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The Relationship between the Movements of Capital Markets in Developed Economies and Their Emerging Market Counterparts in The Asian Paciic Region

Indonesian Capital Market Review

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Title The Relationship between the Movements of Capital Markets in Developed Economies and Their Emerging Market Counterparts in The Asian Paciic Region
 
Creator Noor Azlinna Azizan; Institute of Mathematical Sciences, University of Malaya
Zamri Ahmad; Institute of Mathematical Sciences, University of Malaya
 
Subject Capital Market
 
Description This research revisits at the relationship between the movements of capital markets in developed  economies  and  their  emerging  market  counterparts  in  the  Asian  Paciic  region using market indices of the American, British, Malaysian, Singaporean, Mainland Chinese, Hong Kong Special Administrative Region (SAR), Indian, Japanese and Australian markets for  the  periods  1997  to  2007.  The  Johansen's  Cointegration  Test,  and  Vector  Correction Model  Test  were  used  to  determine  the  long  term  relationship  between  the  markets.  This study inds that the Asian markets are very much inluenced by the events in the United States rather  than  other  developed  markets.  Of  all  the  markets  being  surveyed,  The  South  East Asian markets are the most sensitive towards events in their own region and regions outside themselves. Mainland China in the long run is not affected by events outside themselves.  activate javascript
 
Publisher Management Research Center, Department of Management, Faculty of Economics and Business, U
 
Contributor —
 
Date 2014-08-26
 
Type Peer-reviewed Article
 
Format application/mbox
 
Identifier http://journal.ui.ac.id/index.php/icmr/article/view/3651
 
Source Indonesian Capital Market Review; Vol 1, No 2 (2009): July 2009
 
Language en