Global and Regional Financial Integration in Emerging Asia: Evidence from Stock Markets

Theory and Evidence..... Regional Integration of Stock Markets in Asia Pacific Countries by

“Volatility Transmission between the stock and Currency Markets in Emerging Asia: the Impact of the Global Financial Crisis”

This paper examines volatility spillovers between the stock and currency markets of ten Asian economies in the period 2003 to 2014. To carry out this analysis, a multivariate asymmetric GARCH model is used. In general, our results present evidence of bidirectional volatility spillovers between both markets, independently of the individual country’s level of development. Additionally, our findin...

Regional Inter-dependence among National Stock Markets: Evidence from Asia and Europe

In this paper we study the nature of regional inter-dependence among selected Asian stock markets and contrast it with that among selected European markets before and during the Asian crisis. We ask if the Asian crisis marked any fundamental change in the basic nature of these relationships. Using daily dollar-denominated returns data from eight East Asian and eight European stock markets, we s...

Financial integration and emerging markets capital structure

0378-4266/$ see front matter 2010 Published by doi:10.1016/j.jbankfin.2010.10.017 ⇑ Corresponding author at: School of Business an Integration Studies, Trinity College Dublin, College G +353 1 8961522; fax: +353 1 6799503. E-mail addresses: [email protected] (B.M. Lucey), qzha This paper investigates the impact of country-level financial integration on corporate financing choices in emerging econom...

Long Memory in emerging markets: evidence from Chinese Stock Market

Chaoqun Ma a Hongquan Li b,*1 Lin Zou (a College of Business Administration, Hunan University, Changsha, P.R.China, 410082) (b School of Business, Hunan Normal University, Changsha, P.R.China, 410081) Abstract: The notion of long memory, or long-term dependence, has received considerable attention in empirical finance. This paper makes two main contributions. First, the paper aims to provide ev...