	difference	difference	NOUN
issue-1191	304	6	for	for	ADP
issue-1191	304	7	regular	regular	ADJ
issue-1191	304	8	periods	period	NOUN
issue-1191	304	9	is	be	AUX
issue-1191	304	10	not	not	PART
issue-1191	304	11	substantial	substantial	ADJ
issue-1191	304	12	but	but	CCONJ
issue-1191	304	13	for	for	ADP
issue-1191	304	14	periods	period	NOUN
issue-1191	304	15	of	of	ADP
issue-1191	304	16	increased	increase	VERB
issue-1191	304	17	volatility	volatility	NOUN
issue-1191	304	18	the	the	DET
issue-1191	304	19	reliability	reliability	NOUN
issue-1191	304	20	is	be	AUX
issue-1191	304	21	higher	high	ADJ
issue-1191	304	22	for	for	ADP
issue-1191	304	23	the	the	DET
issue-1191	304	24	share	share	NOUN
issue-1191	304	25	rather	rather	ADV
issue-1191	304	26	than	than	ADP
issue-1191	304	27	for	for	ADP
issue-1191	304	28	liabilities	liability	NOUN
issue-1191	304	29	themselves	themselves	PRON
issue-1191	304	30	.	.	PUNCT
issue-1191	305	1	as	as	SCONJ
issue-1191	305	2	we	we	PRON
issue-1191	305	3	mentioned	mention	VERB
issue-1191	305	4	above	above	ADP
issue-1191	305	5	the	the	DET
issue-1191	305	6	2020	2020	NUM
issue-1191	305	7	crisis	crisis	NOUN
issue-1191	305	8	year	year	NOUN
issue-1191	305	9	can	can	AUX
issue-1191	305	10	be	be	AUX
issue-1191	305	11	singled	single	VERB
issue-1191	305	12	out	out	ADP
issue-1191	305	13	into	into	ADP
issue-1191	305	14	a	a	DET
issue-1191	305	15	specific	specific	ADJ
issue-1191	305	16	pattern	pattern	NOUN
issue-1191	305	17	that	that	PRON
issue-1191	305	18	actually	actually	ADV
issue-1191	305	19	does	do	AUX
issue-1191	305	20	not	not	PART
issue-1191	305	21	match	match	VERB
issue-1191	305	22	main	main	ADJ
issue-1191	305	23	features	feature	NOUN
issue-1191	305	24	of	of	ADP
issue-1191	305	25	the	the	DET
issue-1191	305	26	crisis	crisis	NOUN
issue-1191	305	27	model	model	NOUN
issue-1191	305	28	.	.	PUNCT
issue-1191	306	1	that	that	PRON
issue-1191	306	2	is	be	AUX
issue-1191	306	3	primarily	primarily	ADV
issue-1191	306	4	due	due	ADJ
issue-1191	306	5	to	to	ADP
issue-1191	306	6	the	the	DET
issue-1191	306	7	fact	fact	NOUN
issue-1191	306	8	that	that	SCONJ
issue-1191	306	9	extremely	extremely	ADV
issue-1191	306	10	high	high	ADJ
issue-1191	306	11	levels	level	NOUN
issue-1191	306	12	of	of	ADP
issue-1191	306	13	risk	risk	NOUN
issue-1191	306	14	for	for	ADP
issue-1191	306	15	all	all	DET
issue-1191	306	16	market	market	NOUN
issue-1191	306	17	groups	group	NOUN
issue-1191	306	18	and	and	CCONJ
issue-1191	306	19	for	for	ADP
issue-1191	306	20	the	the	DET
issue-1191	306	21	global	global	ADJ
issue-1191	306	22	market	market	NOUN
issue-1191	306	23	positive	positive	ADJ
issue-1191	306	24	returns	return	NOUN
issue-1191	306	25	were	be	AUX
issue-1191	306	26	fixed	fix	VERB
issue-1191	306	27	.	.	PUNCT
issue-1191	307	1	in	in	ADP
issue-1191	307	2	terms	term	NOUN
issue-1191	307	3	of	of	ADP
issue-1191	307	4	contemporary	contemporary	ADJ
issue-1191	307	5	portfolio	portfolio	NOUN
issue-1191	307	6	theory	theory	NOUN
issue-1191	307	7	this	this	DET
issue-1191	307	8	fact	fact	NOUN
issue-1191	307	9	can	can	AUX
issue-1191	307	10	seem	seem	VERB
issue-1191	307	11	to	to	PART
issue-1191	307	12	be	be	AUX
issue-1191	307	13	hardly	hardly	ADV
issue-1191	307	14	explained	explain	VERB
issue-1191	307	15	.	.	PUNCT
issue-1191	308	1	however	however	ADV
issue-1191	308	2	,	,	PUNCT
issue-1191	308	3	to	to	PART
issue-1191	308	4	realize	realize	VERB
issue-1191	308	5	the	the	DET
issue-1191	308	6	causes	cause	NOUN
issue-1191	308	7	of	of	ADP
issue-1191	308	8	such	such	ADJ
issue-1191	308	9	increase	increase	NOUN
issue-1191	308	10	in	in	ADP
issue-1191	308	11	returns	return	NOUN
issue-1191	308	12	we	we	PRON
issue-1191	308	13	need	need	VERB
issue-1191	308	14	to	to	PART
issue-1191	308	15	study	study	VERB
issue-1191	308	16	the	the	DET
issue-1191	308	17	structure	structure	NOUN
issue-1191	308	18	and	and	CCONJ
issue-1191	308	19	stages	stage	NOUN
issue-1191	308	20	of	of	ADP
issue-1191	308	21	the	the	DET
issue-1191	308	22	covid	covid	PROPN
issue-1191	308	23	crisis	crisis	NOUN
issue-1191	308	24	and	and	CCONJ
issue-1191	308	25	related	related	ADJ
issue-1191	308	26	events	event	NOUN
issue-1191	308	27	of	of	ADP
issue-1191	308	28	2020	2020	NUM
issue-1191	308	29	.	.	PUNCT
issue-1191	309	1	major	major	ADJ
issue-1191	309	2	negative	negative	ADJ
issue-1191	309	3	returns	return	NOUN
issue-1191	309	4	in	in	ADP
issue-1191	309	5	equity	equity	NOUN
issue-1191	309	6	markets	market	NOUN
issue-1191	309	7	occurred	occur	VERB
issue-1191	309	8	only	only	ADV
issue-1191	309	9	in	in	ADP
issue-1191	309	10	the	the	DET
issue-1191	309	11	first	first	ADJ
issue-1191	309	12	quarter	quarter	NOUN
issue-1191	309	13	of	of	ADP
issue-1191	309	14	2020	2020	NUM
issue-1191	309	15	.	.	PUNCT
issue-1191	310	1	even	even	ADV
issue-1191	310	2	in	in	ADP
issue-1191	310	3	january	january	PROPN
issue-1191	310	4	and	and	CCONJ
issue-1191	310	5	first	first	ADJ
issue-1191	310	6	half	half	NOUN
issue-1191	310	7	of	of	ADP
issue-1191	310	8	february	february	PROPN
issue-1191	310	9	the	the	DET
issue-1191	310	10	global	global	ADJ
issue-1191	310	11	market	market	NOUN
issue-1191	310	12	kept	keep	VERB
issue-1191	310	13	on	on	ADP
issue-1191	310	14	with	with	ADP
issue-1191	310	15	little	little	ADJ
issue-1191	310	16	but	but	CCONJ
issue-1191	310	17	positive	positive	ADJ
issue-1191	310	18	returns	return	NOUN
issue-1191	310	19	despite	despite	SCONJ
issue-1191	310	20	the	the	DET
issue-1191	310	21	covid	covid	PROPN
issue-1191	310	22	pandemic	pandemic	PROPN
issue-1191	310	23	in	in	ADP
issue-1191	310	24	china	china	PROPN
issue-1191	310	25	.	.	PUNCT
issue-1191	311	1	then	then	ADV
issue-1191	311	2	the	the	DET
issue-1191	311	3	main	main	ADJ
issue-1191	311	4	drop	drop	NOUN
issue-1191	311	5	down	down	ADP
issue-1191	311	6	occurred	occur	VERB
issue-1191	311	7	in	in	ADP
issue-1191	311	8	the	the	DET
issue-1191	311	9	end	end	NOUN
issue-1191	311	10	february	february	PROPN
issue-1191	311	11	and	and	CCONJ
issue-1191	311	12	lasted	last	VERB
issue-1191	311	13	for	for	ADP
issue-1191	311	14	almost	almost	ADV
issue-1191	311	15	a	a	PRON
issue-1191	311	16	month	month	NOUN
issue-1191	311	17	.	.	PUNCT
issue-1191	312	1	this	this	DET
issue-1191	312	2	so	so	ADV
issue-1191	312	3	-	-	PUNCT
issue-1191	312	4	called	call	VERB
issue-1191	312	5	sell	sell	NOUN
issue-1191	312	6	-	-	PUNCT
issue-1191	312	7	off	off	NOUN
issue-1191	312	8	was	be	AUX
issue-1191	312	9	due	due	ADJ
issue-1191	312	10	to	to	ADP
issue-1191	312	11	the	the	DET
issue-1191	312	12	overwhelming	overwhelming	ADJ
issue-1191	312	13	panic	panic	NOUN
issue-1191	312	14	that	that	PRON
issue-1191	312	15	started	start	VERB
issue-1191	312	16	after	after	ADP
issue-1191	312	17	disease	disease	NOUN
issue-1191	312	18	covered	cover	VERB
issue-1191	312	19	italy	italy	PROPN
issue-1191	312	20	.	.	PUNCT
issue-1191	313	1	this	this	DET
issue-1191	313	2	very	very	ADJ
issue-1191	313	3	period	period	NOUN
issue-1191	313	4	accounts	account	VERB
issue-1191	313	5	for	for	ADP
issue-1191	313	6	major	major	ADJ
issue-1191	313	7	portion	portion	NOUN
issue-1191	313	8	of	of	ADP
issue-1191	313	9	high	high	ADJ
issue-1191	313	10	risks	risk	NOUN
issue-1191	313	11	in	in	ADP
issue-1191	313	12	2020	2020	NUM
issue-1191	313	13	and	and	CCONJ
issue-1191	313	14	the	the	DET
issue-1191	313	15	negative	negative	ADJ
issue-1191	313	16	returns	return	NOUN
issue-1191	313	17	are	be	AUX
issue-1191	313	18	estimated	estimate	VERB
issue-1191	313	19	on	on	ADP
issue-1191	313	20	the	the	DET
issue-1191	313	21	level	level	NOUN
issue-1191	313	22	more	more	ADJ
issue-1191	313	23	than	than	ADP
issue-1191	313	24	-30	-30	NUM
issue-1191	313	25	%	%	NOUN
issue-1191	313	26	for	for	ADP
issue-1191	313	27	a	a	DET
issue-1191	313	28	month	month	NOUN
issue-1191	313	29	.	.	PUNCT
issue-1191	314	1	then	then	ADV
issue-1191	314	2	almost	almost	ADV
issue-1191	314	3	half	half	NOUN
issue-1191	314	4	of	of	ADP
issue-1191	314	5	the	the	DET
issue-1191	314	6	year	year	NOUN
issue-1191	314	7	accounted	account	VERB
issue-1191	314	8	for	for	ADP
issue-1191	314	9	increase	increase	NOUN
issue-1191	314	10	in	in	ADP
issue-1191	314	11	returns	return	NOUN
issue-1191	314	12	at	at	ADP
issue-1191	314	13	almost	almost	ADV
issue-1191	314	14	51	51	NUM
issue-1191	314	15	%	%	NOUN
issue-1191	314	16	level	level	NOUN
issue-1191	314	17	.	.	PUNCT
issue-1191	315	1	that	that	PRON
issue-1191	315	2	was	be	AUX
issue-1191	315	3	due	due	ADJ
issue-1191	315	4	to	to	ADP
issue-1191	315	5	specific	specific	ADJ
issue-1191	315	6	measures	measure	NOUN
issue-1191	315	7	baltic	baltic	ADJ
issue-1191	315	8	journal	journal	NOUN
issue-1191	315	9	of	of	ADP
issue-1191	315	10	economic	economic	ADJ
issue-1191	315	11	studies	study	NOUN
issue-1191	315	12	106	106	NUM
issue-1191	315	13	vol	vol	NOUN
issue-1191	315	14	.	.	PROPN
issue-1191	315	15	7	7	NUM
issue-1191	316	1	no	no	NOUN
issue-1191	316	2	.	.	NOUN
issue-1191	317	1	3	3	NUM
issue-1191	317	2	,	,	PUNCT
issue-1191	317	3	2021	2021	NUM
issue-1191	317	4	introduced	introduce	VERB
issue-1191	317	5	by	by	ADP
issue-1191	317	6	governments	government	NOUN
issue-1191	317	7	and	and	CCONJ
issue-1191	317	8	central	central	ADJ
issue-1191	317	9	banks	bank	NOUN
issue-1191	317	10	as	as	ADV
issue-1191	317	11	well	well	ADV
issue-1191	317	12	as	as	ADP
issue-1191	317	13	to	to	ADP
issue-1191	317	14	the	the	DET
issue-1191	317	15	ease	ease	NOUN
issue-1191	317	16	of	of	ADP
issue-1191	317	17	lockdowns	lockdown	NOUN
issue-1191	317	18	.	.	PUNCT
issue-1191	318	1	the	the	DET
issue-1191	318	2	second	second	ADJ
issue-1191	318	3	wave	wave	NOUN
issue-1191	318	4	of	of	ADP
issue-1191	318	5	covid	covid	PROPN
issue-1191	318	6	in	in	ADP
issue-1191	318	7	september	september	PROPN
issue-1191	318	8	and	and	CCONJ
issue-1191	318	9	october	october	PROPN
issue-1191	318	10	was	be	AUX
issue-1191	318	11	not	not	PART
issue-1191	318	12	so	so	ADV
issue-1191	318	13	destructive	destructive	ADJ
issue-1191	318	14	although	although	SCONJ
issue-1191	318	15	is	be	AUX
issue-1191	318	16	resulted	result	VERB
issue-1191	318	17	in	in	ADP
issue-1191	318	18	negative	negative	ADJ
issue-1191	318	19	returns	return	NOUN
issue-1191	318	20	at	at	ADP
issue-1191	318	21	approximate	approximate	ADJ
issue-1191	318	22	5	5	NUM
issue-1191	318	23	-	-	SYM
issue-1191	318	24	6	6	NUM
issue-1191	318	25	%	%	NOUN
issue-1191	318	26	level	level	NOUN
issue-1191	318	27	.	.	PUNCT
issue-1191	319	1	the	the	DET
issue-1191	319	2	year	year	NOUN
issue-1191	319	3	-	-	PUNCT
issue-1191	319	4	end	end	NOUN
issue-1191	319	5	resulted	result	VERB
issue-1191	319	6	in	in	ADP
issue-1191	319	7	relatively	relatively	ADV
issue-1191	319	8	high	high	ADJ
issue-1191	319	9	positive	positive	ADJ
issue-1191	319	10	returns	return	NOUN
issue-1191	319	11	explained	explain	VERB
issue-1191	319	12	by	by	ADP
issue-1191	319	13	vaccine	vaccine	NOUN
issue-1191	319	14	development	development	NOUN
issue-1191	319	15	and	and	CCONJ
issue-1191	319	16	presidential	presidential	ADJ
issue-1191	319	17	elections	election	NOUN
issue-1191	319	18	in	in	ADP
issue-1191	319	19	the	the	DET
issue-1191	319	20	usa	usa	PROPN
issue-1191	319	21	.	.	PUNCT
issue-1191	320	1	major	major	ADJ
issue-1191	320	2	installment	installment	NOUN
issue-1191	320	3	in	in	ADP
issue-1191	320	4	return	return	NOUN
issue-1191	320	5	of	of	ADP
issue-1191	320	6	the	the	DET
issue-1191	320	7	global	global	ADJ
issue-1191	320	8	market	market	NOUN
issue-1191	320	9	is	be	AUX
issue-1191	320	10	considered	consider	VERB
issue-1191	320	11	to	to	PART
issue-1191	320	12	account	account	VERB
issue-1191	320	13	for	for	ADP
issue-1191	320	14	the	the	DET
issue-1191	320	15	usa	usa	PROPN
issue-1191	320	16	equities	equities	PROPN
issue-1191	320	17	.	.	PUNCT
issue-1191	321	1	still	still	ADV
issue-1191	321	2	such	such	ADJ
issue-1191	321	3	important	important	ADJ
issue-1191	321	4	factors	factor	NOUN
issue-1191	321	5	of	of	ADP
issue-1191	321	6	2020	2020	NUM
issue-1191	321	7	as	as	SCONJ
issue-1191	321	8	brexit	brexit	NOUN
issue-1191	321	9	and	and	CCONJ
issue-1191	321	10	oil	oil	NOUN
issue-1191	321	11	crisis	crisis	NOUN
