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Stock market Integration--An Overview

NIDA Economic Review Journal

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Field Value
 
Title Stock market Integration--An Overview
 
Creator Chancharat, Surachai
 
Description This paper has reviewed an extensive literature examining stock marketintegration. Recent empirical studies of market integration have shownincreasing interest in emerging stock markets. The results from the studies ofmarket integration have important implications for international portfoliodiversification and market efficiency. If stock markets are integrated thescope of international diversification benefits might be limited, and also theweak form of market efficiency will be violated. Econometric techniquessuch as cointegration test, factor analysis and GARCH models provide auseful tool to investigate the relationship among economic variables. In thecontext of stock market integration, these techniques can be used to examinewhether international stock markets have a tendency to move together.
 
Publisher Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)
 
Date 2009-06-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://tci-thaijo.org/index.php/NER/article/view/23118
 
Source Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์); Vol 4 No 1 (2552): NIDA Economic Review Journal; 23
1906-2540
 
Language eng
 
Relation http://tci-thaijo.org/index.php/NER/article/view/23118/19744
 
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