BRAILSFORD, T. J.; PENM, J. H. W.; TERRELL, R. D. - In: International Journal of Theoretical and Applied … 09 (2006) 04, pp. 483-501
In this paper cointegrating relations between six East and Southeast Asian markets relative to a base cluster of three global markets are investigated in the framework of zero-non-zero (ZNZ) patterned vector error-correction modelling (VECM). The analysis focuses upon market relations both...