issue-1191	321	12	require	require	VERB
issue-1191	321	13	more	more	ADV
issue-1191	321	14	detailed	detailed	ADJ
issue-1191	321	15	study	study	NOUN
issue-1191	321	16	.	.	PUNCT
issue-1191	322	1	their	their	PRON
issue-1191	322	2	impact	impact	NOUN
issue-1191	322	3	on	on	ADP
issue-1191	322	4	equity	equity	NOUN
issue-1191	322	5	markets	market	NOUN
issue-1191	322	6	can	can	AUX
issue-1191	322	7	be	be	AUX
issue-1191	322	8	also	also	ADV
issue-1191	322	9	notable	notable	ADJ
issue-1191	322	10	,	,	PUNCT
issue-1191	322	11	though	though	SCONJ
issue-1191	322	12	most	most	ADJ
issue-1191	322	13	researchers	researcher	NOUN
issue-1191	322	14	agree	agree	VERB
issue-1191	322	15	that	that	SCONJ
issue-1191	322	16	the	the	DET
issue-1191	322	17	pandemic	pandemic	ADJ
issue-1191	322	18	crisis	crisis	NOUN
issue-1191	322	19	together	together	ADV
issue-1191	322	20	with	with	ADP
issue-1191	322	21	related	related	ADJ
issue-1191	322	22	expectations	expectation	NOUN
issue-1191	322	23	and	and	CCONJ
issue-1191	322	24	effects	effect	NOUN
issue-1191	322	25	appeared	appear	VERB
issue-1191	322	26	to	to	PART
issue-1191	322	27	be	be	AUX
issue-1191	322	28	much	much	ADV
issue-1191	322	29	more	more	ADV
issue-1191	322	30	substantial	substantial	ADJ
issue-1191	322	31	and	and	CCONJ
issue-1191	322	32	blocked	block	VERB
issue-1191	322	33	off	off	ADP
issue-1191	322	34	the	the	DET
issue-1191	322	35	influence	influence	NOUN
issue-1191	322	36	of	of	ADP
issue-1191	322	37	other	other	ADJ
issue-1191	322	38	factors	factor	NOUN
issue-1191	322	39	.	.	PUNCT
issue-1191	323	1	as	as	ADP
issue-1191	323	2	a	a	DET
issue-1191	323	3	result	result	NOUN
issue-1191	323	4	,	,	PUNCT
issue-1191	323	5	the	the	DET
issue-1191	323	6	precise	precise	ADJ
issue-1191	323	7	decomposition	decomposition	NOUN
issue-1191	323	8	of	of	ADP
issue-1191	323	9	all	all	DET
issue-1191	323	10	factors	factor	NOUN
issue-1191	323	11	effects	effect	NOUN
issue-1191	323	12	for	for	ADP
issue-1191	323	13	this	this	DET
issue-1191	323	14	case	case	NOUN
issue-1191	323	15	is	be	AUX
issue-1191	323	16	hardly	hardly	ADV
issue-1191	323	17	possible	possible	ADJ
issue-1191	323	18	.	.	PUNCT
issue-1191	324	1	5	5	X
issue-1191	324	2	.	.	X
issue-1191	324	3	conclusions	conclusion	NOUN
issue-1191	324	4	we	we	PRON
issue-1191	324	5	have	have	AUX
issue-1191	324	6	identified	identify	VERB
issue-1191	324	7	two	two	NUM
issue-1191	324	8	patterns	pattern	NOUN
issue-1191	324	9	of	of	ADP
issue-1191	324	10	risk	risk	NOUN
issue-1191	324	11	/	/	SYM
issue-1191	324	12	return	return	VERB
issue-1191	324	13	tradeoff	tradeoff	NOUN
issue-1191	324	14	that	that	PRON
issue-1191	324	15	differently	differently	ADV
issue-1191	324	16	impact	impact	VERB
issue-1191	324	17	international	international	ADJ
issue-1191	324	18	equity	equity	NOUN
issue-1191	324	19	portfolio	portfolio	NOUN
issue-1191	324	20	liabilities	liability	NOUN
issue-1191	324	21	during	during	ADP
issue-1191	324	22	crisis	crisis	NOUN
issue-1191	324	23	periods	period	NOUN
issue-1191	324	24	and	and	CCONJ
issue-1191	324	25	periods	period	NOUN
issue-1191	324	26	of	of	ADP
issue-1191	324	27	regular	regular	ADJ
issue-1191	324	28	market	market	NOUN
issue-1191	324	29	regimes	regime	NOUN
issue-1191	324	30	.	.	PUNCT
issue-1191	325	1	herein	herein	NOUN
issue-1191	325	2	we	we	PRON
issue-1191	325	3	define	define	VERB
issue-1191	325	4	crisis	crisis	NOUN
issue-1191	325	5	periods	period	NOUN
issue-1191	325	6	as	as	ADP
issue-1191	325	7	periods	period	NOUN
issue-1191	325	8	when	when	SCONJ
issue-1191	325	9	risk	risk	NOUN
issue-1191	325	10	is	be	AUX
issue-1191	325	11	above	above	ADP
issue-1191	325	12	the	the	DET
issue-1191	325	13	median	median	NOUN
issue-1191	325	14	unless	unless	SCONJ
issue-1191	325	15	it	it	PRON
issue-1191	325	16	is	be	AUX
issue-1191	325	17	not	not	PART
issue-1191	325	18	decreasing	decrease	VERB
issue-1191	325	19	compared	compare	VERB
issue-1191	325	20	to	to	ADP
issue-1191	325	21	the	the	DET
issue-1191	325	22	previous	previous	ADJ
issue-1191	325	23	year	year	NOUN
issue-1191	325	24	.	.	PUNCT
issue-1191	326	1	thus	thus	ADV
issue-1191	326	2	,	,	PUNCT
issue-1191	326	3	the	the	DET
issue-1191	326	4	more	more	ADV
issue-1191	326	5	precise	precise	ADJ
issue-1191	326	6	term	term	NOUN
issue-1191	326	7	that	that	PRON
issue-1191	326	8	should	should	AUX
issue-1191	326	9	be	be	AUX
issue-1191	326	10	used	use	VERB
issue-1191	326	11	is	be	AUX
issue-1191	326	12	periods	period	NOUN
issue-1191	326	13	of	of	ADP
issue-1191	326	14	increased	increase	VERB
issue-1191	326	15	volatility	volatility	NOUN
issue-1191	326	16	since	since	SCONJ
issue-1191	326	17	we	we	PRON
issue-1191	326	18	are	be	AUX
issue-1191	326	19	not	not	PART
issue-1191	326	20	inquiring	inquire	VERB
issue-1191	326	21	on	on	ADP
issue-1191	326	22	the	the	DET
issue-1191	326	23	crisis	crisis	NOUN
issue-1191	326	24	type	type	NOUN
issue-1191	326	25	,	,	PUNCT
issue-1191	326	26	its	its	PRON
issue-1191	326	27	depth	depth	NOUN
issue-1191	326	28	etc	etc	X
issue-1191	326	29	.	.	PUNCT
issue-1191	327	1	the	the	DET
issue-1191	327	2	pattern	pattern	NOUN
issue-1191	327	3	attributable	attributable	ADJ
issue-1191	327	4	to	to	ADP
issue-1191	327	5	regular	regular	ADJ
issue-1191	327	6	market	market	NOUN
issue-1191	327	7	regimes	regime	NOUN
issue-1191	327	8	or	or	CCONJ
issue-1191	327	9	regular	regular	ADJ
issue-1191	327	10	pattern	pattern	NOUN
issue-1191	327	11	is	be	AUX
issue-1191	327	12	characterized	characterize	VERB
issue-1191	327	13	by	by	ADP
issue-1191	327	14	positive	positive	ADJ
issue-1191	327	15	returns	return	NOUN
issue-1191	327	16	which	which	PRON
issue-1191	327	17	is	be	AUX
issue-1191	327	18	1.51	1.51	NUM
issue-1191	327	19	%	%	NOUN
issue-1191	327	20	in	in	ADP
issue-1191	327	21	average	average	NOUN
issue-1191	327	22	for	for	ADP
issue-1191	327	23	the	the	DET
issue-1191	327	24	global	global	ADJ
issue-1191	327	25	market	market	NOUN
issue-1191	327	26	,	,	PUNCT
issue-1191	327	27	1.48	1.48	NUM
issue-1191	327	28	%	%	NOUN
issue-1191	327	29	for	for	ADP
issue-1191	327	30	the	the	DET
issue-1191	327	31	developed	develop	VERB
issue-1191	327	32	markets	market	NOUN
issue-1191	327	33	and	and	CCONJ
issue-1191	327	34	2.03	2.03	NUM
issue-1191	327	35	%	%	NOUN
issue-1191	327	36	for	for	ADP
issue-1191	327	37	the	the	DET
issue-1191	327	38	emerging	emerge	VERB
issue-1191	327	39	markets	market	NOUN
issue-1191	327	40	.	.	PUNCT
issue-1191	328	1	frontier	frontier	NOUN
issue-1191	328	2	markets	market	NOUN
issue-1191	328	3	account	account	VERB
issue-1191	328	4	for	for	ADP
issue-1191	328	5	extremely	extremely	ADV
issue-1191	328	6	small	small	ADJ
issue-1191	328	7	share	share	NOUN
issue-1191	328	8	in	in	ADP
issue-1191	328	9	the	the	DET
issue-1191	328	10	global	global	ADJ
issue-1191	328	11	capitalization	capitalization	NOUN
issue-1191	328	12	thus	thus	ADV
issue-1191	328	13	being	be	AUX
issue-1191	328	14	not	not	PART
issue-1191	328	15	representative	representative	ADJ
issue-1191	328	16	when	when	SCONJ
issue-1191	328	17	we	we	PRON
issue-1191	328	18	talk	talk	VERB
issue-1191	328	19	about	about	ADP
issue-1191	328	20	any	any	DET
issue-1191	328	21	sustainable	sustainable	ADJ
issue-1191	328	22	pattern	pattern	NOUN
issue-1191	328	23	.	.	PUNCT
issue-1191	329	1	therefore	therefore	ADV
issue-1191	329	2	,	,	PUNCT
issue-1191	329	3	they	they	PRON
issue-1191	329	4	are	be	AUX
issue-1191	329	5	excluded	exclude	VERB
issue-1191	329	6	from	from	ADP
issue-1191	329	7	both	both	DET
issue-1191	329	8	patterns	pattern	NOUN
issue-1191	329	9	features	feature	NOUN
issue-1191	329	10	.	.	PUNCT
issue-1191	330	1	risks	risk	NOUN
issue-1191	330	2	in	in	ADP
issue-1191	330	3	regular	regular	ADJ
issue-1191	330	4	pattern	pattern	NOUN
issue-1191	330	5	are	be	AUX
issue-1191	330	6	relatively	relatively	ADV
issue-1191	330	7	small	small	ADJ
issue-1191	330	8	or	or	CCONJ
issue-1191	330	9	moderate	moderate	ADJ
issue-1191	330	10	at	at	ADP
issue-1191	330	11	the	the	DET
issue-1191	330	12	average	average	ADJ
issue-1191	330	13	level	level	NOUN
issue-1191	330	14	of	of	ADP
issue-1191	330	15	3.05	3.05	NUM
issue-1191	330	16	for	for	ADP
issue-1191	330	17	the	the	DET
issue-1191	330	18	global	global	ADJ
issue-1191	330	19	market	market	NOUN
issue-1191	330	20	and	and	CCONJ
issue-1191	330	21	are	be	AUX
issue-1191	330	22	all	all	ADV
issue-1191	330	23	below	below	ADP
issue-1191	330	24	the	the	DET
issue-1191	330	25	median	median	NOUN
issue-1191	330	26	(	(	PUNCT
issue-1191	330	27	3.48	3.48	NUM
issue-1191	330	28	)	)	PUNCT
issue-1191	330	29	.	.	PUNCT
issue-1191	331	1	respective	respective	ADJ
issue-1191	331	2	risks	risk	NOUN
issue-1191	331	3	for	for	ADP
issue-1191	331	4	developed	developed	ADJ
issue-1191	331	5	and	and	CCONJ
issue-1191	331	6	emerging	emerge	VERB
issue-1191	331	7	markets	market	NOUN
issue-1191	331	8	are	be	AUX
issue-1191	331	9	3.02	3.02	NUM
issue-1191	331	10	and	and	CCONJ
issue-1191	331	11	4.54	4.54	NUM
issue-1191	331	12	.	.	PUNCT
issue-1191	332	1	sharpe	sharpe	PROPN
issue-1191	332	2	ratios	ratio	NOUN
issue-1191	332	3	in	in	ADP
issue-1191	332	4	regular	regular	ADJ
issue-1191	332	5	pattern	pattern	NOUN
issue-1191	332	6	are	be	AUX
issue-1191	332	7	positive	positive	ADJ
issue-1191	332	8	at	at	ADP
issue-1191	332	9	the	the	DET
issue-1191	332	10	average	average	ADJ
issue-1191	332	11	level	level	NOUN
issue-1191	332	12	of	of	ADP
issue-1191	332	13	0.60	0.60	NUM
issue-1191	332	14	for	for	ADP
issue-1191	332	15	the	the	DET
issue-1191	332	16	global	global	ADJ
issue-1191	332	17	market	market	NOUN
issue-1191	332	18	,	,	PUNCT
issue-1191	332	19	0.57	0.57	NUM
issue-1191	332	20	and	and	CCONJ
issue-1191	332	21	0.45	0.45	NUM
issue-1191	332	22	for	for	ADP
issue-1191	332	23	developed	developed	ADJ
issue-1191	332	24	and	and	CCONJ
issue-1191	332	25	emerging	emerge	VERB
issue-1191	332	26	market	market	NOUN
issue-1191	332	27	groups	group	NOUN
issue-1191	332	28	.	.	PUNCT
issue-1191	333	1	the	the	DET
issue-1191	333	2	crisis	crisis	NOUN
issue-1191	333	3	pattern	pattern	NOUN
issue-1191	333	4	implies	imply	VERB
issue-1191	333	5	negative	negative	ADJ
issue-1191	333	6	returns	return	NOUN
issue-1191	333	7	at	at	ADP
issue-1191	333	8	the	the	DET
issue-1191	333	9	mean	mean	NOUN
issue-1191	333	10	of	of	ADP
issue-1191	333	11	-1.04	-1.04	NOUN
issue-1191	333	12	for	for	ADP
issue-1191	333	13	the	the	DET
issue-1191	333	14	global	global	ADJ
issue-1191	333	15	market	market	NOUN
issue-1191	333	16	,	,	PUNCT
issue-1191	333	17	-0.97	-0.97	NOUN
issue-1191	333	18	for	for	ADP
issue-1191	333	19	the	the	DET
issue-1191	333	20	developed	develop	VERB
issue-1191	333	21	group	group	NOUN
issue-1191	333	22	and	and	CCONJ
issue-1191	333	23	-1.35	-1.35	NOUN
issue-1191	333	24	for	for	ADP
issue-1191	333	25	the	the	DET
issue-1191	333	26	emerging	emerge	VERB
issue-1191	333	27	markets	market	NOUN
issue-1191	333	28	.	.	PUNCT
issue-1191	334	1	high	high	ADJ
issue-1191	334	2	risks	risk	NOUN
issue-1191	334	3	are	be	AUX
issue-1191	334	4	all	all	ADV
issue-1191	334	5	above	above	ADP
issue-1191	334	6	the	the	DET
issue-1191	334	7	median	median	NOUN
issue-1191	334	8	and	and	CCONJ
issue-1191	334	9	in	in	ADP
issue-1191	334	10	average	average	ADJ
issue-1191	334	11	compile	compile	NOUN
issue-1191	334	12	5.5	5.5	NUM
issue-1191	334	13	for	for	ADP
issue-1191	334	14	the	the	DET
issue-1191	334	15	global	global	ADJ
issue-1191	334	16	market	market	NOUN
issue-1191	334	17	,	,	PUNCT
issue-1191	334	18	5.47	5.47	NUM
issue-1191	334	19	for	for	ADP
issue-1191	334	20	the	the	DET
issue-1191	334	21	developed	develop	VERB
issue-1191	334	22	markets	market	NOUN
issue-1191	334	23	and	and	CCONJ
issue-1191	334	24	6.68	6.68	NUM
issue-1191	334	25	for	for	ADP
issue-1191	334	26	the	the	DET
issue-1191	334	27	emerging	emerge	VERB
issue-1191	334	28	group	group	NOUN
issue-1191	334	29	.	.	PUNCT
issue-1191	335	1	the	the	DET
issue-1191	335	2	sharpe	sharpe	PROPN
issue-1191	335	3	ratios	ratio	NOUN
issue-1191	335	4	for	for	ADP
issue-1191	335	5	this	this	DET
issue-1191	335	6	pattern	pattern	NOUN
issue-1191	335	7	are	be	AUX
issue-1191	335	8	negative	negative	ADJ
issue-1191	335	9	being	be	AUX
