The Co-Movement of Stock Markets in East Asia

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Co-Movement of Stock Markets in East Asia by : Nancy Huyghebaert

Download or read book The Co-Movement of Stock Markets in East Asia written by Nancy Huyghebaert and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the integration and causality of interdependencies among seven major East Asian stock exchanges before, during, and after the 1997-1998 Asian financial crisis. For this purpose, we use daily stock market data from July 1, 1992 to June 30, 2003 in local currency as well as US dollar terms. The data reveal that the relationships among East Asian stock markets are time varying. While stock market interactions are limited before the Asian financial crisis, we find that Hong Kong and Singapore respond significantly to shocks in most other East Asian markets, including Shanghai and Shenzhen, during this crisis. After the crisis, shocks in Hong Kong and Singapore largely affect other East Asian stock markets, except for those in Mainland China. Finally, considering the role of the USA shows that it strongly influences stock returns in East Asia - except for Mainland China - in all periods, while the reverse does not hold true.

A Critical Appraisal of Studies Analyzing Co-movement of International Stock Markets with a Focus on East-Asian Indices

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (958 download)

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Book Synopsis A Critical Appraisal of Studies Analyzing Co-movement of International Stock Markets with a Focus on East-Asian Indices by : J. F. Kiviet

Download or read book A Critical Appraisal of Studies Analyzing Co-movement of International Stock Markets with a Focus on East-Asian Indices written by J. F. Kiviet and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Changing Capital Markets of East Asia

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Publisher : Routledge
ISBN 13 : 1134806159
Total Pages : 495 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The Changing Capital Markets of East Asia by : Ky Cao

Download or read book The Changing Capital Markets of East Asia written by Ky Cao and published by Routledge. This book was released on 1995-11-16 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years much attention has been given to the unparalleled economic development of East Asia. In The Changing Capital Markets of East Asia the contributors look at the growing sophistication of capital markets in this area and discuss the possible economic and political consequences. The theme of the book is more strategic than technical and

Asia’s Stock Markets from the Ground Up

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Publisher : Marshall Cavendish International Asia Pte Ltd
ISBN 13 : 9815009524
Total Pages : 274 pages
Book Rating : 4.8/5 (15 download)

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Book Synopsis Asia’s Stock Markets from the Ground Up by : Herald van der Linde

Download or read book Asia’s Stock Markets from the Ground Up written by Herald van der Linde and published by Marshall Cavendish International Asia Pte Ltd. This book was released on 2021-10-15 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: A summary of how stock markets work for those looking to invest. This book is a practical guide to Asia’s stock markets for a general audience. It is for people who do not know much about financial markets but, for whatever reason, would like to learn more. They could be seasoned expatriate pilots, academics and other professionals, newcomers in the region as well as students or young men and women about to start in the finance industry. The idea is to cut through the alphabet soup of industry jargon to provide a clear understanding of how these markets work, how they differ from each other in size and depth, what unique features each stock market has and what drives all the different sectors in these markets – consumers, the internet, banks and technology. The book includes helpful history lessons and personal anecdotes drawn from the author’s 30 years in the world of Asian investments.

The Co-movement Relationship Between Major Developed and Asian Emerging Stock Markets

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (864 download)

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Book Synopsis The Co-movement Relationship Between Major Developed and Asian Emerging Stock Markets by : Mengru Zhou

Download or read book The Co-movement Relationship Between Major Developed and Asian Emerging Stock Markets written by Mengru Zhou and published by . This book was released on 2013 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Contagion in S. E. Asia Measuring Stock Market Co-Movement

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Publisher :
ISBN 13 :
Total Pages : 22 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Contagion in S. E. Asia Measuring Stock Market Co-Movement by : Pongsak Hoontrakul

Download or read book Contagion in S. E. Asia Measuring Stock Market Co-Movement written by Pongsak Hoontrakul and published by . This book was released on 2002 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper utilizes two different approaches to examine whether there is a contagion among South East Asian economies. According to the cross-market correlation analysis, there is a contagion between Thailand, Indonesia and Philippines and market co-movements which simply cannot be explained by the fundamental linkages between these economies. A contagion is also detected by the cointegration analysis. The long-run relationship among South East Asian countries and Japan significantly changed after July 1997. Both impulse response analysis and variance decomposition confirm the changes in market co-movements. The findings suggest that multinational investment managers may need to re-design their strategies for South East Asia consistent with Tang's advise [2001]. A quick move by IMF approving Philippines' request for an extension of its Extended Fund Facility (EFF), Chieng Mei initiative on foreign exchanged swapped and others proposed by Chaipravat and Bhanich Supapol [2000] under ASEAN commission and massive financial packages to Thailand and Indonesia are among justifiable measures supported by our empirical evidence.

