UNDERSTANDING ASIAN EMERGING STOCK MARKETS
نویسندگان
چکیده
منابع مشابه
The relationship between stock markets of major developed countries and Asian emerging markets
With the emergence of new capital markets and liberalization of stock markets in recent years, there has been an increase in investors’ interest in international diversification. This is so because international diversification allows investors to have a larger basket of foreign securities to choose from as part of their portfolio assets, so as to enhance the reward-to-volatility ratio. This be...
متن کاملLong Memory in Stock Returns: A Study of Emerging Markets
The present study aimed at investigating the existence of long memory properties in ten emerging stock markets across the globe. When return series exhibit long memory, it indicates that observed returns are not independent over time. If returns are not independent, past returns can help predict future returns, thereby violating the market efficiency hypothesis. It poses a serious challenge to ...
متن کاملThe tail risk of emerging stock markets
Article history: Received 7 August 2009 Received in revised form 10 September 2009 Accepted 10 September 2009 Available online 19 September 2009 We investigate tail risk in emerging stock markets at the country, regional and world levels, by comparing the investable and noninvestable segments in terms of the expected shortfall of standardized returns and tail dependence on the world market. Emp...
متن کاملStock Return Volatility in Emerging Markets
This paper presents an empirical analysis of volatility and contagion across 19 emerging and developed stock markets in the 1990s. First, using an efficient estimate of unconditional stock return volatility we show that contemporaneous return and volatility correlation across stock markets have increased substantially in the 1990s. Second, using simple rolling regressions and goodness of fit me...
متن کاملConfidence Building in Emerging Stock Markets
Confidence Building in Emerging Stock Markets* Investor confidence in reliable property rights and stable, market-oriented policies are a necessary condition for financial integration and the development of emerging stock markets. Announced market-oriented policies may be reversed, however, and are initially not fully credible. We argue that sustained privatization and liberalization programmes...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Buletin Ekonomi Moneter dan Perbankan
سال: 2019
ISSN: 2460-9196,1410-8046
DOI: 10.21098/bemp.v0i0.983