issue-1191	335	10	equal	equal	ADJ
issue-1191	335	11	to	to	ADP
issue-1191	335	12	-0.19	-0.19	NOUN
issue-1191	335	13	in	in	ADP
issue-1191	335	14	the	the	DET
issue-1191	335	15	mean	mean	NOUN
issue-1191	335	16	.	.	PUNCT
issue-1191	336	1	for	for	ADP
issue-1191	336	2	developed	develop	VERB
issue-1191	336	3	markets	market	NOUN
issue-1191	336	4	the	the	DET
issue-1191	336	5	average	average	ADJ
issue-1191	336	6	value	value	NOUN
issue-1191	336	7	is	be	AUX
issue-1191	336	8	-0.18	-0.18	NUM
issue-1191	336	9	and	and	CCONJ
issue-1191	336	10	for	for	ADP
issue-1191	336	11	emerging	emerge	VERB
issue-1191	336	12	markets	market	NOUN
issue-1191	336	13	it	it	PRON
issue-1191	336	14	is	be	AUX
issue-1191	336	15	-0.24	-0.24	ADJ
issue-1191	336	16	.	.	PUNCT
issue-1191	337	1	what	what	PRON
issue-1191	337	2	concerns	concern	VERB
issue-1191	337	3	international	international	ADJ
issue-1191	337	4	equity	equity	NOUN
issue-1191	337	5	portfolio	portfolio	NOUN
issue-1191	337	6	liabilities	liability	NOUN
issue-1191	337	7	they	they	PRON
issue-1191	337	8	mostly	mostly	ADV
issue-1191	337	9	decline	decline	VERB
issue-1191	337	10	during	during	ADP
issue-1191	337	11	periods	period	NOUN
issue-1191	337	12	of	of	ADP
issue-1191	337	13	increased	increase	VERB
issue-1191	337	14	volatility	volatility	NOUN
issue-1191	337	15	in	in	ADP
issue-1191	337	16	terms	term	NOUN
issue-1191	337	17	of	of	ADP
issue-1191	337	18	their	their	PRON
issue-1191	337	19	absolute	absolute	ADJ
issue-1191	337	20	value	value	NOUN
issue-1191	337	21	:	:	PUNCT
issue-1191	337	22	this	this	DET
issue-1191	337	23	behavior	behavior	NOUN
issue-1191	337	24	is	be	AUX
issue-1191	337	25	typical	typical	ADJ
issue-1191	337	26	for	for	ADP
issue-1191	337	27	the	the	DET
issue-1191	337	28	global	global	ADJ
issue-1191	337	29	market	market	NOUN
issue-1191	337	30	as	as	ADV
issue-1191	337	31	well	well	ADV
issue-1191	337	32	as	as	ADP
issue-1191	337	33	for	for	ADP
issue-1191	337	34	developed	developed	ADJ
issue-1191	337	35	and	and	CCONJ
issue-1191	337	36	frontier	frontier	NOUN
issue-1191	337	37	markets	market	NOUN
issue-1191	337	38	.	.	PUNCT
issue-1191	338	1	specific	specific	ADJ
issue-1191	338	2	case	case	NOUN
issue-1191	338	3	stands	stand	VERB
issue-1191	338	4	for	for	ADP
issue-1191	338	5	other	other	ADJ
issue-1191	338	6	markets	market	NOUN
issue-1191	338	7	that	that	PRON
issue-1191	338	8	could	could	AUX
issue-1191	338	9	not	not	PART
issue-1191	338	10	be	be	AUX
issue-1191	338	11	analyzed	analyze	VERB
issue-1191	338	12	in	in	ADP
issue-1191	338	13	the	the	DET
issue-1191	338	14	full	full	ADJ
issue-1191	338	15	manner	manner	NOUN
issue-1191	338	16	since	since	SCONJ
issue-1191	338	17	the	the	DET
issue-1191	338	18	market	market	NOUN
issue-1191	338	19	data	data	NOUN
issue-1191	338	20	is	be	AUX
issue-1191	338	21	not	not	PART
issue-1191	338	22	available	available	ADJ
issue-1191	338	23	.	.	PUNCT
issue-1191	339	1	however	however	ADV
issue-1191	339	2	,	,	PUNCT
issue-1191	339	3	in	in	ADP
issue-1191	339	4	terms	term	NOUN
issue-1191	339	5	of	of	ADP
issue-1191	339	6	their	their	PRON
issue-1191	339	7	liabilities	liability	NOUN
issue-1191	339	8	we	we	PRON
issue-1191	339	9	have	have	AUX
issue-1191	339	10	defined	define	VERB
issue-1191	339	11	an	an	DET
issue-1191	339	12	important	important	ADJ
issue-1191	339	13	point	point	NOUN
issue-1191	339	14	.	.	PUNCT
issue-1191	340	1	the	the	DET
issue-1191	340	2	share	share	NOUN
issue-1191	340	3	of	of	ADP
issue-1191	340	4	this	this	DET
issue-1191	340	5	market	market	NOUN
issue-1191	340	6	group	group	NOUN
issue-1191	340	7	always	always	ADV
issue-1191	340	8	goes	go	VERB
issue-1191	340	9	up	up	ADP
issue-1191	340	10	during	during	ADP
issue-1191	340	11	periods	period	NOUN
issue-1191	340	12	of	of	ADP
issue-1191	340	13	increased	increase	VERB
issue-1191	340	14	volatility	volatility	NOUN
issue-1191	340	15	,	,	PUNCT
issue-1191	340	16	in	in	ADP
issue-1191	340	17	some	some	DET
issue-1191	340	18	years	year	NOUN
issue-1191	340	19	liabilities	liability	NOUN
issue-1191	340	20	increase	increase	VERB
issue-1191	340	21	even	even	ADV
issue-1191	340	22	in	in	ADP
issue-1191	340	23	their	their	PRON
issue-1191	340	24	absolute	absolute	ADJ
issue-1191	340	25	values	value	NOUN
issue-1191	340	26	.	.	PUNCT
issue-1191	341	1	the	the	DET
issue-1191	341	2	average	average	ADJ
issue-1191	341	3	share	share	NOUN
issue-1191	341	4	for	for	ADP
issue-1191	341	5	crisis	crisis	NOUN
issue-1191	341	6	pattern	pattern	NOUN
issue-1191	341	7	is	be	AUX
issue-1191	341	8	23.9	23.9	NUM
issue-1191	341	9	%	%	NOUN
issue-1191	341	10	while	while	SCONJ
issue-1191	341	11	for	for	ADP
issue-1191	341	12	regular	regular	ADJ
issue-1191	341	13	pattern	pattern	NOUN
issue-1191	341	14	it	it	PRON
issue-1191	341	15	is	be	AUX
issue-1191	341	16	only	only	ADV
issue-1191	341	17	21.2	21.2	NUM
issue-1191	341	18	%	%	NOUN
issue-1191	341	19	.	.	PUNCT
issue-1191	342	1	respective	respective	ADJ
issue-1191	342	2	shares	share	NOUN
issue-1191	342	3	of	of	ADP
issue-1191	342	4	developed	developed	ADJ
issue-1191	342	5	and	and	CCONJ
issue-1191	342	6	emerging	emerge	VERB
issue-1191	342	7	markets	market	NOUN
issue-1191	342	8	slightly	slightly	ADV
issue-1191	342	9	decrease	decrease	VERB
issue-1191	342	10	.	.	PUNCT
issue-1191	343	1	as	as	ADP
issue-1191	343	2	for	for	ADP
issue-1191	343	3	the	the	DET
issue-1191	343	4	developed	develop	VERB
issue-1191	343	5	markets	market	NOUN
issue-1191	343	6	our	our	PRON
issue-1191	343	7	study	study	NOUN
issue-1191	343	8	confirms	confirm	VERB
issue-1191	343	9	the	the	DET
issue-1191	343	10	idea	idea	NOUN
issue-1191	343	11	that	that	SCONJ
issue-1191	343	12	risks	risk	NOUN
issue-1191	343	13	and	and	CCONJ
issue-1191	343	14	returns	return	NOUN
issue-1191	343	15	are	be	AUX
issue-1191	343	16	lower	low	ADJ
issue-1191	343	17	compared	compare	VERB
issue-1191	343	18	to	to	ADP
issue-1191	343	19	emerging	emerge	VERB
issue-1191	343	20	market	market	NOUN
issue-1191	343	21	group	group	NOUN
issue-1191	343	22	when	when	SCONJ
issue-1191	343	23	they	they	PRON
issue-1191	343	24	are	be	AUX
issue-1191	343	25	positive	positive	ADJ
issue-1191	343	26	(	(	PUNCT
issue-1191	343	27	regular	regular	ADJ
issue-1191	343	28	pattern	pattern	NOUN
issue-1191	343	29	)	)	PUNCT
issue-1191	343	30	,	,	PUNCT
issue-1191	343	31	whilst	whilst	SCONJ
issue-1191	343	32	in	in	ADP
issue-1191	343	33	crisis	crisis	NOUN
issue-1191	343	34	pattern	pattern	NOUN
issue-1191	343	35	returns	return	NOUN
issue-1191	343	36	(	(	PUNCT
issue-1191	343	37	negative	negative	ADJ
issue-1191	343	38	values	value	NOUN
issue-1191	343	39	)	)	PUNCT
issue-1191	343	40	in	in	ADP
issue-1191	343	41	developed	develop	VERB
issue-1191	343	42	markets	market	NOUN
issue-1191	343	43	are	be	AUX
issue-1191	343	44	not	not	PART
issue-1191	343	45	so	so	ADV
issue-1191	343	46	low	low	ADJ
issue-1191	343	47	.	.	PUNCT
issue-1191	344	1	risks	risk	NOUN
issue-1191	344	2	for	for	ADP
issue-1191	344	3	developed	develop	VERB
issue-1191	344	4	markets	market	NOUN
issue-1191	344	5	are	be	AUX
issue-1191	344	6	always	always	ADV
issue-1191	344	7	lower	low	ADJ
issue-1191	344	8	.	.	PUNCT
issue-1191	345	1	generally	generally	ADV
issue-1191	345	2	,	,	PUNCT
issue-1191	345	3	most	most	ADJ
issue-1191	345	4	conclusions	conclusion	NOUN
issue-1191	345	5	about	about	ADP
issue-1191	345	6	developed	develop	VERB
issue-1191	345	7	markets	market	NOUN
issue-1191	345	8	are	be	AUX
issue-1191	345	9	similar	similar	ADJ
issue-1191	345	10	to	to	ADP
issue-1191	345	11	those	those	PRON
issue-1191	345	12	regarding	regard	VERB
issue-1191	345	13	the	the	DET
issue-1191	345	14	global	global	ADJ
issue-1191	345	15	market	market	NOUN
issue-1191	345	16	since	since	SCONJ
issue-1191	345	17	all	all	DET
issue-1191	345	18	studied	study	VERB
issue-1191	345	19	indices	index	NOUN
issue-1191	345	20	are	be	AUX
issue-1191	345	21	weighted	weight	VERB
issue-1191	345	22	and	and	CCONJ
issue-1191	345	23	developed	develop	VERB
issue-1191	345	24	markets	market	NOUN
issue-1191	345	25	account	account	VERB
issue-1191	345	26	for	for	ADP
issue-1191	345	27	most	most	ADJ
issue-1191	345	28	their	their	PRON
issue-1191	345	29	changes	change	NOUN
issue-1191	345	30	resulting	result	VERB
issue-1191	345	31	from	from	ADP
issue-1191	345	32	their	their	PRON
issue-1191	345	33	huge	huge	ADJ
issue-1191	345	34	capitalization	capitalization	NOUN
issue-1191	345	35	,	,	PUNCT
issue-1191	345	36	being	be	AUX
issue-1191	345	37	thus	thus	ADV
issue-1191	345	38	very	very	ADV
issue-1191	345	39	representative	representative	ADJ
issue-1191	345	40	for	for	ADP
issue-1191	345	41	the	the	DET
issue-1191	345	42	global	global	ADJ
issue-1191	345	43	market	market	NOUN
issue-1191	345	44	.	.	PUNCT
issue-1191	346	1	considering	consider	VERB
issue-1191	346	2	the	the	DET
issue-1191	346	3	sharpe	sharpe	PROPN
issue-1191	346	4	ratio	ratio	PROPN
issue-1191	346	5	developed	develop	VERB
issue-1191	346	6	markets	market	NOUN
issue-1191	346	7	demonstrate	demonstrate	VERB
issue-1191	346	8	higher	high	ADJ
issue-1191	346	9	attractiveness	attractiveness	NOUN
issue-1191	346	10	for	for	ADP
issue-1191	346	11	international	international	ADJ
issue-1191	346	12	portfolio	portfolio	NOUN
issue-1191	346	13	investments	investment	NOUN
issue-1191	346	14	compared	compare	VERB
issue-1191	346	15	to	to	ADP
issue-1191	346	16	emerging	emerge	VERB
issue-1191	346	17	markets	market	NOUN
issue-1191	346	18	either	either	CCONJ
issue-1191	346	19	during	during	ADP
issue-1191	346	20	crises	crisis	NOUN
issue-1191	346	21	or	or	CCONJ
issue-1191	346	22	in	in	ADP
issue-1191	346	23	regular	regular	ADJ
issue-1191	346	24	periods	period	NOUN
issue-1191	346	25	.	.	PUNCT
issue-1191	347	1	emerging	emerge	VERB
issue-1191	347	2	markets	market	NOUN
issue-1191	347	3	perform	perform	VERB
issue-1191	347	4	better	well	ADV
issue-1191	347	5	in	in	ADP
issue-1191	347	6	regular	regular	ADJ
issue-1191	347	7	pattern	pattern	NOUN
issue-1191	347	8	and	and	CCONJ
issue-1191	347	9	worse	bad	ADJ
issue-1191	347	10	in	in	ADP
issue-1191	347	11	crisis	crisis	NOUN
issue-1191	347	12	pattern	pattern	NOUN
issue-1191	347	13	in	in	ADP
issue-1191	347	14	terms	term	NOUN
issue-1191	347	15	of	of	ADP
issue-1191	347	16	their	their	PRON
issue-1191	347	17	return	return	NOUN
issue-1191	347	18	.	.	PUNCT
issue-1191	348	1	all	all	ADV
issue-1191	348	2	in	in	ADP
issue-1191	348	3	all	all	PRON
issue-1191	348	4	,	,	PUNCT
issue-1191	348	5	they	they	PRON
issue-1191	348	6	suggest	suggest	VERB
issue-1191	348	7	higher	high	ADJ
issue-1191	348	8	level	level	NOUN
issue-1191	348	9	of	of	ADP
issue-1191	348	10	not	not	PART
issue-1191	348	11	only	only	ADV
issue-1191	348	12	return	return	NOUN
issue-1191	348	13	but	but	CCONJ
issue-1191	348	14	risk	risk	NOUN
issue-1191	348	15	being	be	AUX
issue-1191	348	16	more	more	ADV
issue-1191	348	17	attractive	attractive	ADJ
issue-1191	348	18	for	for	ADP
issue-1191	348	19	more	more	ADJ
issue-1191	348	20	risk	risk	NOUN
issue-1191	348	21	tolerant	tolerant	ADJ
issue-1191	348	22	investors	investor	NOUN
issue-1191	348	23	.	.	PUNCT
issue-1191	349	1	developed	develop	VERB
issue-1191	349	2	regression	regression	NOUN
issue-1191	349	3	model	model	NOUN
issue-1191	349	4	confirms	confirm	VERB
issue-1191	349	5	the	the	DET
issue-1191	349	6	direct	direct	ADJ
issue-1191	349	7	impact	impact	NOUN
issue-1191	349	8	of	of	ADP
issue-1191	349	9	return	return	NOUN
issue-1191	349	10	and	and	CCONJ
issue-1191	349	11	indirect	indirect	ADJ
issue-1191	349	12	impact	impact	NOUN
issue-1191	349	13	of	of	ADP
issue-1191	349	14	risk	risk	NOUN
issue-1191	349	15	on	on	ADP
issue-1191	349	16	global	global	ADJ
issue-1191	349	17	as	as	ADP
issue-1191	349	18	portfolio	portfolio	NOUN
issue-1191	349	19	liabilities	liability	NOUN
issue-1191	349	20	.	.	PUNCT
issue-1191	350	1	the	the	DET
issue-1191	350	2	influence	influence	NOUN
issue-1191	350	3	of	of	ADP
issue-1191	350	4	risk	risk	NOUN
issue-1191	350	5	for	for	ADP
issue-1191	350	6	regular	regular	ADJ
issue-1191	350	7	and	and	CCONJ
issue-1191	350	8	crisis	crisis	NOUN
issue-1191	350	9	patterns	pattern	NOUN
issue-1191	350	10	does	do	AUX
issue-1191	350	11	not	not	PART
