Price Interdependence Among Equity Markets in the Asia-Pacific Region PDF Download
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Author: Eduardo Roca
Publisher: Routledge
ISBN: 1000160378
Category : Social Science
Languages : en
Pages : 115
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Book Description
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
Author: Eduardo D Roca
Publisher: Routledge
ISBN: 1351786210
Category : Social Science
Languages : en
Pages : 269
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Book Description
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
Author: Wan Mansor Mahmood
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This paper examines the short-run and long-run price interdependence among the Asian Pacific equity markets in the period surrounding the Asian financial crisis. The daily data from January 1997 to December 2000 composed of value weighted equity market indices for Malaysian, Japan, Hong Kong and Australia are used. The unit root test, cointergration test, error correction model and the causality tests are conducted to examine the relationship among these markets. Our results show that there is a stationary long-run relationship and a significant short-run causal linkage for certain cases among Asian Pacific equity markets. Furthermore, the long-run interdependence has strengthened since the onset of the crises. The causal relationships that exist between the developed, and emerging equity markets, suggest that opportunities for international portfolio diversification in Asian Pacific equity markets still exist.
Author: Richard Heaney
Publisher:
ISBN:
Category : Mathematical models
Languages : en
Pages : 36
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Book Description
Author: Su-Chin Yang
Publisher:
ISBN:
Category : Investments
Languages : en
Pages :
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Book Description
Author: Andrew Worthington
Publisher:
ISBN:
Category : Stocks
Languages : en
Pages : 20
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Book Description
Author: Herald van der Linde
Publisher: Marshall Cavendish International Asia Pte Ltd
ISBN: 9815009524
Category : Business & Economics
Languages : en
Pages : 274
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Book Description
A summary of how stock markets work for those looking to invest. This book is a practical guide to Asia’s stock markets for a general audience. It is for people who do not know much about financial markets but, for whatever reason, would like to learn more. They could be seasoned expatriate pilots, academics and other professionals, newcomers in the region as well as students or young men and women about to start in the finance industry. The idea is to cut through the alphabet soup of industry jargon to provide a clear understanding of how these markets work, how they differ from each other in size and depth, what unique features each stock market has and what drives all the different sectors in these markets – consumers, the internet, banks and technology. The book includes helpful history lessons and personal anecdotes drawn from the author’s 30 years in the world of Asian investments.
Author: Arie Dekker
Publisher:
ISBN:
Category : Capital market
Languages : en
Pages : 80
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Book Description
Author: SeiWan Kim
Publisher:
ISBN:
Category :
Languages : en
Pages : 62
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Book Description
We provide new evidence on the relationship between bilateral trade and stock market performance over Asia-Pacific region. Using three regional blocs in Asia-Pacific region - the Far Eastern bloc, the Chinese bloc, and the Australian bloc, we examine two main questions: whether trade linkages between countries affect stock returns of trading partners and whether stock markets of trading partners are interdependent. By incorporating two distinct dynamic properties of regime shifting and cointegration in intra-regional trade and stock market index, we employ a newly suggested multi-variable smooth transition autoregressive vector error correction model (STAR-VECM). A series of STAR-based tests reveals the evidence that bilateral trade significantly Granger-causes stock returns in Asia-Pacific region with the effect varying over regime changes. Among three blocs, Far Eastern bloc displays the most pronounced complementary relationship between trade growth and stock returns compared to other blocs. We also find evidence of stock market synchronization within each region.
Author: Srinivasan Palamalai
Publisher:
ISBN:
Category :
Languages : en
Pages : 16
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Book Description
This study examines the stock market integration among major stock markets of emerging Asia-Pacific economies, viz. India, Malaysia, Hong Kong, Singapore, South Korea, Taiwan, Japan, China, and Indonesia. The Johansen and Juselius multivariate cointegration test, Granger causality/Block exogeneity Wald test based on the vector error correction model (VECM) approach, and variance decomposition analysis were used to investigate the dynamic linkages between markets. Cointegration test confirmed a well-defined long-run equilibrium relationship among the major stock markets, implying that there exists a common force, such as arbitrage activity, which brings these stock markets together in the long run. The results of Granger causality/Block exogeneity Wald test based on VECM and variance decomposition analysis revealed the stock market interdependencies and dynamic interactions among the selected emerging Asia-Pacific economies. This result implies that investors can gain feasible benefits from international portfolio diversification in the short run. On the whole, the study results suggest that although long-term diversification benefits from exposure to these markets might be limited, short-run benefits might exist due to substantial transitory fluctuations.
Author: Eduardo Roca
Publisher: Routledge
ISBN: 1000114023
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
