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This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate (industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised as follows. In the pre-2008 crisis period, no...
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economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative …
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This paper considers the central bank mandate with respect to financial stability and identifies the links to the …
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