issue-1191	350	12	differ	differ	VERB
issue-1191	350	13	substantially	substantially	ADV
issue-1191	350	14	while	while	SCONJ
issue-1191	350	15	the	the	DET
issue-1191	350	16	impact	impact	NOUN
issue-1191	350	17	of	of	ADP
issue-1191	350	18	return	return	NOUN
issue-1191	350	19	is	be	AUX
issue-1191	350	20	much	much	ADV
issue-1191	350	21	stronger	strong	ADJ
issue-1191	350	22	during	during	ADP
issue-1191	350	23	periods	period	NOUN
issue-1191	350	24	of	of	ADP
issue-1191	350	25	increased	increase	VERB
issue-1191	350	26	volatility	volatility	NOUN
issue-1191	350	27	(	(	PUNCT
issue-1191	350	28	respective	respective	ADJ
issue-1191	350	29	model	model	NOUN
issue-1191	350	30	parameters	parameter	NOUN
issue-1191	350	31	are	be	AUX
issue-1191	350	32	3793.76	3793.76	NUM
issue-1191	350	33	and	and	CCONJ
issue-1191	350	34	447.24	447.24	NUM
issue-1191	350	35	)	)	PUNCT
issue-1191	350	36	.	.	PUNCT
issue-1191	351	1	however	however	ADV
issue-1191	351	2	,	,	PUNCT
issue-1191	351	3	the	the	DET
issue-1191	351	4	discovered	discover	VERB
issue-1191	351	5	impact	impact	NOUN
issue-1191	351	6	is	be	AUX
issue-1191	351	7	much	much	ADV
issue-1191	351	8	more	more	ADV
issue-1191	351	9	reliable	reliable	ADJ
issue-1191	351	10	in	in	ADP
issue-1191	351	11	crisis	crisis	NOUN
issue-1191	351	12	pattern	pattern	NOUN
issue-1191	351	13	that	that	PRON
issue-1191	351	14	is	be	AUX
issue-1191	351	15	supported	support	VERB
issue-1191	351	16	by	by	ADP
issue-1191	351	17	much	much	ADV
issue-1191	351	18	higher	high	ADJ
issue-1191	351	19	determination	determination	NOUN
issue-1191	351	20	ratio	ratio	NOUN
issue-1191	351	21	.	.	PUNCT
issue-1191	352	1	developed	develop	VERB
issue-1191	352	2	markets	market	NOUN
issue-1191	352	3	experience	experience	VERB
issue-1191	352	4	similar	similar	ADJ
issue-1191	352	5	effects	effect	NOUN
issue-1191	352	6	.	.	PUNCT
issue-1191	353	1	emerging	emerge	VERB
issue-1191	353	2	markets	market	NOUN
issue-1191	353	3	also	also	ADV
issue-1191	353	4	account	account	VERB
issue-1191	353	5	for	for	ADP
issue-1191	353	6	much	much	ADV
issue-1191	353	7	more	more	ADV
issue-1191	353	8	reliable	reliable	ADJ
issue-1191	353	9	effect	effect	NOUN
issue-1191	353	10	of	of	ADP
issue-1191	353	11	risk	risk	NOUN
issue-1191	353	12	and	and	CCONJ
issue-1191	353	13	return	return	VERB
issue-1191	353	14	during	during	ADP
issue-1191	353	15	periods	period	NOUN
issue-1191	353	16	of	of	ADP
issue-1191	353	17	increased	increase	VERB
issue-1191	353	18	volatility	volatility	NOUN
issue-1191	353	19	.	.	PUNCT
issue-1191	354	1	in	in	ADP
issue-1191	354	2	regular	regular	ADJ
issue-1191	354	3	pattern	pattern	NOUN
issue-1191	354	4	the	the	DET
issue-1191	354	5	impact	impact	NOUN
issue-1191	354	6	of	of	ADP
issue-1191	354	7	return	return	NOUN
issue-1191	354	8	even	even	ADV
issue-1191	354	9	appears	appear	VERB
issue-1191	354	10	to	to	PART
issue-1191	354	11	be	be	AUX
issue-1191	354	12	reverse	reverse	ADJ
issue-1191	354	13	though	though	ADV
issue-1191	354	14	with	with	ADP
issue-1191	354	15	poor	poor	ADJ
issue-1191	354	16	reliability	reliability	NOUN
issue-1191	354	17	level	level	NOUN
issue-1191	354	18	.	.	PUNCT
issue-1191	355	1	however	however	ADV
issue-1191	355	2	,	,	PUNCT
issue-1191	355	3	we	we	PRON
issue-1191	355	4	should	should	AUX
issue-1191	355	5	note	note	VERB
issue-1191	355	6	that	that	SCONJ
issue-1191	355	7	statistically	statistically	ADV
issue-1191	355	8	the	the	DET
issue-1191	355	9	defined	define	VERB
issue-1191	355	10	impacts	impact	NOUN
issue-1191	355	11	can	can	AUX
issue-1191	355	12	be	be	AUX
issue-1191	355	13	generally	generally	ADV
issue-1191	355	14	evaluated	evaluate	VERB
issue-1191	355	15	as	as	ADP
issue-1191	355	16	not	not	PART
issue-1191	355	17	substantial	substantial	ADJ
issue-1191	355	18	though	though	SCONJ
issue-1191	355	19	the	the	DET
issue-1191	355	20	model	model	NOUN
issue-1191	355	21	main	main	ADJ
issue-1191	355	22	objective	objective	NOUN
issue-1191	355	23	was	be	AUX
issue-1191	355	24	to	to	PART
issue-1191	355	25	discover	discover	VERB
issue-1191	355	26	relative	relative	ADJ
issue-1191	355	27	quantitative	quantitative	ADJ
issue-1191	355	28	estimates	estimate	NOUN
issue-1191	355	29	.	.	PUNCT
issue-1191	356	1	specific	specific	ADJ
issue-1191	356	2	pattern	pattern	NOUN
issue-1191	356	3	of	of	ADP
issue-1191	356	4	2020	2020	NUM
issue-1191	356	5	crisis	crisis	NOUN
issue-1191	356	6	should	should	AUX
issue-1191	356	7	be	be	AUX
issue-1191	356	8	settled	settle	VERB
issue-1191	356	9	out	out	ADP
issue-1191	356	10	.	.	PUNCT
issue-1191	357	1	its	its	PRON
issue-1191	357	2	main	main	ADJ
issue-1191	357	3	feature	feature	NOUN
issue-1191	357	4	that	that	PRON
issue-1191	357	5	substantially	substantially	ADV
issue-1191	357	6	distinguishes	distinguish	VERB
issue-1191	357	7	it	it	PRON
issue-1191	357	8	from	from	ADP
issue-1191	357	9	other	other	ADJ
issue-1191	357	10	crises	crisis	NOUN
issue-1191	357	11	is	be	AUX
issue-1191	357	12	the	the	DET
issue-1191	357	13	combination	combination	NOUN
issue-1191	357	14	of	of	ADP
issue-1191	357	15	the	the	DET
issue-1191	357	16	highest	high	ADJ
issue-1191	357	17	risk	risk	NOUN
issue-1191	357	18	level	level	NOUN
issue-1191	357	19	and	and	CCONJ
issue-1191	357	20	positive	positive	ADJ
issue-1191	357	21	returns	return	NOUN
issue-1191	357	22	at	at	ADP
issue-1191	357	23	the	the	DET
issue-1191	357	24	same	same	ADJ
issue-1191	357	25	time	time	NOUN
issue-1191	357	26	.	.	PUNCT
issue-1191	358	1	the	the	DET
issue-1191	358	2	possible	possible	ADJ
issue-1191	358	3	expected	expect	VERB
issue-1191	358	4	outcome	outcome	NOUN
issue-1191	358	5	of	of	ADP
issue-1191	358	6	2020	2020	NUM
issue-1191	358	7	could	could	AUX
issue-1191	358	8	be	be	AUX
issue-1191	358	9	the	the	DET
issue-1191	358	10	decrease	decrease	NOUN
issue-1191	358	11	of	of	ADP
issue-1191	358	12	returns	return	NOUN
issue-1191	358	13	in	in	ADP
issue-1191	358	14	equity	equity	NOUN
issue-1191	358	15	markets	market	NOUN
issue-1191	358	16	.	.	PUNCT
issue-1191	359	1	the	the	DET
issue-1191	359	2	covid	covid	PROPN
issue-1191	359	3	factor	factor	NOUN
issue-1191	359	4	actually	actually	ADV
issue-1191	359	5	overlapped	overlap	VERB
issue-1191	359	6	all	all	DET
issue-1191	359	7	other	other	ADJ
issue-1191	359	8	factors	factor	NOUN
issue-1191	359	9	affecting	affect	VERB
issue-1191	359	10	risks	risk	NOUN
issue-1191	359	11	and	and	CCONJ
issue-1191	359	12	returns	return	NOUN
issue-1191	359	13	.	.	PUNCT
issue-1191	360	1	major	major	ADJ
issue-1191	360	2	positive	positive	ADJ
issue-1191	360	3	returns	return	NOUN
issue-1191	360	4	resulted	result	VERB
issue-1191	360	5	from	from	ADP
issue-1191	360	6	government	government	NOUN
issue-1191	360	7	and	and	CCONJ
issue-1191	360	8	central	central	ADJ
issue-1191	360	9	banks	bank	NOUN
issue-1191	360	10	measures	measure	NOUN
issue-1191	360	11	in	in	ADP
issue-1191	360	12	most	most	ADJ
issue-1191	360	13	countries	country	NOUN
issue-1191	360	14	and	and	CCONJ
issue-1191	360	15	occurred	occur	VERB
issue-1191	360	16	between	between	ADP
issue-1191	360	17	april	april	PROPN
issue-1191	360	18	and	and	CCONJ
issue-1191	360	19	september	september	PROPN
issue-1191	360	20	.	.	PUNCT
issue-1191	361	1	baltic	baltic	PROPN
issue-1191	361	2	journal	journal	PROPN
issue-1191	361	3	of	of	ADP
issue-1191	361	4	economic	economic	ADJ
issue-1191	361	5	studies	study	NOUN
issue-1191	361	6	107	107	NUM
issue-1191	361	7	vol	vol	NOUN
issue-1191	361	8	.	.	PROPN
issue-1191	362	1	7	7	NUM
issue-1191	362	2	no	no	NOUN
issue-1191	362	3	.	.	NOUN
issue-1191	363	1	3	3	NUM
issue-1191	363	2	,	,	PUNCT
issue-1191	363	3	2021	2021	NUM
issue-1191	363	4	references	reference	NOUN
issue-1191	363	5	:	:	PUNCT
issue-1191	363	6	androkopoulos	androkopoulo	NOUN
issue-1191	363	7	,	,	PUNCT
issue-1191	363	8	a.	a.	NOUN
issue-1191	363	9	,	,	PUNCT
issue-1191	363	10	angelidis	angelidi	NOUN
issue-1191	363	11	,	,	PUNCT
issue-1191	363	12	t.	t.	PROPN
issue-1191	363	13	,	,	PUNCT
issue-1191	363	14	&	&	CCONJ
issue-1191	363	15	skintzi	skintzi	PROPN
issue-1191	363	16	,	,	PUNCT
issue-1191	363	17	v.	v.	PROPN
issue-1191	363	18	(	(	PUNCT
issue-1191	363	19	2014	2014	NUM
issue-1191	363	20	)	)	PUNCT
issue-1191	363	21	.	.	PUNCT
issue-1191	364	1	illiquidity	illiquidity	NOUN
issue-1191	364	2	,	,	PUNCT
issue-1191	364	3	return	return	NOUN
issue-1191	364	4	and	and	CCONJ
issue-1191	364	5	risk	risk	NOUN
issue-1191	364	6	in	in	ADP
issue-1191	364	7	g7	g7	PROPN
issue-1191	364	8	stock	stock	NOUN
issue-1191	364	9	markets	market	NOUN
issue-1191	364	10	:	:	PUNCT
issue-1191	364	11	interdependencies	interdependency	NOUN
issue-1191	364	12	and	and	CCONJ
issue-1191	364	13	spillovers	spillover	NOUN
issue-1191	364	14	.	.	PUNCT
issue-1191	365	1	international	international	ADJ
issue-1191	365	2	review	review	NOUN
issue-1191	365	3	of	of	ADP
issue-1191	365	4	financial	financial	ADJ
issue-1191	365	5	analysis	analysis	NOUN
issue-1191	365	6	,	,	PUNCT
issue-1191	365	7	35	35	NUM
issue-1191	365	8	(	(	PUNCT
issue-1191	365	9	3	3	NUM
issue-1191	365	10	)	)	PUNCT
issue-1191	365	11	,	,	PUNCT
issue-1191	365	12	118–127	118–127	NUM
issue-1191	365	13	.	.	PUNCT
issue-1191	366	1	ang	ang	PROPN
issue-1191	366	2	,	,	PUNCT
issue-1191	366	3	a.	a.	PROPN
issue-1191	366	4	,	,	PUNCT
issue-1191	366	5	&	&	CCONJ
issue-1191	366	6	bekaert	bekaert	PROPN
issue-1191	366	7	,	,	PUNCT
issue-1191	366	8	g.	g.	PROPN
issue-1191	366	9	(	(	PUNCT
issue-1191	366	10	2002	2002	NUM
issue-1191	366	11	)	)	PUNCT
issue-1191	366	12	.	.	PUNCT
issue-1191	367	1	international	international	ADJ
issue-1191	367	2	asset	asset	NOUN
issue-1191	367	3	allocation	allocation	NOUN
issue-1191	367	4	with	with	ADP
issue-1191	367	5	regime	regime	NOUN
issue-1191	367	6	shifts	shift	NOUN
issue-1191	367	7	.	.	PUNCT
issue-1191	368	1	the	the	DET
issue-1191	368	2	review	review	NOUN
issue-1191	368	3	of	of	ADP
issue-1191	368	4	financial	financial	ADJ
issue-1191	368	5	studies	study	NOUN
issue-1191	368	6	,	,	PUNCT
issue-1191	368	7	15	15	NUM
issue-1191	368	8	(	(	PUNCT
issue-1191	368	9	4	4	NUM
issue-1191	368	10	)	)	PUNCT
issue-1191	368	11	,	,	PUNCT
issue-1191	368	12	1137–1187	1137–1187	NUM
issue-1191	368	13	.	.	PUNCT
issue-1191	369	1	arnott	arnott	PROPN
issue-1191	369	2	,	,	PUNCT
issue-1191	369	3	r.	r.	PROPN
issue-1191	369	4	d.	d.	PROPN
issue-1191	369	5	,	,	PUNCT
issue-1191	369	6	&	&	CCONJ
issue-1191	369	7	bernstein	bernstein	PROPN
issue-1191	369	8	,	,	PUNCT
issue-1191	369	9	r.	r.	PROPN
issue-1191	369	10	l.	l.	PROPN
issue-1191	369	11	(	(	PUNCT
issue-1191	369	12	2002	2002	NUM
issue-1191	369	13	)	)	PUNCT
issue-1191	369	14	.	.	PUNCT
issue-1191	370	1	what	what	PRON
issue-1191	370	2	risk	risk	NOUN
issue-1191	370	3	premium	premium	NOUN
issue-1191	370	4	is	be	AUX
issue-1191	370	5	normal	normal	ADJ
issue-1191	370	6	?	?	PUNCT
issue-1191	371	1	financial	financial	ADJ
issue-1191	371	2	analysts	analyst	NOUN
issue-1191	371	3	journal	journal	NOUN
issue-1191	371	4	,	,	PUNCT
issue-1191	371	5	58	58	NUM
issue-1191	371	6	(	(	PUNCT
issue-1191	371	7	2	2	NUM
issue-1191	371	8	)	)	PUNCT
issue-1191	371	9	,	,	PUNCT
issue-1191	371	10	64–85	64–85	NUM
issue-1191	371	11	.	.	PUNCT
issue-1191	372	1	aslanidis	aslanidis	PROPN
issue-1191	372	2	,	,	PUNCT
issue-1191	372	3	n.	n.	PROPN
issue-1191	372	4	,	,	PUNCT
issue-1191	372	5	christiansen	christiansen	PROPN
issue-1191	372	6	,	,	PUNCT
issue-1191	372	7	c.	c.	PROPN
issue-1191	372	8	,	,	PUNCT
issue-1191	372	9	&	&	CCONJ
issue-1191	372	10	savva	savva	PROPN
issue-1191	372	11	,	,	PUNCT
issue-1191	372	12	c.	c.	PROPN
issue-1191	372	13	(	(	PUNCT
issue-1191	372	14	2016	2016	NUM
issue-1191	372	15	)	)	PUNCT
issue-1191	372	16	.	.	PUNCT
issue-1191	373	1	risk	risk	NOUN
issue-1191	373	2	-	-	PUNCT
issue-1191	373	3	return	return	NOUN
issue-1191	373	4	trade	trade	NOUN
issue-1191	373	5	-	-	PUNCT
issue-1191	373	6	off	off	NOUN
issue-1191	373	7	for	for	ADP
issue-1191	373	8	european	european	ADJ
issue-1191	373	9	stock	stock	NOUN
issue-1191	373	10	markets	market	NOUN
issue-1191	373	11	.	.	PUNCT
issue-1191	374	1	international	international	ADJ
issue-1191	374	2	review	review	NOUN
issue-1191	374	3	of	of	ADP
