Stock Market Movements And Linkages Between Emerging Markets In Asia And Developed Market Indices PDF Download
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| Author | : Kasilingam Lingaraja |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
Download Stock Market Movements and Linkages Between Emerging Markets in Asia and Developed Market Indices Book in PDF, ePub and Kindle
This research paper investigates the stock market movements and linkages between the Asian emerging markets (China, India, Indonesia, Korea, Malaysia, Philippines, Taiwan and Thailand) and two developed markets (i.e. USA and Japan). This study employs the statistical application of descriptive statistics, unit root test, correlation and pairwise granger causality test. The study used daily data from 01st January, 2005 to 31st December, 2014, to examine both short-run (year wise) and long-run (whole study period) movements and linkages between Asian emerging stock markets and two developed stock markets. The presence of short-run relationship and absence of a strong long-run relationship, among these markets, were found. The short run (year wise) and long run movements and linkages have important implications for investors, risk managers and regulators. It is found that Indian stock market experienced less movements with developed markets (USA and JAPAN). This study also suggested that India's stock market is largely protected from global events i.e., 2007-2008. The sample stock markets of these eight countries of Asian emerging markets provide attractive diversification opportunities, for international portfolio investors during the long run period. All the eight countries of Asian emerging markets provide attractive diversification opportunities for international portfolio investors, over a long period.
| Author | : Kasilingam Lingaraja |
| Publisher | : |
| Total Pages | : 24 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
Download Movements and Linkages Between Emerging Stock Market Indices with Currency Returns Book in PDF, ePub and Kindle
The aim of this study is to investigate the co-movements and dynamic linkages, between stock prices in emerging equity markets and exchange rates in currency markets of Asia, for eight countries, namely, China, India, Indonesia, Korea, Malaysia, Philippines, Taiwan and Thailand, by estimating correlation and granger causality tests, with 15 years daily returns for the period from 1st January, 2002 to 31st December, 2016. This research study focussed on currency rate returns, which were evaluated against respective Stock market indices of Asian emerging markets. It applied different statistical tools to analyze the obtained data. The research study also analyzes the causal relationship between the time series data, pertaining to currency and sample stock indices of Asian countries. The study found no correlation between indices and exchange rate returns of countries of Asia, though very weak relationship did exists, except China and Indonesia. The result indicated the non-existence of linkages and movements between the exchange rate and stock market index, under sample emerging countries in Asia, during the period under study.
| Author | : Mohammed El Hedi Arouri |
| Publisher | : Academic Press |
| Total Pages | : 927 |
| Release | : 2013-12-26 |
| Genre | : Business & Economics |
| ISBN | : 0124115632 |
Download Emerging Markets and the Global Economy Book in PDF, ePub and Kindle
Emerging Markets and the Global Economy investigates analytical techniques suited to emerging market economies, which are typically prone to policy shocks. Despite the large body of emerging market finance literature, their underlying dynamics and interactions with other economies remain challenging and mysterious because standard financial models measure them imprecisely. Describing the linkages between emerging and developed markets, this collection systematically explores several crucial issues in asset valuation and risk management. Contributors present new theoretical constructions and empirical methods for handling cross-country volatility and sudden regime shifts. Usually attractive for investors because of the superior growth they can deliver, emerging markets can have a low correlation with developed markets. This collection advances your knowledge about their inherent characteristics. Foreword by Ali M. Kutan Concentrates on post-crisis roles of emerging markets in the global economy Reports on key theoretical and technical developments in emerging financial markets Forecasts future developments in linkages among developed and emerging economies
| Author | : Mohamed El Hedi Arouri |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 214 |
| Release | : 2009-12-24 |
| Genre | : Business & Economics |
| ISBN | : 3790823899 |
Download The Dynamics of Emerging Stock Markets Book in PDF, ePub and Kindle
Emerging markets have received a particular attention of academic researchers and practitioners since they decided to open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and size under the effects of financial liberalization and reforms. This evolving feature has particularly led to a commensurate increase in sophistication of modeling techniques used for understanding financial markets. In this spirit, the book aims at providing the audience a comprehensive understanding of emerging stock markets in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. On the other hand, it presents and discusses new research findings and their implications.
