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Prospects for International Portfolio Diversification: Linkages Between the Ghanaian Equity Market and the World's Major Markets

Alhassan, Abdulsalam - In: The African Finance Journal 8 (2006) 1, pp. 1-13

Despite increased co-movements in stock performance among developed economies, international portfolio investors have failed to diversify into African stock markets. Is the persistence of home bias in equities due to a possibility that African markets move in tandem with the rest of the world?...

Persistent link: https://www.econbiz.de/10008503541

The impact of NAFTA on North American stock market linkages

Lahrech, Abdelmounaim; Sylwester, Kevin - In: The North American Journal of Economics and Finance 25 (2013) C, pp. 94-108

Past research considered effects of trade or trade agreements on equity market linkages across countries. We investigate the impact of NAFTA on U.S., Canadian, and Mexican equity market linkages from December 1988 to July 2006. We employ a dynamic conditional correlation model to the stock...

Persistent link: https://www.econbiz.de/10010679166

Do U.S. macroeconomic surprises influence equity returns? An exploratory analysis of developed economies

Singh, Manohar; Nejadmalayeri, Ali; Lucey, Brian - In: The Quarterly Review of Economics and Finance 53 (2013) 4, pp. 476-485

Given the dominant role the U.S. economy plays in global trade, we explore how U.S. macroeconomic surprises affect stock markets in ten major developed economies as well as in China and India. We do not find strong enough evidence to conclude that U.S. macro shocks materially and consistently...

Persistent link: https://www.econbiz.de/10010718824

Attracting Foreign Direct Investment

Gould, David M.; Tan, Congyan; Emamgholi, Amir S. Sadeghi - In: South Asia Economic Journal 15 (2014) 2, pp. 133-174

Like many other developing countries, South Asian nations have been experiencing increased foreign direct investment inflows over the past decade as developing countries get a larger share of cross-border investments that were once sent to developed countries. Nonetheless, South Asiaâ€™s...

Persistent link: https://www.econbiz.de/10011135988

Trade Credit and International Return Comovement

Albuquerque, Rui; Ramadorai, Tarun; Watugala, Sumudu - C.E.P.R. Discussion Papers - 2011

We examine trade credit links between firms as a channel of international return comovement. We model firms in different countries connected by trade credit links in segmented stock markets with asymmetrically informed investors. The model predicts that the cross-serial correlation of country...

Persistent link: https://www.econbiz.de/10008854544

The European Union, the Euro, and equity market integration

Bekaert, Geert; Harvey, Campbell R.; Lundblad, Christian T. - In: Journal of Financial Economics 109 (2013) 3, pp. 583-603

Euro was not associated with increased integration. Our results do not change when the sample is extended to include the …

Persistent link: https://www.econbiz.de/10010681720

Interest rate sensitivity of the European stock markets before and after the euro introduction

Korkeamäki, Timo - In: Journal of International Financial Markets, … 21 (2011) 5, pp. 811-831

Introduction of the euro altered corporate financing markets for the euro zone firms in an unprecedented way. Since … 1999, firms from the euro zone countries are able to raise funds in their home currency in the large common currency market … changes prior to the euro, that correlation has disappeared since 1999. My results reveal that recent growth in European …

Persistent link: https://www.econbiz.de/10011041511

Currency competition between the dollar and euro: Evidence from exchange rate behaviors

Eun, Cheol S.; Kim, Soo-Hyun; Lee, Kyuseok - In: Finance Research Letters 12 (2015) C, pp. 100-108

of the 25 sampled floating currencies, excluding the US dollar and euro, there has been a noticeable decrease in the … ratio of a currency’s distance from the euro to its distance from the dollar during the period from 1999 to 2013. Evidence … that exchange risk has increased substantially is also found for dollar-based agents, while it has decreased for euro …

Persistent link: https://www.econbiz.de/10011191193

Testing the differences of world stock markets (1975-2009)

Filho, Elmo Tambosi; Garcia, Fabio Gallo; Moreiras, … - In: International Journal of Economics and Accounting 1 (2010) 4, pp. 349-359

This study investigates the differences observed on stock returns before and after the opening of emerging markets. The stock returns from emerging and non-emerging countries were examined with the aim to identify if there is a co-integration between markets during the period of December 1975...

Persistent link: https://www.econbiz.de/10009352556

The 2007 global financial crisis and the Malaysian stock market: a sectoral analysis

Kassim, Salina H.; Majid, M. Shabri Abd.; Hamid, Zarinah - In: Afro-Asian Journal of Finance and Accounting 2 (2011) 3, pp. 185-209

The study assesses the impact of the 2007 US sub-prime crisis on the Malaysian stock market by analysing both the benchmark and sectoral indices. Specifically, it empirically examines the integration of the Malaysian, US and Japanese stock markets at the sectoral level, such as finance,...

Persistent link: https://www.econbiz.de/10009352984

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