issue-1191	374	4	financial	financial	ADJ
issue-1191	374	5	analysis	analysis	NOUN
issue-1191	374	6	,	,	PUNCT
issue-1191	374	7	46	46	NUM
issue-1191	374	8	(	(	PUNCT
issue-1191	374	9	3	3	NUM
issue-1191	374	10	)	)	PUNCT
issue-1191	374	11	,	,	PUNCT
issue-1191	374	12	84–103	84–103	NUM
issue-1191	374	13	.	.	PUNCT
issue-1191	375	1	bai	bai	PROPN
issue-1191	375	2	,	,	PUNCT
issue-1191	375	3	y.	y.	PROPN
issue-1191	375	4	,	,	PUNCT
issue-1191	375	5	&	&	CCONJ
issue-1191	375	6	green	green	PROPN
issue-1191	375	7	,	,	PUNCT
issue-1191	375	8	c.	c.	PROPN
issue-1191	375	9	(	(	PUNCT
issue-1191	375	10	2020	2020	NUM
issue-1191	375	11	)	)	PUNCT
issue-1191	375	12	.	.	PUNCT
issue-1191	376	1	country	country	NOUN
issue-1191	376	2	and	and	CCONJ
issue-1191	376	3	industry	industry	NOUN
issue-1191	376	4	factors	factor	NOUN
issue-1191	376	5	in	in	ADP
issue-1191	376	6	tests	test	NOUN
issue-1191	376	7	of	of	ADP
issue-1191	376	8	capital	capital	NOUN
issue-1191	376	9	asset	asset	NOUN
issue-1191	376	10	pricing	pricing	NOUN
issue-1191	376	11	models	model	NOUN
issue-1191	376	12	for	for	ADP
issue-1191	376	13	partially	partially	ADV
issue-1191	376	14	integrated	integrate	VERB
issue-1191	376	15	emerging	emerge	VERB
issue-1191	376	16	markets	market	NOUN
issue-1191	376	17	.	.	PUNCT
issue-1191	377	1	economic	economic	ADJ
issue-1191	377	2	modelling	modelling	NOUN
issue-1191	377	3	,	,	PUNCT
issue-1191	377	4	92	92	NUM
issue-1191	377	5	(	(	PUNCT
issue-1191	377	6	3	3	NUM
issue-1191	377	7	)	)	PUNCT
issue-1191	377	8	,	,	PUNCT
issue-1191	377	9	180–194	180–194	NUM
issue-1191	377	10	.	.	PUNCT
issue-1191	377	11	bekaert	bekaert	PROPN
issue-1191	377	12	,	,	PUNCT
issue-1191	377	13	g.	g.	PROPN
issue-1191	377	14	,	,	PUNCT
issue-1191	377	15	erb	erb	PROPN
issue-1191	377	16	,	,	PUNCT
issue-1191	377	17	c.	c.	PROPN
issue-1191	377	18	,	,	PUNCT
issue-1191	377	19	harvey	harvey	PROPN
issue-1191	377	20	,	,	PUNCT
issue-1191	377	21	c.	c.	PROPN
issue-1191	377	22	,	,	PUNCT
issue-1191	377	23	&	&	CCONJ
issue-1191	377	24	viskanta	viskanta	PROPN
issue-1191	377	25	,	,	PUNCT
issue-1191	377	26	t.	t.	PROPN
issue-1191	377	27	(	(	PUNCT
issue-1191	377	28	1998	1998	NUM
issue-1191	377	29	)	)	PUNCT
issue-1191	377	30	.	.	PUNCT
issue-1191	378	1	distributional	distributional	ADJ
issue-1191	378	2	characteristics	characteristic	NOUN
issue-1191	378	3	of	of	ADP
issue-1191	378	4	emerging	emerge	VERB
issue-1191	378	5	market	market	NOUN
issue-1191	378	6	returns	return	NOUN
issue-1191	378	7	and	and	CCONJ
issue-1191	378	8	asset	asset	NOUN
issue-1191	378	9	allocation	allocation	NOUN
issue-1191	378	10	.	.	PUNCT
issue-1191	379	1	the	the	DET
issue-1191	379	2	journal	journal	PROPN
issue-1191	379	3	of	of	ADP
issue-1191	379	4	portfolio	portfolio	NOUN
issue-1191	379	5	management	management	NOUN
issue-1191	379	6	,	,	PUNCT
issue-1191	379	7	24	24	NUM
issue-1191	379	8	(	(	PUNCT
issue-1191	379	9	3	3	NUM
issue-1191	379	10	)	)	PUNCT
issue-1191	379	11	,	,	PUNCT
issue-1191	379	12	102–116	102–116	NUM
issue-1191	379	13	.	.	PUNCT
issue-1191	380	1	best	good	ADJ
issue-1191	380	2	,	,	PUNCT
issue-1191	380	3	m.	m.	NOUN
issue-1191	380	4	j.	j.	PROPN
issue-1191	380	5	,	,	PUNCT
issue-1191	380	6	&	&	CCONJ
issue-1191	380	7	grauer	grauer	PROPN
issue-1191	380	8	,	,	PUNCT
issue-1191	380	9	r.	r.	PROPN
issue-1191	380	10	r.	r.	PROPN
issue-1191	380	11	(	(	PUNCT
issue-1191	380	12	1991	1991	NUM
issue-1191	380	13	)	)	PUNCT
issue-1191	380	14	.	.	PUNCT
issue-1191	381	1	on	on	ADP
issue-1191	381	2	the	the	DET
issue-1191	381	3	sensitivity	sensitivity	NOUN
issue-1191	381	4	of	of	ADP
issue-1191	381	5	mean	mean	ADJ
issue-1191	381	6	-	-	PUNCT
issue-1191	381	7	variance	variance	NOUN
issue-1191	381	8	-	-	PUNCT
issue-1191	381	9	efficient	efficient	ADJ
issue-1191	381	10	portfolios	portfolio	NOUN
issue-1191	381	11	to	to	PART
issue-1191	381	12	changes	change	NOUN
issue-1191	381	13	in	in	ADP
issue-1191	381	14	asset	asset	NOUN
issue-1191	381	15	means	mean	VERB
issue-1191	381	16	:	:	PUNCT
issue-1191	381	17	some	some	DET
issue-1191	381	18	analytical	analytical	ADJ
issue-1191	381	19	and	and	CCONJ
issue-1191	381	20	computational	computational	ADJ
issue-1191	381	21	results	result	NOUN
issue-1191	381	22	.	.	PUNCT
issue-1191	382	1	the	the	DET
issue-1191	382	2	review	review	NOUN
issue-1191	382	3	of	of	ADP
issue-1191	382	4	financial	financial	ADJ
issue-1191	382	5	studies	study	NOUN
issue-1191	382	6	,	,	PUNCT
issue-1191	382	7	4	4	NUM
issue-1191	382	8	(	(	PUNCT
issue-1191	382	9	2	2	NUM
issue-1191	382	10	)	)	PUNCT
issue-1191	382	11	,	,	PUNCT
issue-1191	382	12	315–342	315–342	NUM
issue-1191	382	13	.	.	PUNCT
issue-1191	382	14	black	black	PROPN
issue-1191	382	15	,	,	PUNCT
issue-1191	382	16	f.	f.	PROPN
issue-1191	382	17	s.	s.	PROPN
issue-1191	382	18	(	(	PUNCT
issue-1191	382	19	1972	1972	NUM
issue-1191	382	20	)	)	PUNCT
issue-1191	382	21	.	.	PUNCT
issue-1191	383	1	capital	capital	NOUN
issue-1191	383	2	market	market	NOUN
issue-1191	383	3	equilibrium	equilibrium	NOUN
issue-1191	383	4	with	with	ADP
issue-1191	383	5	restricted	restricted	ADJ
issue-1191	383	6	borrowing	borrowing	NOUN
issue-1191	383	7	.	.	PUNCT
issue-1191	384	1	the	the	DET
issue-1191	384	2	journal	journal	NOUN
issue-1191	384	3	of	of	ADP
issue-1191	384	4	business	business	NOUN
issue-1191	384	5	,	,	PUNCT
issue-1191	384	6	45	45	NUM
issue-1191	384	7	(	(	PUNCT
issue-1191	384	8	3	3	NUM
issue-1191	384	9	)	)	PUNCT
issue-1191	384	10	,	,	PUNCT
issue-1191	384	11	444–455	444–455	NUM
issue-1191	384	12	.	.	PUNCT
issue-1191	385	1	black	black	PROPN
issue-1191	385	2	,	,	PUNCT
issue-1191	385	3	f.	f.	PROPN
issue-1191	385	4	,	,	PUNCT
issue-1191	385	5	&	&	CCONJ
issue-1191	385	6	litterman	litterman	PROPN
issue-1191	385	7	,	,	PUNCT
issue-1191	385	8	r.	r.	PROPN
issue-1191	385	9	(	(	PUNCT
issue-1191	385	10	1992	1992	NUM
issue-1191	385	11	)	)	PUNCT
issue-1191	385	12	.	.	PUNCT
issue-1191	386	1	global	global	ADJ
issue-1191	386	2	portfolio	portfolio	NOUN
issue-1191	386	3	optimization	optimization	NOUN
issue-1191	386	4	.	.	PUNCT
issue-1191	387	1	financial	financial	ADJ
issue-1191	387	2	analysts	analyst	NOUN
issue-1191	387	3	journal	journal	NOUN
issue-1191	387	4	,	,	PUNCT
issue-1191	387	5	48	48	NUM
issue-1191	387	6	(	(	PUNCT
issue-1191	387	7	5	5	NUM
issue-1191	387	8	)	)	PUNCT
issue-1191	387	9	,	,	PUNCT
issue-1191	387	10	28–43	28–43	NUM
issue-1191	387	11	.	.	PUNCT
issue-1191	388	1	butler	butler	PROPN
issue-1191	388	2	,	,	PUNCT
issue-1191	388	3	k.	k.	PROPN
issue-1191	388	4	,	,	PUNCT
issue-1191	388	5	&	&	CCONJ
issue-1191	388	6	joaquin	joaquin	PROPN
issue-1191	388	7	,	,	PUNCT
issue-1191	388	8	d.	d.	PROPN
issue-1191	388	9	(	(	PUNCT
issue-1191	388	10	2002	2002	NUM
issue-1191	388	11	)	)	PUNCT
issue-1191	388	12	.	.	PUNCT
issue-1191	389	1	are	be	AUX
issue-1191	389	2	the	the	DET
issue-1191	389	3	gains	gain	NOUN
issue-1191	389	4	from	from	ADP
issue-1191	389	5	international	international	ADJ
issue-1191	389	6	portfolio	portfolio	NOUN
issue-1191	389	7	diversification	diversification	NOUN
issue-1191	389	8	exaggerated	exaggerate	VERB
issue-1191	389	9	?	?	PUNCT
issue-1191	390	1	the	the	DET
issue-1191	390	2	influence	influence	NOUN
issue-1191	390	3	of	of	ADP
issue-1191	390	4	downside	downside	ADJ
issue-1191	390	5	risk	risk	NOUN
issue-1191	390	6	in	in	ADP
issue-1191	390	7	bear	bear	NOUN
issue-1191	390	8	markets	market	NOUN
issue-1191	390	9	.	.	PUNCT
issue-1191	391	1	journal	journal	NOUN
issue-1191	391	2	of	of	ADP
issue-1191	391	3	international	international	ADJ
issue-1191	391	4	money	money	NOUN
issue-1191	391	5	&	&	CCONJ
issue-1191	391	6	finance	finance	PROPN
issue-1191	391	7	,	,	PUNCT
issue-1191	391	8	21	21	NUM
issue-1191	391	9	(	(	PUNCT
issue-1191	391	10	7	7	NUM
issue-1191	391	11	)	)	PUNCT
issue-1191	391	12	,	,	PUNCT
issue-1191	391	13	981–1011	981–1011	NUM
issue-1191	391	14	.	.	PUNCT
issue-1191	392	1	cavaglia	cavaglia	PROPN
issue-1191	392	2	,	,	PUNCT
issue-1191	392	3	s	s	PROPN
issue-1191	392	4	,	,	PUNCT
issue-1191	392	5	brightman	brightman	NOUN
issue-1191	392	6	,	,	PUNCT
issue-1191	392	7	c.	c.	PROPN
issue-1191	392	8	,	,	PUNCT
issue-1191	392	9	&	&	CCONJ
issue-1191	392	10	aked	ake	VERB
issue-1191	392	11	,	,	PUNCT
issue-1191	392	12	m.	m.	NOUN
issue-1191	392	13	(	(	PUNCT
issue-1191	392	14	2000	2000	NUM
issue-1191	392	15	)	)	PUNCT
issue-1191	392	16	.	.	PUNCT
issue-1191	393	1	the	the	DET
issue-1191	393	2	increasing	increase	VERB
issue-1191	393	3	importance	importance	NOUN
issue-1191	393	4	of	of	ADP
issue-1191	393	5	industry	industry	NOUN
issue-1191	393	6	factors	factor	NOUN
issue-1191	393	7	.	.	PUNCT
issue-1191	394	1	financial	financial	ADJ
issue-1191	394	2	analysts	analyst	NOUN
issue-1191	394	3	journal	journal	NOUN
issue-1191	394	4	,	,	PUNCT
issue-1191	394	5	56	56	NUM
issue-1191	394	6	(	(	PUNCT
issue-1191	394	7	5	5	NUM
issue-1191	394	8	)	)	PUNCT
issue-1191	394	9	,	,	PUNCT
issue-1191	394	10	41–54	41–54	NUM
issue-1191	394	11	.	.	PUNCT
issue-1191	395	1	cheng	cheng	PROPN
issue-1191	395	2	,	,	PUNCT
issue-1191	395	3	a.	a.	PROPN
issue-1191	395	4	,	,	PUNCT
issue-1191	395	5	&	&	CCONJ
issue-1191	395	6	jahan	jahan	PROPN
issue-1191	395	7	-	-	PUNCT
issue-1191	395	8	parvar	parvar	PROPN
issue-1191	395	9	,	,	PUNCT
issue-1191	395	10	m.	m.	NOUN
issue-1191	395	11	(	(	PUNCT
issue-1191	395	12	2014	2014	NUM
issue-1191	395	13	)	)	PUNCT
issue-1191	395	14	.	.	PUNCT
issue-1191	396	1	risk	risk	NOUN
issue-1191	396	2	-	-	PUNCT
issue-1191	396	3	return	return	NOUN
issue-1191	396	4	trade	trade	NOUN
issue-1191	396	5	-	-	PUNCT
issue-1191	396	6	off	off	NOUN
issue-1191	396	7	in	in	ADP
issue-1191	396	8	the	the	DET
issue-1191	396	9	pacific	pacific	PROPN
issue-1191	396	10	basin	basin	PROPN
issue-1191	396	11	equity	equity	NOUN
issue-1191	396	12	markets	market	NOUN
issue-1191	396	13	.	.	PUNCT
issue-1191	397	1	emerging	emerge	VERB
issue-1191	397	2	markets	market	NOUN
issue-1191	397	3	review	review	NOUN
issue-1191	397	4	,	,	PUNCT
issue-1191	397	5	18	18	NUM
issue-1191	397	6	(	(	PUNCT
issue-1191	397	7	3	3	NUM
issue-1191	397	8	)	)	PUNCT
issue-1191	397	9	,	,	PUNCT
issue-1191	397	10	123–140	123–140	NUM
issue-1191	397	11	.	.	PUNCT
issue-1191	397	12	donadelli	donadelli	PROPN
issue-1191	397	13	,	,	PUNCT
issue-1191	397	14	m.	m.	NOUN
issue-1191	397	15	,	,	PUNCT
issue-1191	397	16	&	&	CCONJ
issue-1191	397	17	paradiso	paradiso	PROPN
issue-1191	397	18	,	,	PUNCT
issue-1191	397	19	a.	a.	NOUN
issue-1191	397	20	(	(	PUNCT
issue-1191	397	21	2014	2014	NUM
issue-1191	397	22	)	)	PUNCT
issue-1191	397	23	.	.	PUNCT
issue-1191	397	24	is	be	AUX
issue-1191	397	25	there	there	PRON
issue-1191	397	26	heterogeneity	heterogeneity	NOUN
issue-1191	397	27	in	in	ADP
issue-1191	397	28	financial	financial	ADJ
issue-1191	397	29	integration	integration	NOUN
issue-1191	397	30	dynamics	dynamic	NOUN
issue-1191	397	31	?	?	PUNCT
issue-1191	398	1	evidence	evidence	NOUN
issue-1191	398	2	from	from	ADP
issue-1191	398	3	country	country	NOUN
issue-1191	398	4	and	and	CCONJ
issue-1191	398	5	industry	industry	NOUN
issue-1191	398	6	emerging	emerge	VERB
issue-1191	398	7	market	market	NOUN
issue-1191	398	8	equity	equity	NOUN
issue-1191	398	9	indexes	index	NOUN
issue-1191	398	10	.	.	PUNCT
issue-1191	399	1	journal	journal	PROPN
issue-1191	399	2	of	of	ADP
issue-1191	399	3	international	international	ADJ
issue-1191	399	4	financial	financial	ADJ
issue-1191	399	5	markets	market	NOUN
issue-1191	399	6	,	,	PUNCT
issue-1191	399	7	institutions	institution	NOUN
issue-1191	399	8	and	and	CCONJ
issue-1191	399	9	money	money	NOUN
issue-1191	399	10	,	,	PUNCT
issue-1191	399	11	32	32	NUM
issue-1191	399	12	(	(	PUNCT
issue-1191	399	13	3	3	NUM
issue-1191	399	14	)	)	PUNCT
issue-1191	399	15	,	,	PUNCT
issue-1191	399	16	184–218	184–218	NUM
issue-1191	399	17	.	.	PUNCT
issue-1191	400	1	dziuba	dziuba	PROPN
issue-1191	400	2	,	,	PUNCT
issue-1191	400	3	p.	p.	NOUN
issue-1191	400	4	(	(	PUNCT
issue-1191	400	5	2017	2017	NUM
issue-1191	400	6	)	)	PUNCT
issue-1191	400	7	.	.	PUNCT
issue-1191	401	1	asymmetry	asymmetry	NOUN
issue-1191	401	2	in	in	ADP
issue-1191	401	3	risk	risk	NOUN
issue-1191	401	4	and	and	CCONJ
