Global Stock Market Integration: Co-movement, Crises, And Efficiency In Developed And Emerging Markets
by Sabur Mollah /
2015 / English / PDF
2.3 MB Download
Stock market integration between developing and emerging markets
has numerous benefits for creating a global - yet stable - world
economy. It increases competition and the efficiency of local
markets, in turn reducing price volatility and the cost of capital
among integrated markets. It also generates capital flows, which
enhance financial stability and spur economic growth. At its core,
stock market integration has an important role to play in both
developing and emerging markets still reeling from the global
financial crisis.
Stock market integration between developing and emerging markets
has numerous benefits for creating a global - yet stable - world
economy. It increases competition and the efficiency of local
markets, in turn reducing price volatility and the cost of capital
among integrated markets. It also generates capital flows, which
enhance financial stability and spur economic growth. At its core,
stock market integration has an important role to play in both
developing and emerging markets still reeling from the global
financial crisis.
Global Stock Market Integration analyzes the financial makeup of
developing and emerging markets around the world, providing
empirical insights into market integration, co-movements in price,
crises, and efficiency linkages. Mobarek and Mollah argue that the
relationship between market integration and market efficiency
within developing and emerging countries is not the only measure
necessary for effecting real financial growth. This work brings the
review of theories and empirical research on the topic up-to-date
and expands the existing literature with new perspectives on
developed and emerging markets.
Global Stock Market Integration analyzes the financial makeup of
developing and emerging markets around the world, providing
empirical insights into market integration, co-movements in price,
crises, and efficiency linkages. Mobarek and Mollah argue that the
relationship between market integration and market efficiency
within developing and emerging countries is not the only measure
necessary for effecting real financial growth. This work brings the
review of theories and empirical research on the topic up-to-date
and expands the existing literature with new perspectives on
developed and emerging markets.