| Author | : Ayaz Ahmed |
| Publisher | : |
| Total Pages | : 56 |
| Release | : 1998 |
| Genre | : Capital assets pricing model |
| ISBN | : |
Download Stock Market Interlinkages in Emerging Markets Book in PDF, ePub and Kindle
| Author | : Sabur Mollah |
| Publisher | : Springer |
| Total Pages | : 172 |
| Release | : 2016-02-10 |
| Genre | : Business & Economics |
| ISBN | : 1137367547 |
Download Global Stock Market Integration Book in PDF, ePub and Kindle
Stock market integration between developing and emerging markets has numerous benefits for creating a global - yet stable - world economy. It increases competition and the efficiency of local markets, in turn reducing price volatility and the cost of capital among integrated markets. It also generates capital flows, which enhance financial stability and spur economic growth. At its core, stock market integration has an important role to play in both developing and emerging markets still reeling from the global financial crisis. Global Stock Market Integration analyzes the financial makeup of developing and emerging markets around the world, providing empirical insights into market integration, co-movements in price, crises, and efficiency linkages. Mobarek and Mollah argue that the relationship between market integration and market efficiency within developing and emerging countries is not the only measure necessary for effecting real financial growth. This work brings the review of theories and empirical research on the topic up-to-date and expands the existing literature with new perspectives on developed and emerging markets.
| Author | : Abiy Hailemariam Gebereselassie |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 56 |
| Release | : 2012 |
| Genre | : |
| ISBN | : 9783659225734 |
Download Stock Market Development and Economic Growth Book in PDF, ePub and Kindle
Contemporary economies of developing countries are changing due to rapid changes in the world economy. The economies of emerging market countries are witnessing changes in the composition of capital flows because world stock markets are expanding rapidly. Foreign direct investment and stock market boom are the indicators of the changing world economic order. Hence, Stock market has been associated with economic growth through its role as source for new private capital. On the other hand, stock market development is the catalyst for economic growth. The purpose of this study examines the relationship between stock market development and economic Growth. Empirically, based on the data for Emerging market and developed market countries during the 10 years' period, from 1999 - 2008 using the generalized method of moments (GMM) for dynamic panel method approach. To control for the country specific effect, the model is further estimated for the developed and emerging member countries.
| Author | : Suk-Joong Kim |
| Publisher | : Elsevier |
| Total Pages | : 537 |
| Release | : 2007-12-12 |
| Genre | : Business & Economics |
| ISBN | : 0762314710 |
Download Asia-Pacific Financial Markets Book in PDF, ePub and Kindle
This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.
| Author | : Srinivasan Palamalai |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download Stock Market Linkages in Emerging Asia-Pacific Markets Book in PDF, ePub and Kindle
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 | : Searat Ali |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 132 |
| Release | : 2012 |
| Genre | : Financial crises |
| ISBN | : 9783847373186 |
Download Co-Movement Between South Asian and Developed Equity Markets Book in PDF, ePub and Kindle
Increased globalization among economies of the world and crisis events has brought amplified interest of academics and investors to the subject of co-movement among the stock markets of the globe. Owing to amplified connection among developed markets, the attraction of South Asian markets as an avenue for potential diversification has augmented considerably. As Investors from developed markets are looking to invest in emerging South Asian markets so there is a need to investigate the linkage between Developed and South Asian markets. This book incorporates the crisis events such as such Asian financial Crisis, US 9/11 Incident and US Global financial crisis and investigates the level of comovement between developed and South Asian markets. Is there a weak integration among South Asian and developed markets? Do South Asian markets provide better chances of international portfolio diversification as compare to developed markets? What effect these crisis have on the level of comovement among South Asian and Developed equity markets? This book is useful to get the answer of these questions.