issue-1191	401	5	return	return	VERB
issue-1191	401	6	fluctuations	fluctuation	NOUN
issue-1191	401	7	as	as	ADP
issue-1191	401	8	a	a	DET
issue-1191	401	9	factor	factor	NOUN
issue-1191	401	10	driving	drive	VERB
issue-1191	401	11	international	international	ADJ
issue-1191	401	12	portfolio	portfolio	NOUN
issue-1191	401	13	investments	investment	NOUN
issue-1191	401	14	in	in	ADP
issue-1191	401	15	crisis	crisis	NOUN
issue-1191	401	16	periods	period	NOUN
issue-1191	401	17	.	.	PUNCT
issue-1191	402	1	european	european	ADJ
issue-1191	402	2	cooperation	cooperation	NOUN
issue-1191	402	3	:	:	PUNCT
issue-1191	402	4	scientific	scientific	ADJ
issue-1191	402	5	approaches	approach	NOUN
issue-1191	402	6	and	and	CCONJ
issue-1191	402	7	applied	applied	ADJ
issue-1191	402	8	technologies	technology	NOUN
issue-1191	402	9	,	,	PUNCT
issue-1191	402	10	1	1	NUM
issue-1191	402	11	(	(	PUNCT
issue-1191	402	12	2	2	NUM
issue-1191	402	13	)	)	PUNCT
issue-1191	402	14	,	,	PUNCT
issue-1191	402	15	23–34	23–34	NUM
issue-1191	402	16	.	.	PUNCT
issue-1191	403	1	grubel	grubel	NOUN
issue-1191	403	2	,	,	PUNCT
issue-1191	403	3	h.	h.	PROPN
issue-1191	403	4	g.	g.	PROPN
issue-1191	403	5	(	(	PUNCT
issue-1191	403	6	1968	1968	NUM
issue-1191	403	7	)	)	PUNCT
issue-1191	403	8	.	.	PUNCT
issue-1191	404	1	internationally	internationally	ADV
issue-1191	404	2	diversified	diversify	VERB
issue-1191	404	3	portfolios	portfolio	NOUN
issue-1191	404	4	:	:	PUNCT
issue-1191	404	5	welfare	welfare	NOUN
issue-1191	404	6	gains	gain	NOUN
issue-1191	404	7	and	and	CCONJ
issue-1191	404	8	capital	capital	NOUN
issue-1191	404	9	flows	flow	NOUN
issue-1191	404	10	.	.	PUNCT
issue-1191	405	1	the	the	DET
issue-1191	405	2	american	american	PROPN
issue-1191	405	3	economic	economic	PROPN
issue-1191	405	4	review	review	PROPN
issue-1191	405	5	,	,	PUNCT
issue-1191	405	6	58	58	NUM
issue-1191	405	7	(	(	PUNCT
issue-1191	405	8	5	5	NUM
issue-1191	405	9	)	)	PUNCT
issue-1191	405	10	,	,	PUNCT
issue-1191	405	11	1299–1314	1299–1314	NUM
issue-1191	405	12	.	.	PUNCT
issue-1191	406	1	hossein	hossein	PROPN
issue-1191	406	2	,	,	PUNCT
issue-1191	406	3	a.	a.	PROPN
issue-1191	406	4	,	,	PUNCT
issue-1191	406	5	&	&	CCONJ
issue-1191	406	6	nossman	nossman	NOUN
issue-1191	406	7	,	,	PUNCT
issue-1191	406	8	m.	m.	NOUN
issue-1191	406	9	(	(	PUNCT
issue-1191	406	10	2011	2011	NUM
issue-1191	406	11	)	)	PUNCT
issue-1191	406	12	.	.	PUNCT
issue-1191	407	1	risk	risk	NOUN
issue-1191	407	2	contagion	contagion	NOUN
issue-1191	407	3	among	among	ADP
issue-1191	407	4	international	international	ADJ
issue-1191	407	5	stock	stock	NOUN
issue-1191	407	6	markets	market	NOUN
issue-1191	407	7	.	.	PUNCT
issue-1191	408	1	journal	journal	NOUN
issue-1191	408	2	of	of	ADP
issue-1191	408	3	international	international	ADJ
issue-1191	408	4	money	money	NOUN
issue-1191	408	5	&	&	CCONJ
issue-1191	408	6	finance	finance	PROPN
issue-1191	408	7	,	,	PUNCT
issue-1191	408	8	30	30	NUM
issue-1191	408	9	(	(	PUNCT
issue-1191	408	10	1	1	NUM
issue-1191	408	11	)	)	PUNCT
issue-1191	408	12	,	,	PUNCT
issue-1191	408	13	22–38	22–38	NUM
issue-1191	408	14	.	.	PUNCT
issue-1191	409	1	imf	imf	PROPN
issue-1191	409	2	(	(	PUNCT
issue-1191	409	3	2021	2021	NUM
issue-1191	409	4	)	)	PUNCT
issue-1191	409	5	.	.	PUNCT
issue-1191	410	1	coordinated	coordinate	VERB
issue-1191	410	2	portfolio	portfolio	NOUN
issue-1191	410	3	investment	investment	NOUN
issue-1191	410	4	survey	survey	NOUN
issue-1191	410	5	.	.	PUNCT
issue-1191	411	1	international	international	ADJ
issue-1191	411	2	monetary	monetary	ADJ
issue-1191	411	3	fund	fund	PROPN
issue-1191	411	4	.	.	PUNCT
issue-1191	412	1	available	available	ADJ
issue-1191	412	2	at	at	ADP
issue-1191	412	3	:	:	PUNCT
issue-1191	412	4	https://data.imf.org/?sk=b981b4e3-4e58-467e-9b90-9de0c3367363	https://data.imf.org/?sk=b981b4e3-4e58-467e-9b90-9de0c3367363	PROPN
issue-1191	412	5	.	.	PUNCT
issue-1191	413	1	imf	imf	PROPN
issue-1191	413	2	(	(	PUNCT
issue-1191	413	3	2021	2021	NUM
issue-1191	413	4	)	)	PUNCT
issue-1191	413	5	.	.	PUNCT
issue-1191	414	1	imf	imf	PROPN
issue-1191	414	2	data	data	PROPN
issue-1191	414	3	.	.	PUNCT
issue-1191	415	1	interest	interest	NOUN
issue-1191	415	2	rates	rate	NOUN
issue-1191	415	3	selected	select	VERB
issue-1191	415	4	indicators	indicator	NOUN
issue-1191	415	5	(	(	PUNCT
issue-1191	415	6	t	t	NOUN
issue-1191	415	7	-	-	PUNCT
issue-1191	415	8	bills	bill	NOUN
issue-1191	415	9	)	)	PUNCT
issue-1191	415	10	.	.	PUNCT
issue-1191	416	1	international	international	ADJ
issue-1191	416	2	monetary	monetary	ADJ
issue-1191	416	3	fund	fund	PROPN
issue-1191	416	4	.	.	PUNCT
issue-1191	417	1	available	available	ADJ
issue-1191	417	2	at	at	ADP
issue-1191	417	3	:	:	PUNCT
issue-1191	417	4	https://data.imf.org/regular.aspx?key=61545855	https://data.imf.org/regular.aspx?key=61545855	PROPN
issue-1191	417	5	.	.	PUNCT
issue-1191	418	1	jobson	jobson	PROPN
issue-1191	418	2	,	,	PUNCT
issue-1191	418	3	j.	j.	PROPN
issue-1191	418	4	d.	d.	PROPN
issue-1191	418	5	(	(	PUNCT
issue-1191	418	6	1991	1991	NUM
issue-1191	418	7	)	)	PUNCT
issue-1191	418	8	.	.	PUNCT
issue-1191	419	1	confidence	confidence	NOUN
issue-1191	419	2	regions	region	NOUN
issue-1191	419	3	for	for	ADP
issue-1191	419	4	the	the	DET
issue-1191	419	5	mean	mean	ADJ
issue-1191	419	6	-	-	PUNCT
issue-1191	419	7	variance	variance	NOUN
issue-1191	419	8	efficient	efficient	ADJ
issue-1191	419	9	set	set	NOUN
issue-1191	419	10	:	:	PUNCT
issue-1191	419	11	an	an	DET
issue-1191	419	12	alternative	alternative	ADJ
issue-1191	419	13	approach	approach	NOUN
issue-1191	419	14	to	to	ADP
issue-1191	419	15	estimation	estimation	NOUN
issue-1191	419	16	risk	risk	NOUN
issue-1191	419	17	.	.	PUNCT
issue-1191	420	1	review	review	NOUN
issue-1191	420	2	of	of	ADP
issue-1191	420	3	quantitative	quantitative	ADJ
issue-1191	420	4	finance	finance	NOUN
issue-1191	420	5	and	and	CCONJ
issue-1191	420	6	accounting	accounting	NOUN
issue-1191	420	7	,	,	PUNCT
issue-1191	420	8	1	1	NUM
issue-1191	420	9	(	(	PUNCT
issue-1191	420	10	3	3	NUM
issue-1191	420	11	)	)	PUNCT
issue-1191	420	12	,	,	PUNCT
issue-1191	420	13	235–257	235–257	NUM
issue-1191	420	14	.	.	PUNCT
issue-1191	421	1	jorion	jorion	NOUN
issue-1191	421	2	,	,	PUNCT
issue-1191	421	3	p.	p.	NOUN
issue-1191	421	4	(	(	PUNCT
issue-1191	421	5	1992	1992	NUM
issue-1191	421	6	)	)	PUNCT
issue-1191	421	7	.	.	PUNCT
issue-1191	422	1	portfolio	portfolio	NOUN
issue-1191	422	2	optimization	optimization	NOUN
issue-1191	422	3	in	in	ADP
issue-1191	422	4	practice	practice	NOUN
issue-1191	422	5	.	.	PUNCT
issue-1191	423	1	financial	financial	ADJ
issue-1191	423	2	analysts	analyst	NOUN
issue-1191	423	3	journal	journal	NOUN
issue-1191	423	4	,	,	PUNCT
issue-1191	423	5	4	4	NUM
issue-1191	423	6	(	(	PUNCT
issue-1191	423	7	2	2	NUM
issue-1191	423	8	)	)	PUNCT
issue-1191	423	9	,	,	PUNCT
issue-1191	423	10	315–342	315–342	NUM
issue-1191	423	11	.	.	PUNCT
issue-1191	423	12	karolyi	karolyi	PROPN
issue-1191	423	13	,	,	PUNCT
issue-1191	423	14	g.	g.	PROPN
issue-1191	423	15	,	,	PUNCT
issue-1191	423	16	&	&	CCONJ
issue-1191	423	17	stulz	stulz	ADJ
issue-1191	423	18	,	,	PUNCT
issue-1191	423	19	r.	r.	PROPN
issue-1191	423	20	(	(	PUNCT
issue-1191	423	21	1996	1996	NUM
issue-1191	423	22	)	)	PUNCT
issue-1191	423	23	.	.	PUNCT
issue-1191	424	1	why	why	SCONJ
issue-1191	424	2	do	do	AUX
issue-1191	424	3	markets	market	NOUN
issue-1191	424	4	move	move	VERB
issue-1191	424	5	together	together	ADV
issue-1191	424	6	?	?	PUNCT
issue-1191	425	1	an	an	DET
issue-1191	425	2	investigation	investigation	NOUN
issue-1191	425	3	of	of	ADP
issue-1191	425	4	u.s.-japan	u.s.-japan	ADJ
issue-1191	425	5	stock	stock	NOUN
issue-1191	425	6	return	return	NOUN
issue-1191	425	7	comovements	comovement	NOUN
issue-1191	425	8	.	.	PUNCT
issue-1191	426	1	the	the	DET
issue-1191	426	2	journal	journal	PROPN
issue-1191	426	3	of	of	ADP
issue-1191	426	4	finance	finance	NOUN
issue-1191	426	5	,	,	PUNCT
issue-1191	426	6	51	51	NUM
issue-1191	426	7	(	(	PUNCT
issue-1191	426	8	3	3	NUM
issue-1191	426	9	)	)	PUNCT
issue-1191	426	10	,	,	PUNCT
issue-1191	426	11	951–986	951–986	NUM
issue-1191	426	12	.	.	PUNCT
issue-1191	427	1	kim	kim	PROPN
issue-1191	427	2	,	,	PUNCT
issue-1191	427	3	w.	w.	PROPN
issue-1191	427	4	,	,	PUNCT
issue-1191	427	5	fabozzi	fabozzi	PROPN
issue-1191	427	6	,	,	PUNCT
issue-1191	427	7	f.	f.	PROPN
issue-1191	427	8	,	,	PUNCT
issue-1191	427	9	cheridito	cheridito	ADJ
issue-1191	427	10	,	,	PUNCT
issue-1191	427	11	p.	p.	NOUN
issue-1191	427	12	,	,	PUNCT
issue-1191	427	13	&	&	CCONJ
issue-1191	427	14	fox	fox	PROPN
issue-1191	427	15	,	,	PUNCT
issue-1191	427	16	c.	c.	PROPN
issue-1191	427	17	(	(	PUNCT
issue-1191	427	18	2014	2014	NUM
issue-1191	427	19	)	)	PUNCT
issue-1191	427	20	.	.	PUNCT
issue-1191	428	1	controlling	control	VERB
issue-1191	428	2	portfolio	portfolio	NOUN
issue-1191	428	3	skewness	skewness	NOUN
issue-1191	428	4	and	and	CCONJ
issue-1191	428	5	kurtosis	kurtosis	VERB
issue-1191	428	6	without	without	ADP
issue-1191	428	7	directly	directly	ADV
issue-1191	428	8	optimizing	optimize	VERB
issue-1191	428	9	third	third	ADJ
issue-1191	428	10	and	and	CCONJ
issue-1191	428	11	fourth	fourth	ADJ
issue-1191	428	12	moments	moment	NOUN
issue-1191	428	13	.	.	PUNCT
issue-1191	429	1	economic	economic	ADJ
issue-1191	429	2	letters	letter	NOUN
issue-1191	429	3	,	,	PUNCT
issue-1191	429	4	122	122	NUM
issue-1191	429	5	(	(	PUNCT
issue-1191	429	6	2	2	NUM
issue-1191	429	7	)	)	PUNCT
issue-1191	429	8	,	,	PUNCT
issue-1191	429	9	154–158	154–158	NUM
issue-1191	429	10	.	.	PUNCT
issue-1191	429	11	lehar	lehar	PROPN
issue-1191	429	12	,	,	PUNCT
issue-1191	429	13	a.	a.	NOUN
issue-1191	429	14	(	(	PUNCT
issue-1191	429	15	2005	2005	NUM
issue-1191	429	16	)	)	PUNCT
issue-1191	429	17	.	.	PUNCT
issue-1191	430	1	measuring	measure	VERB
issue-1191	430	2	systemic	systemic	ADJ
issue-1191	430	3	risk	risk	NOUN
issue-1191	430	4	:	:	PUNCT
issue-1191	430	5	a	a	DET
issue-1191	430	6	risk	risk	NOUN
issue-1191	430	7	management	management	NOUN
issue-1191	430	8	approach	approach	NOUN
issue-1191	430	9	.	.	PUNCT
issue-1191	431	1	journal	journal	NOUN
issue-1191	431	2	of	of	ADP
issue-1191	431	3	banking	banking	NOUN
issue-1191	431	4	&	&	CCONJ
issue-1191	431	5	finance	finance	PROPN
issue-1191	431	6	,	,	PUNCT
issue-1191	431	7	29	29	NUM
issue-1191	431	8	(	(	PUNCT
issue-1191	431	9	10	10	NUM
issue-1191	431	10	)	)	PUNCT
issue-1191	431	11	,	,	PUNCT
issue-1191	431	12	2577–2603	2577–2603	NUM
issue-1191	431	13	.	.	PUNCT
issue-1191	432	1	lessard	lessard	PROPN
issue-1191	432	2	,	,	PUNCT
issue-1191	432	3	d.	d.	PROPN
issue-1191	432	4	(	(	PUNCT
issue-1191	432	5	1976	1976	NUM
issue-1191	432	6	)	)	PUNCT
issue-1191	432	7	.	.	PUNCT
issue-1191	433	1	world	world	NOUN
issue-1191	433	2	,	,	PUNCT
issue-1191	433	3	country	country	NOUN
issue-1191	433	4	and	and	CCONJ
issue-1191	433	5	industry	industry	NOUN
issue-1191	433	6	relationships	relationship	NOUN
issue-1191	433	7	in	in	ADP
issue-1191	433	8	equity	equity	NOUN
issue-1191	433	9	returns	return	NOUN
issue-1191	433	10	:	:	PUNCT
issue-1191	433	11	implications	implication	NOUN
issue-1191	433	12	for	for	ADP
issue-1191	433	13	risk	risk	NOUN
issue-1191	433	14	reduction	reduction	NOUN
issue-1191	433	15	through	through	ADP
issue-1191	433	16	international	international	ADJ
issue-1191	433	17	diversification	diversification	NOUN
issue-1191	433	18	.	.	PUNCT
issue-1191	434	1	financial	financial	ADJ
issue-1191	434	2	analysts	analyst	NOUN
issue-1191	434	3	journal	journal	NOUN
issue-1191	434	4	,	,	PUNCT
issue-1191	434	5	32	32	NUM
issue-1191	434	6	(	(	PUNCT
issue-1191	434	7	3	3	NUM
issue-1191	434	8	)	)	PUNCT
issue-1191	434	9	,	,	PUNCT
issue-1191	434	10	32–38	32–38	NUM
issue-1191	434	11	.	.	PUNCT
issue-1191	435	1	lintner	lintner	PROPN
issue-1191	435	2	,	,	PUNCT
issue-1191	435	3	j.	j.	PROPN
issue-1191	435	4	v.	v.	PROPN
issue-1191	435	5	(	(	PUNCT
issue-1191	435	6	1965	1965	NUM
issue-1191	435	7	)	)	PUNCT
issue-1191	435	8	.	.	PUNCT
issue-1191	436	1	the	the	DET
issue-1191	436	2	valuation	valuation	NOUN
issue-1191	436	3	of	of	ADP
issue-1191	436	4	risk	risk	NOUN
issue-1191	436	5	assets	asset	NOUN
