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- W3124394204 abstract "This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move similarly across countries and regions in the long run; and second, the strength of cross-country “contagion” effects. The paper’s findings suggest that both intra-regional and inter-regional linkages across national equity markets have strengthened in recent years. In addition, using impulse response functions, the paper shows that cross-country contagion effects of country-specific shocks dissipate in a matter of weeks while contagion effects of global shocks take several months to unwind themselves." @default.
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- W3124394204 date "1995-11-01" @default.
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- W3124394204 title "International Integration of Equity Markets and Contagion Effects" @default.
- W3124394204 doi "https://doi.org/10.5089/9781451853285.001.a001" @default.
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