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Using both quantity- and price-based measures of financial integration, this paper shows an increasing degree of financial openness and integration in emerging Asian markets. This paper also assesses the impact of a regional shock relative to a global shock on local equity and bond markets. The...
Persistent link: https://www.econbiz.de/10010507508
countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of … increased significantly in the post-crisis period, suggesting "recoupling", rather than decoupling, in recent years. Output …
Persistent link: https://www.econbiz.de/10010507472