issue-1191	436	6	and	and	CCONJ
issue-1191	436	7	the	the	DET
issue-1191	436	8	selection	selection	NOUN
issue-1191	436	9	of	of	ADP
issue-1191	436	10	risky	risky	ADJ
issue-1191	436	11	investments	investment	NOUN
issue-1191	436	12	in	in	ADP
issue-1191	436	13	stock	stock	NOUN
issue-1191	436	14	portfolios	portfolio	NOUN
issue-1191	436	15	and	and	CCONJ
issue-1191	436	16	capital	capital	NOUN
issue-1191	436	17	budgets	budget	NOUN
issue-1191	436	18	.	.	PUNCT
issue-1191	437	1	the	the	DET
issue-1191	437	2	review	review	NOUN
issue-1191	437	3	of	of	ADP
issue-1191	437	4	economics	economic	NOUN
issue-1191	437	5	and	and	CCONJ
issue-1191	437	6	statistics	statistic	NOUN
issue-1191	437	7	,	,	PUNCT
issue-1191	437	8	47	47	NUM
issue-1191	437	9	(	(	PUNCT
issue-1191	437	10	1	1	NUM
issue-1191	437	11	)	)	PUNCT
issue-1191	437	12	,	,	PUNCT
issue-1191	437	13	13–37	13–37	NOUN
issue-1191	437	14	.	.	PUNCT
issue-1191	438	1	longin	longin	PROPN
issue-1191	438	2	,	,	PUNCT
issue-1191	438	3	f.	f.	PROPN
issue-1191	438	4	,	,	PUNCT
issue-1191	438	5	&	&	CCONJ
issue-1191	438	6	solnik	solnik	PROPN
issue-1191	438	7	,	,	PUNCT
issue-1191	438	8	b.	b.	PROPN
issue-1191	438	9	(	(	PUNCT
issue-1191	438	10	2001	2001	NUM
issue-1191	438	11	)	)	PUNCT
issue-1191	438	12	.	.	PUNCT
issue-1191	439	1	extreme	extreme	ADJ
issue-1191	439	2	correlations	correlation	NOUN
issue-1191	439	3	of	of	ADP
issue-1191	439	4	international	international	ADJ
issue-1191	439	5	equity	equity	NOUN
issue-1191	439	6	markets	market	NOUN
issue-1191	439	7	.	.	PUNCT
issue-1191	440	1	the	the	DET
issue-1191	440	2	journal	journal	NOUN
issue-1191	440	3	of	of	ADP
issue-1191	440	4	finance	finance	NOUN
issue-1191	440	5	,	,	PUNCT
issue-1191	440	6	56	56	NUM
issue-1191	440	7	(	(	PUNCT
issue-1191	440	8	2	2	NUM
issue-1191	440	9	)	)	PUNCT
issue-1191	440	10	,	,	PUNCT
issue-1191	440	11	649–676	649–676	NUM
issue-1191	440	12	.	.	PUNCT
issue-1191	441	1	longin	longin	PROPN
issue-1191	441	2	,	,	PUNCT
issue-1191	441	3	f.	f.	PROPN
issue-1191	441	4	,	,	PUNCT
issue-1191	441	5	&	&	CCONJ
issue-1191	441	6	solnik	solnik	PROPN
issue-1191	441	7	,	,	PUNCT
issue-1191	441	8	b.	b.	PROPN
issue-1191	441	9	(	(	PUNCT
issue-1191	441	10	1995	1995	NUM
issue-1191	441	11	)	)	PUNCT
issue-1191	441	12	.	.	PUNCT
issue-1191	441	13	is	be	AUX
issue-1191	441	14	the	the	DET
issue-1191	441	15	correlation	correlation	NOUN
issue-1191	441	16	in	in	ADP
issue-1191	441	17	international	international	ADJ
issue-1191	441	18	equity	equity	NOUN
issue-1191	441	19	returns	return	NOUN
issue-1191	441	20	constant	constant	ADJ
issue-1191	441	21	:	:	PUNCT
issue-1191	441	22	1960	1960	NUM
issue-1191	441	23	-	-	SYM
issue-1191	441	24	1990	1990	NUM
issue-1191	441	25	?	?	PUNCT
issue-1191	442	1	journal	journal	NOUN
issue-1191	442	2	of	of	ADP
issue-1191	442	3	international	international	ADJ
issue-1191	442	4	money	money	NOUN
issue-1191	442	5	and	and	CCONJ
issue-1191	442	6	finance	finance	NOUN
issue-1191	442	7	,	,	PUNCT
issue-1191	442	8	14	14	NUM
issue-1191	442	9	(	(	PUNCT
issue-1191	442	10	1	1	NUM
issue-1191	442	11	)	)	PUNCT
issue-1191	442	12	,	,	PUNCT
issue-1191	442	13	3–26	3–26	NUM
issue-1191	442	14	.	.	PUNCT
issue-1191	443	1	markowitz	markowitz	PROPN
issue-1191	443	2	,	,	PUNCT
issue-1191	443	3	h.	h.	PROPN
issue-1191	443	4	m.	m.	PROPN
issue-1191	443	5	(	(	PUNCT
issue-1191	443	6	1952	1952	NUM
issue-1191	443	7	)	)	PUNCT
issue-1191	443	8	.	.	PUNCT
issue-1191	444	1	portfolio	portfolio	NOUN
issue-1191	444	2	selection	selection	NOUN
issue-1191	444	3	.	.	PUNCT
issue-1191	445	1	the	the	DET
issue-1191	445	2	journal	journal	PROPN
issue-1191	445	3	of	of	ADP
issue-1191	445	4	finance	finance	NOUN
issue-1191	445	5	,	,	PUNCT
issue-1191	445	6	7	7	NUM
issue-1191	445	7	(	(	PUNCT
issue-1191	445	8	1	1	NUM
issue-1191	445	9	)	)	PUNCT
issue-1191	445	10	,	,	PUNCT
issue-1191	445	11	77–91	77–91	NUM
issue-1191	445	12	.	.	PUNCT
issue-1191	446	1	markowitz	markowitz	PROPN
issue-1191	446	2	,	,	PUNCT
issue-1191	446	3	h.	h.	PROPN
issue-1191	446	4	m.	m.	PROPN
issue-1191	446	5	(	(	PUNCT
issue-1191	446	6	1959	1959	NUM
issue-1191	446	7	)	)	PUNCT
issue-1191	446	8	.	.	PUNCT
issue-1191	447	1	portfolio	portfolio	NOUN
issue-1191	447	2	selection	selection	NOUN
issue-1191	447	3	:	:	PUNCT
issue-1191	447	4	efficient	efficient	ADJ
issue-1191	447	5	diversification	diversification	NOUN
issue-1191	447	6	of	of	ADP
issue-1191	447	7	investments	investment	NOUN
issue-1191	447	8	.	.	PUNCT
issue-1191	448	1	new	new	PROPN
issue-1191	448	2	york	york	PROPN
issue-1191	448	3	:	:	PUNCT
issue-1191	448	4	john	john	PROPN
issue-1191	448	5	wiley	wiley	PROPN
issue-1191	448	6	&	&	CCONJ
issue-1191	448	7	sons	sons	PROPN
issue-1191	448	8	,	,	PUNCT
issue-1191	448	9	inc	inc	PROPN
issue-1191	448	10	.	.	PROPN
issue-1191	448	11	;	;	PUNCT
issue-1191	448	12	london	london	PROPN
issue-1191	448	13	:	:	PUNCT
issue-1191	448	14	chapman	chapman	PROPN
issue-1191	448	15	&	&	CCONJ
issue-1191	448	16	hall	hall	PROPN
issue-1191	448	17	,	,	PUNCT
issue-1191	448	18	ltd	ltd	PROPN
issue-1191	448	19	.	.	PROPN
issue-1191	448	20	;	;	PUNCT
issue-1191	448	21	cowles	cowles	PROPN
issue-1191	448	22	foundation	foundation	PROPN
issue-1191	448	23	for	for	ADP
issue-1191	448	24	research	research	NOUN
issue-1191	448	25	in	in	ADP
issue-1191	448	26	economics	economic	NOUN
issue-1191	448	27	at	at	ADP
issue-1191	448	28	yale	yale	PROPN
issue-1191	448	29	university	university	PROPN
issue-1191	448	30	.	.	PUNCT
issue-1191	449	1	mei	mei	PROPN
issue-1191	449	2	,	,	PUNCT
issue-1191	449	3	d.	d.	PROPN
issue-1191	449	4	,	,	PUNCT
issue-1191	449	5	liu	liu	PROPN
issue-1191	449	6	,	,	PUNCT
issue-1191	449	7	j.	j.	PROPN
issue-1191	449	8	,	,	PUNCT
issue-1191	449	9	ma	ma	PROPN
issue-1191	449	10	,	,	PUNCT
issue-1191	449	11	f.	f.	PROPN
issue-1191	449	12	,	,	PUNCT
issue-1191	449	13	&	&	CCONJ
issue-1191	449	14	chen	chen	PROPN
issue-1191	449	15	,	,	PUNCT
issue-1191	449	16	w.	w.	PROPN
issue-1191	449	17	(	(	PUNCT
issue-1191	449	18	2017	2017	NUM
issue-1191	449	19	)	)	PUNCT
issue-1191	449	20	.	.	PUNCT
issue-1191	450	1	forecasting	forecast	VERB
issue-1191	450	2	stock	stock	NOUN
issue-1191	450	3	market	market	NOUN
issue-1191	450	4	volatility	volatility	NOUN
issue-1191	450	5	:	:	PUNCT
issue-1191	450	6	do	do	AUX
issue-1191	450	7	realized	realize	VERB
issue-1191	450	8	skewness	skewness	NOUN
issue-1191	450	9	and	and	CCONJ
issue-1191	450	10	kurtosis	kurtosis	VERB
issue-1191	450	11	help	help	NOUN
issue-1191	450	12	?	?	PUNCT
issue-1191	451	1	physica	physica	VERB
issue-1191	451	2	a	a	DET
issue-1191	451	3	:	:	PUNCT
issue-1191	451	4	statistical	statistical	ADJ
issue-1191	451	5	mechanics	mechanic	NOUN
issue-1191	451	6	and	and	CCONJ
issue-1191	451	7	its	its	PRON
issue-1191	451	8	applications	application	NOUN
issue-1191	451	9	,	,	PUNCT
issue-1191	451	10	481	481	NUM
issue-1191	451	11	(	(	PUNCT
issue-1191	451	12	1	1	NUM
issue-1191	451	13	)	)	PUNCT
issue-1191	451	14	,	,	PUNCT
issue-1191	451	15	153–159	153–159	NUM
issue-1191	451	16	.	.	PUNCT
issue-1191	452	1	merton	merton	PROPN
issue-1191	452	2	,	,	PUNCT
issue-1191	452	3	r.	r.	PROPN
issue-1191	452	4	c.	c.	PROPN
issue-1191	452	5	(	(	PUNCT
issue-1191	452	6	1973	1973	NUM
issue-1191	452	7	)	)	PUNCT
issue-1191	452	8	.	.	PUNCT
issue-1191	453	1	an	an	DET
issue-1191	453	2	intertemporal	intertemporal	ADJ
issue-1191	453	3	capital	capital	NOUN
issue-1191	453	4	asset	asset	NOUN
issue-1191	453	5	pricing	pricing	NOUN
issue-1191	453	6	model	model	NOUN
issue-1191	453	7	.	.	PUNCT
issue-1191	454	1	econometrica	econometrica	PROPN
issue-1191	454	2	,	,	PUNCT
issue-1191	454	3	41	41	NUM
issue-1191	454	4	(	(	PUNCT
issue-1191	454	5	5	5	NUM
issue-1191	454	6	)	)	PUNCT
issue-1191	454	7	,	,	PUNCT
issue-1191	454	8	867–887	867–887	NUM
issue-1191	454	9	.	.	PUNCT
issue-1191	455	1	baltic	baltic	PROPN
issue-1191	455	2	journal	journal	PROPN
issue-1191	455	3	of	of	ADP
issue-1191	455	4	economic	economic	ADJ
issue-1191	455	5	studies	study	NOUN
issue-1191	455	6	108	108	NUM
issue-1191	455	7	vol	vol	NOUN
issue-1191	455	8	.	.	PROPN
issue-1191	456	1	7	7	NUM
issue-1191	456	2	no	no	NOUN
issue-1191	456	3	.	.	NOUN
issue-1191	457	1	3	3	NUM
issue-1191	457	2	,	,	PUNCT
issue-1191	457	3	2021	2021	NUM
issue-1191	457	4	moerman	moerman	NOUN
issue-1191	457	5	,	,	PUNCT
issue-1191	457	6	g.	g.	PROPN
issue-1191	457	7	(	(	PUNCT
issue-1191	457	8	2008	2008	NUM
issue-1191	457	9	)	)	PUNCT
issue-1191	457	10	.	.	PUNCT
issue-1191	458	1	diversification	diversification	NOUN
issue-1191	458	2	in	in	ADP
issue-1191	458	3	euro	euro	PROPN
issue-1191	458	4	area	area	NOUN
issue-1191	458	5	stock	stock	NOUN
issue-1191	458	6	markets	market	NOUN
issue-1191	458	7	:	:	PUNCT
issue-1191	458	8	country	country	NOUN
issue-1191	458	9	versus	versus	ADP
issue-1191	458	10	industry	industry	NOUN
issue-1191	458	11	.	.	PUNCT
issue-1191	459	1	journal	journal	PROPN
issue-1191	459	2	of	of	ADP
issue-1191	459	3	international	international	ADJ
issue-1191	459	4	money	money	NOUN
issue-1191	459	5	and	and	CCONJ
issue-1191	459	6	finance	finance	NOUN
issue-1191	459	7	,	,	PUNCT
issue-1191	459	8	27	27	NUM
issue-1191	459	9	(	(	PUNCT
issue-1191	459	10	7	7	NUM
issue-1191	459	11	)	)	PUNCT
issue-1191	459	12	,	,	PUNCT
issue-1191	459	13	1122–1134	1122–1134	NUM
issue-1191	459	14	.	.	PUNCT
issue-1191	460	1	morana	morana	PROPN
issue-1191	460	2	,	,	PUNCT
issue-1191	460	3	c.	c.	PROPN
issue-1191	460	4	,	,	PUNCT
issue-1191	460	5	&	&	CCONJ
issue-1191	460	6	beltratti	beltratti	PROPN
issue-1191	460	7	,	,	PUNCT
issue-1191	460	8	a.	a.	NOUN
issue-1191	460	9	(	(	PUNCT
issue-1191	460	10	2002	2002	NUM
issue-1191	460	11	)	)	PUNCT
issue-1191	460	12	.	.	PUNCT
issue-1191	461	1	the	the	DET
issue-1191	461	2	effects	effect	NOUN
issue-1191	461	3	of	of	ADP
issue-1191	461	4	the	the	DET
issue-1191	461	5	introduction	introduction	NOUN
issue-1191	461	6	of	of	ADP
issue-1191	461	7	the	the	DET
issue-1191	461	8	euro	euro	NOUN
issue-1191	461	9	on	on	ADP
issue-1191	461	10	the	the	DET
issue-1191	461	11	volatility	volatility	NOUN
issue-1191	461	12	of	of	ADP
issue-1191	461	13	european	european	ADJ
issue-1191	461	14	stock	stock	NOUN
issue-1191	461	15	markets	market	NOUN
issue-1191	461	16	.	.	PUNCT
issue-1191	462	1	journal	journal	NOUN
issue-1191	462	2	of	of	ADP
issue-1191	462	3	banking	banking	NOUN
issue-1191	462	4	&	&	CCONJ
issue-1191	462	5	finance	finance	PROPN
issue-1191	462	6	,	,	PUNCT
issue-1191	462	7	26	26	NUM
issue-1191	462	8	(	(	PUNCT
issue-1191	462	9	10	10	NUM
issue-1191	462	10	)	)	PUNCT
issue-1191	462	11	,	,	PUNCT
issue-1191	462	12	2047–2064	2047–2064	NUM
issue-1191	462	13	.	.	PUNCT
issue-1191	463	1	msci	msci	PROPN
issue-1191	463	2	(	(	PUNCT
issue-1191	463	3	2021	2021	NUM
issue-1191	463	4	)	)	PUNCT
issue-1191	463	5	.	.	PUNCT
issue-1191	464	1	msci	msci	PROPN
issue-1191	464	2	indexes	index	NOUN
issue-1191	464	3	performance	performance	NOUN
issue-1191	464	4	.	.	PUNCT
issue-1191	465	1	end	end	NOUN
issue-1191	465	2	of	of	ADP
issue-1191	465	3	day	day	NOUN
issue-1191	465	4	index	index	NOUN
issue-1191	465	5	data	datum	NOUN
issue-1191	465	6	search	search	NOUN
issue-1191	465	7	.	.	PUNCT
issue-1191	466	1	morgan	morgan	PROPN
issue-1191	466	2	stanley	stanley	PROPN
issue-1191	466	3	capital	capital	PROPN
issue-1191	466	4	international	international	PROPN
issue-1191	466	5	.	.	PUNCT
issue-1191	467	1	available	available	ADJ
issue-1191	467	2	at	at	ADP
issue-1191	467	3	:	:	PUNCT
issue-1191	467	4	https://www.msci.com/end-of-day-data-search	https://www.msci.com/end-of-day-data-search	PROPN
issue-1191	467	5	.	.	PUNCT
issue-1191	468	1	niklewski	niklewski	PROPN
issue-1191	468	2	,	,	PUNCT
issue-1191	468	3	j.	j.	PROPN
issue-1191	468	4	,	,	PUNCT
issue-1191	468	5	&	&	CCONJ
issue-1191	468	6	rodgers	rodger	NOUN
issue-1191	468	7	,	,	PUNCT
issue-1191	468	8	t.	t.	PROPN
issue-1191	468	9	(	(	PUNCT
issue-1191	468	10	2013	2013	NUM
issue-1191	468	11	)	)	PUNCT
issue-1191	468	12	.	.	PUNCT
issue-1191	469	1	international	international	ADJ
issue-1191	469	2	portfolio	portfolio	NOUN
issue-1191	469	3	diversification	diversification	NOUN
issue-1191	469	4	and	and	CCONJ
issue-1191	469	5	the	the	DET
