In this paper we examine integration between emerging and U.S. debt and equity markets. We first investigate price changes around significant "events," in this case changes in short-term U.S. interest rates brought about by actions of the Federal Reserve. Second, we estimate the predictability...

In this paper we examine integration between emerging and U.S. debt and equity markets. We first investigate price changes around significant "events," in this case changes in short-term U.S. interest rates brought about by actions of the Federal Reserve. Second, we estimate the predictability...

In this paper we examine integration between emerging and U.S. debt and equity markets. We first investigate price changes around significant quot;events,quot; in this case changes in short-term U.S. interest rates brought about by actions of the Federal Reserve. Second, we estimate the...