Fig. 2d - Stock market covariance of weekly returns
(Asia; 3 month exp. moving average)
Brazil Mexico
USA
Argentina
0.56 -∣-
0.48 -
0.40 -
0.32 -
0.24 -
0.16 -
0.08 -
0.00 --
-0.08 --
Brazil
1994 1995 1996 1997 1998 1999
Mexico
Russia
1994 1995 1996 1997 1998 1999
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