issue-1191	469	6	2007	2007	NUM
issue-1191	469	7	financial	financial	ADJ
issue-1191	469	8	crisis	crisis	NOUN
issue-1191	469	9	.	.	PUNCT
issue-1191	470	1	in	in	ADP
issue-1191	470	2	j.	j.	PROPN
issue-1191	470	3	batten	batten	PROPN
issue-1191	470	4	,	,	PUNCT
issue-1191	470	5	p.	p.	PROPN
issue-1191	470	6	mackay	mackay	PROPN
issue-1191	470	7	&	&	CCONJ
issue-1191	470	8	n.	n.	PROPN
issue-1191	470	9	wagner	wagner	PROPN
issue-1191	470	10	(	(	PUNCT
issue-1191	470	11	eds	eds	PROPN
issue-1191	470	12	.	.	PUNCT
issue-1191	470	13	)	)	PUNCT
issue-1191	470	14	,	,	PUNCT
issue-1191	470	15	advances	advance	NOUN
issue-1191	470	16	in	in	ADP
issue-1191	470	17	financial	financial	ADJ
issue-1191	470	18	risk	risk	NOUN
issue-1191	470	19	management	management	NOUN
issue-1191	470	20	(	(	PUNCT
issue-1191	470	21	pp	pp	ADJ
issue-1191	470	22	.	.	PUNCT
issue-1191	471	1	225–252	225–252	NUM
issue-1191	471	2	)	)	PUNCT
issue-1191	471	3	.	.	PUNCT
issue-1191	472	1	london	london	PROPN
issue-1191	472	2	:	:	PUNCT
issue-1191	472	3	palgrave	palgrave	PROPN
issue-1191	472	4	macmillan	macmillan	PROPN
issue-1191	472	5	.	.	PUNCT
issue-1191	473	1	rogach	rogach	PROPN
issue-1191	473	2	,	,	PUNCT
issue-1191	473	3	o.	o.	PROPN
issue-1191	473	4	i.	i.	PROPN
issue-1191	473	5	,	,	PUNCT
issue-1191	473	6	&	&	CCONJ
issue-1191	473	7	dziuba	dziuba	PROPN
issue-1191	473	8	,	,	PUNCT
issue-1191	473	9	p.	p.	NOUN
issue-1191	473	10	v.	v.	PROPN
issue-1191	473	11	(	(	PUNCT
issue-1191	473	12	2017	2017	NUM
issue-1191	473	13	)	)	PUNCT
issue-1191	473	14	.	.	PUNCT
issue-1191	474	1	exchange	exchange	NOUN
issue-1191	474	2	rate	rate	NOUN
issue-1191	474	3	risks	risk	NOUN
issue-1191	474	4	of	of	ADP
issue-1191	474	5	international	international	ADJ
issue-1191	474	6	portfolio	portfolio	NOUN
issue-1191	474	7	investments	investment	NOUN
issue-1191	474	8	:	:	PUNCT
issue-1191	474	9	comparative	comparative	ADJ
issue-1191	474	10	analysis	analysis	NOUN
issue-1191	474	11	of	of	ADP
issue-1191	474	12	ukrainian	ukrainian	ADJ
issue-1191	474	13	and	and	CCONJ
issue-1191	474	14	other	other	ADJ
issue-1191	474	15	frontier	frontier	NOUN
issue-1191	474	16	markets	market	NOUN
issue-1191	474	17	.	.	PUNCT
issue-1191	475	1	transition	transition	NOUN
issue-1191	475	2	studies	study	NOUN
issue-1191	475	3	review	review	VERB
issue-1191	475	4	,	,	PUNCT
issue-1191	475	5	24	24	NUM
issue-1191	475	6	(	(	PUNCT
issue-1191	475	7	1	1	NUM
issue-1191	475	8	)	)	PUNCT
issue-1191	475	9	,	,	PUNCT
issue-1191	475	10	31–45	31–45	NUM
issue-1191	475	11	.	.	PUNCT
issue-1191	476	1	rogach	rogach	NOUN
issue-1191	476	2	,	,	PUNCT
issue-1191	476	3	o.	o.	NOUN
issue-1191	476	4	,	,	PUNCT
issue-1191	476	5	shnyrkov	shnyrkov	NOUN
issue-1191	476	6	,	,	PUNCT
issue-1191	476	7	o.	o.	PROPN
issue-1191	476	8	,	,	PUNCT
issue-1191	476	9	&	&	CCONJ
issue-1191	476	10	dziuba	dziuba	PROPN
issue-1191	476	11	,	,	PUNCT
issue-1191	476	12	p.	p.	NOUN
issue-1191	476	13	(	(	PUNCT
issue-1191	476	14	2019	2019	NUM
issue-1191	476	15	)	)	PUNCT
issue-1191	476	16	.	.	PUNCT
issue-1191	477	1	skewness	skewness	NOUN
issue-1191	477	2	-	-	PUNCT
issue-1191	477	3	based	base	VERB
issue-1191	477	4	portfolio	portfolio	NOUN
issue-1191	477	5	selection	selection	NOUN
issue-1191	477	6	:	:	PUNCT
issue-1191	477	7	implications	implication	NOUN
issue-1191	477	8	for	for	ADP
issue-1191	477	9	international	international	ADJ
issue-1191	477	10	investing	investing	NOUN
issue-1191	477	11	in	in	ADP
issue-1191	477	12	frontier	frontier	NOUN
issue-1191	477	13	markets	market	NOUN
issue-1191	477	14	.	.	PUNCT
issue-1191	478	1	transition	transition	NOUN
issue-1191	478	2	studies	study	NOUN
issue-1191	478	3	review	review	VERB
issue-1191	478	4	,	,	PUNCT
issue-1191	478	5	26	26	NUM
issue-1191	478	6	(	(	PUNCT
issue-1191	478	7	2	2	NUM
issue-1191	478	8	)	)	PUNCT
issue-1191	478	9	,	,	PUNCT
issue-1191	478	10	23–38	23–38	NUM
issue-1191	478	11	.	.	PUNCT
issue-1191	479	1	sharpe	sharpe	PROPN
issue-1191	479	2	,	,	PUNCT
issue-1191	479	3	w.	w.	PROPN
issue-1191	479	4	f.	f.	PROPN
issue-1191	479	5	(	(	PUNCT
issue-1191	479	6	1972	1972	NUM
issue-1191	479	7	)	)	PUNCT
issue-1191	479	8	.	.	PUNCT
issue-1191	480	1	capital	capital	NOUN
issue-1191	480	2	asset	asset	NOUN
issue-1191	480	3	prices	price	NOUN
issue-1191	480	4	:	:	PUNCT
issue-1191	480	5	a	a	DET
issue-1191	480	6	theory	theory	NOUN
issue-1191	480	7	of	of	ADP
issue-1191	480	8	market	market	NOUN
issue-1191	480	9	equilibrium	equilibrium	NOUN
issue-1191	480	10	under	under	ADP
issue-1191	480	11	conditions	condition	NOUN
issue-1191	480	12	of	of	ADP
issue-1191	480	13	risk	risk	NOUN
issue-1191	480	14	.	.	PUNCT
issue-1191	481	1	the	the	DET
issue-1191	481	2	journal	journal	PROPN
issue-1191	481	3	of	of	ADP
issue-1191	481	4	finance	finance	NOUN
issue-1191	481	5	,	,	PUNCT
issue-1191	481	6	19	19	NUM
issue-1191	481	7	(	(	PUNCT
issue-1191	481	8	3	3	NUM
issue-1191	481	9	)	)	PUNCT
issue-1191	481	10	,	,	PUNCT
issue-1191	481	11	425–442	425–442	NUM
issue-1191	481	12	.	.	PUNCT
issue-1191	481	13	solnik	solnik	PROPN
issue-1191	481	14	,	,	PUNCT
issue-1191	481	15	b.	b.	PROPN
issue-1191	481	16	h.	h.	PROPN
issue-1191	481	17	(	(	PUNCT
issue-1191	481	18	1974	1974	NUM
issue-1191	481	19	)	)	PUNCT
issue-1191	481	20	.	.	PUNCT
issue-1191	482	1	why	why	SCONJ
issue-1191	482	2	not	not	PART
issue-1191	482	3	diversify	diversify	VERB
issue-1191	482	4	internationally	internationally	ADV
issue-1191	482	5	rather	rather	ADV
issue-1191	482	6	than	than	ADP
issue-1191	482	7	domestically	domestically	ADV
issue-1191	482	8	?	?	PUNCT
issue-1191	483	1	financial	financial	ADJ
issue-1191	483	2	analysts	analyst	NOUN
issue-1191	483	3	journal	journal	NOUN
issue-1191	483	4	,	,	PUNCT
issue-1191	483	5	30	30	NUM
issue-1191	483	6	(	(	PUNCT
issue-1191	483	7	4	4	NUM
issue-1191	483	8	)	)	PUNCT
issue-1191	483	9	,	,	PUNCT
issue-1191	483	10	48–54	48–54	NUM
issue-1191	483	11	.	.	PUNCT
issue-1191	484	1	umantsiv	umantsiv	PROPN
issue-1191	484	2	,	,	PUNCT
issue-1191	484	3	i.	i.	PROPN
issue-1191	484	4	,	,	PUNCT
issue-1191	484	5	lebedeva	lebedeva	PROPN
issue-1191	484	6	,	,	PUNCT
issue-1191	484	7	l.	l.	PROPN
issue-1191	484	8	,	,	PUNCT
issue-1191	484	9	&	&	CCONJ
issue-1191	484	10	mytrofanova	mytrofanova	PROPN
issue-1191	484	11	,	,	PUNCT
issue-1191	484	12	a.	a.	NOUN
issue-1191	484	13	(	(	PUNCT
issue-1191	484	14	2019	2019	NUM
issue-1191	484	15	)	)	PUNCT
issue-1191	484	16	.	.	PUNCT
issue-1191	485	1	modern	modern	ADJ
issue-1191	485	2	trends	trend	NOUN
issue-1191	485	3	in	in	ADP
issue-1191	485	4	governance	governance	NOUN
issue-1191	485	5	of	of	ADP
issue-1191	485	6	state	state	NOUN
issue-1191	485	7	ownership	ownership	NOUN
issue-1191	485	8	relations	relation	NOUN
issue-1191	485	9	.	.	PUNCT
issue-1191	486	1	baltic	baltic	PROPN
issue-1191	486	2	journal	journal	PROPN
issue-1191	486	3	of	of	ADP
issue-1191	486	4	economic	economic	ADJ
issue-1191	486	5	studies	study	NOUN
issue-1191	486	6	,	,	PUNCT
issue-1191	486	7	5	5	NUM
issue-1191	486	8	(	(	PUNCT
issue-1191	486	9	5	5	NUM
issue-1191	486	10	)	)	PUNCT
issue-1191	486	11	,	,	PUNCT
issue-1191	486	12	155–164	155–164	NUM
issue-1191	486	13	.	.	PUNCT
issue-1191	487	1	doi	doi	NOUN
issue-1191	487	2	:	:	PUNCT
issue-1191	487	3	https://doi.org/10.30525/2256-0742/2019-5-5-155-164	https://doi.org/10.30525/2256-0742/2019-5-5-155-164	PROPN
issue-1191	487	4	wang	wang	PROPN
issue-1191	487	5	,	,	PUNCT
issue-1191	487	6	z.	z.	PROPN
issue-1191	487	7	,	,	PUNCT
issue-1191	487	8	&	&	CCONJ
issue-1191	487	9	khan	khan	PROPN
issue-1191	487	10	,	,	PUNCT
issue-1191	487	11	m.	m.	NOUN
issue-1191	487	12	(	(	PUNCT
issue-1191	487	13	2017	2017	NUM
issue-1191	487	14	)	)	PUNCT
issue-1191	487	15	.	.	PUNCT
issue-1191	488	1	market	market	NOUN
issue-1191	488	2	states	state	NOUN
issue-1191	488	3	and	and	CCONJ
issue-1191	488	4	the	the	DET
issue-1191	488	5	risk	risk	NOUN
issue-1191	488	6	-	-	PUNCT
issue-1191	488	7	return	return	NOUN
issue-1191	488	8	tradeoff	tradeoff	NOUN
issue-1191	488	9	.	.	PUNCT
issue-1191	489	1	the	the	DET
issue-1191	489	2	quarterly	quarterly	ADJ
issue-1191	489	3	review	review	NOUN
issue-1191	489	4	of	of	ADP
issue-1191	489	5	economics	economic	NOUN
issue-1191	489	6	and	and	CCONJ
issue-1191	489	7	finance	finance	NOUN
issue-1191	489	8	,	,	PUNCT
issue-1191	489	9	65	65	NUM
issue-1191	489	10	(	(	PUNCT
issue-1191	489	11	3	3	NUM
issue-1191	489	12	)	)	PUNCT
issue-1191	489	13	,	,	PUNCT
issue-1191	489	14	314–327	314–327	NUM
issue-1191	489	15	.	.	PUNCT
issue-1191	490	1	wfe	wfe	PROPN
issue-1191	490	2	(	(	PUNCT
issue-1191	490	3	2021	2021	NUM
issue-1191	490	4	)	)	PUNCT
issue-1191	490	5	.	.	PUNCT
issue-1191	491	1	statistics	statistics	PROPN
issue-1191	491	2	portal	portal	PROPN
issue-1191	491	3	.	.	PUNCT
issue-1191	492	1	world	world	PROPN
issue-1191	492	2	federation	federation	PROPN
issue-1191	492	3	of	of	ADP
issue-1191	492	4	exchanges	exchange	NOUN
issue-1191	492	5	.	.	PUNCT
issue-1191	493	1	available	available	ADJ
issue-1191	493	2	at	at	ADP
issue-1191	493	3	:	:	PUNCT
issue-1191	493	4	https://www.world-exchanges.org/	https://www.world-exchanges.org/	VERB
issue-1191	493	5	our	our	PRON
issue-1191	493	6	-	-	PUNCT
issue-1191	493	7	work	work	NOUN
issue-1191	493	8	/	/	SYM
issue-1191	493	9	statistics	statistic	NOUN
issue-1191	493	10	.	.	PUNCT
issue-1191	494	1	yakubovskiy	yakubovskiy	PROPN
issue-1191	494	2	,	,	PUNCT
issue-1191	494	3	s.	s.	PROPN
issue-1191	494	4	,	,	PUNCT
issue-1191	494	5	rodionova	rodionova	PROPN
issue-1191	494	6	,	,	PUNCT
issue-1191	494	7	t.	t.	PROPN
issue-1191	494	8	,	,	PUNCT
issue-1191	494	9	&	&	CCONJ
issue-1191	494	10	kyfak	kyfak	PROPN
issue-1191	494	11	,	,	PUNCT
issue-1191	494	12	a.	a.	NOUN
issue-1191	494	13	(	(	PUNCT
issue-1191	494	14	2019	2019	NUM
issue-1191	494	15	)	)	PUNCT
issue-1191	494	16	.	.	PUNCT
issue-1191	495	1	inflow	inflow	NOUN
issue-1191	495	2	of	of	ADP
issue-1191	495	3	foreign	foreign	ADJ
issue-1191	495	4	capital	capital	NOUN
issue-1191	495	5	as	as	ADP
issue-1191	495	6	a	a	DET
issue-1191	495	7	factor	factor	NOUN
issue-1191	495	8	of	of	ADP
issue-1191	495	9	the	the	DET
issue-1191	495	10	development	development	NOUN
issue-1191	495	11	of	of	ADP
issue-1191	495	12	current	current	ADJ
issue-1191	495	13	accounts	account	NOUN
issue-1191	495	14	of	of	ADP
issue-1191	495	15	the	the	DET
issue-1191	495	16	eastern	eastern	ADJ
issue-1191	495	17	european	european	ADJ
issue-1191	495	18	countries	country	NOUN
issue-1191	495	19	.	.	PUNCT
issue-1191	496	1	transition	transition	NOUN
issue-1191	496	2	studies	study	NOUN
issue-1191	496	3	review	review	VERB
issue-1191	496	4	,	,	PUNCT
issue-1191	496	5	26	26	NUM
issue-1191	496	6	(	(	PUNCT
issue-1191	496	7	2	2	NUM
issue-1191	496	8	)	)	PUNCT
issue-1191	496	9	,	,	PUNCT
issue-1191	496	10	3–14	3–14	PROPN
issue-1191	496	11	.	.	PUNCT
issue-1191	497	1	zaremba	zaremba	PROPN
issue-1191	497	2	,	,	PUNCT
issue-1191	497	3	a.	a.	PROPN
issue-1191	497	4	,	,	PUNCT
issue-1191	497	5	&	&	CCONJ
issue-1191	497	6	umutlu	umutlu	NOUN
issue-1191	497	7	,	,	PUNCT
issue-1191	497	8	m.	m.	NOUN
issue-1191	497	9	(	(	PUNCT
issue-1191	497	10	2018	2018	NUM
issue-1191	497	11	)	)	PUNCT
issue-1191	497	12	.	.	PUNCT
issue-1191	498	1	size	size	NOUN
issue-1191	498	2	matters	matter	VERB
issue-1191	498	3	everywhere	everywhere	ADV
issue-1191	498	4	:	:	PUNCT
issue-1191	498	5	decomposing	decompose	VERB
issue-1191	498	6	the	the	DET
issue-1191	498	7	small	small	ADJ
issue-1191	498	8	country	country	NOUN
issue-1191	498	9	and	and	CCONJ
issue-1191	498	10	small	small	ADJ
issue-1191	498	11	industry	industry	NOUN
issue-1191	498	12	premia	premia	NOUN
issue-1191	498	13	.	.	PUNCT
issue-1191	499	1	the	the	DET
issue-1191	499	2	north	north	ADJ
issue-1191	499	3	american	american	PROPN
issue-1191	499	4	journal	journal	PROPN
issue-1191	499	5	of	of	ADP
issue-1191	499	6	economics	economic	NOUN
issue-1191	499	7	and	and	CCONJ
issue-1191	499	8	finance	finance	NOUN
issue-1191	499	9	,	,	PUNCT
issue-1191	499	10	43	43	NUM
issue-1191	499	11	(	(	PUNCT
issue-1191	499	12	3	3	NUM
issue-1191	499	13	)	)	PUNCT
issue-1191	499	14	,	,	PUNCT
issue-1191	499	15	1–18	1–18	NUM
issue-1191	499	16	.	.	PUNCT