Co-Movement Between South Asian and Developed Equity Markets

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783847373186
Total Pages : 132 pages
Book Rating : 4.3/5 (731 download)

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Book Synopsis Co-Movement Between South Asian and Developed Equity Markets by : Searat Ali

Download or read book Co-Movement Between South Asian and Developed Equity Markets written by Searat Ali and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increased globalization among economies of the world and crisis events has brought amplified interest of academics and investors to the subject of co-movement among the stock markets of the globe. Owing to amplified connection among developed markets, the attraction of South Asian markets as an avenue for potential diversification has augmented considerably. As Investors from developed markets are looking to invest in emerging South Asian markets so there is a need to investigate the linkage between Developed and South Asian markets. This book incorporates the crisis events such as such Asian financial Crisis, US 9/11 Incident and US Global financial crisis and investigates the level of comovement between developed and South Asian markets. Is there a weak integration among South Asian and developed markets? Do South Asian markets provide better chances of international portfolio diversification as compare to developed markets? What effect these crisis have on the level of comovement among South Asian and Developed equity markets? This book is useful to get the answer of these questions.

Enhancing the Efficiency of Securities Markets in East Asia

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Enhancing the Efficiency of Securities Markets in East Asia by : Swati Ghosh

Download or read book Enhancing the Efficiency of Securities Markets in East Asia written by Swati Ghosh and published by . This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore the relative efficiency of stock markets across countries using newly available data on transactions costs and the quality of the informational environment of stock markets. These new measures are constructed from firm-level stock returns in a panel of 60 countries for the period 2000-04. The authors then develop a framework to understand the linkages between efficiency, liquidity, and their determinants. To give empirical content to the framework, they study the determinants of transactions costs and the quality of the informational environment. They find that some institutional arrangements-such as the availability of stock lending and short selling-and the openness of markets are associated with lower transactions costs. The authors also find that, although disclosure rules for directors and officers of listed firms are essential, the ability of shareholders to seek redress is more conducive to a better informational environment in stock markets. This in turn serves as the basis for the policy framework and recommendations for the East Asian region. In particular, the region needs to continue to strengthen the implementation and enforcement of corporate governance, to further enhance the market and institutional infrastructure, and focus on policy measures to foster a larger and more diversified investor base to continue to see gains in the efficiency of stock markets.

Integration of the South and East Asian Stock Markets, Return and Volatility Spillovers from US, UK, Singapore and Hong Kong Using EGARCH Model

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Publisher :
ISBN 13 : 9781854496461
Total Pages : pages
Book Rating : 4.4/5 (964 download)

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Book Synopsis Integration of the South and East Asian Stock Markets, Return and Volatility Spillovers from US, UK, Singapore and Hong Kong Using EGARCH Model by : Rashid Ameer

Download or read book Integration of the South and East Asian Stock Markets, Return and Volatility Spillovers from US, UK, Singapore and Hong Kong Using EGARCH Model written by Rashid Ameer and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crisis, Contagion, and East Asia Stock Markets

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (248 download)

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Book Synopsis Crisis, Contagion, and East Asia Stock Markets by : Tracy Su-Chin Yang

Download or read book Crisis, Contagion, and East Asia Stock Markets written by Tracy Su-Chin Yang and published by . This book was released on 2002 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Studies on Financial Markets in East Asia

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Publisher : World Scientific
ISBN 13 : 9814343374
Total Pages : 189 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Studies on Financial Markets in East Asia by : Masayuki Susai

Download or read book Studies on Financial Markets in East Asia written by Masayuki Susai and published by World Scientific. This book was released on 2011 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic growth and emerging performance of the financial markets in the East Asian countries. It introduces newly developed financial products, institutions, governance mechanism, banking policy changes and their implications in the East Asian economies, and discusses the way forward for these economies with recommendations for policy implications. It also contains suggestions for other developing countries trying to achieve rapid growth.

Asia-Pacific Financial Markets

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Publisher : Elsevier
ISBN 13 : 0762314710
Total Pages : 537 pages
Book Rating : 4.7/5 (623 download)

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Book Synopsis Asia-Pacific Financial Markets by : Suk-Joong Kim

Download or read book Asia-Pacific Financial Markets written by Suk-Joong Kim and published by Elsevier. This book was released on 2007-12-12 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.

The Effect of Volatility in U.S. and East Asian Stock Markets on the Correlation Between Them

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Publisher :
ISBN 13 :
Total Pages : 222 pages
Book Rating : 4.:/5 (969 download)

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Book Synopsis The Effect of Volatility in U.S. and East Asian Stock Markets on the Correlation Between Them by : Sivasankar Elambooranan

Download or read book The Effect of Volatility in U.S. and East Asian Stock Markets on the Correlation Between Them written by Sivasankar Elambooranan and published by . This book was released on 1998 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Selected East Asian Stock Markets in the Context of Financial Liberalisation

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (247 download)

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Book Synopsis Selected East Asian Stock Markets in the Context of Financial Liberalisation by : Tracy Su-Chin Yong

Download or read book Selected East Asian Stock Markets in the Context of Financial Liberalisation written by Tracy Su-Chin Yong and published by . This book was released on 2000 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Investigation of Asia-Pacific Stock Markets

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (595 download)

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Book Synopsis An Empirical Investigation of Asia-Pacific Stock Markets by : Su-Chin Yang

Download or read book An Empirical Investigation of Asia-Pacific Stock Markets written by Su-Chin Yang and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Asian Economic Integration and Stock Market Comovement

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Asian Economic Integration and Stock Market Comovement by : Luc A. Soenen

Download or read book Asian Economic Integration and Stock Market Comovement written by Luc A. Soenen and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Using daily returns from 1988 to 1998, we investigate to what degree twelve equity markets in Asia are integrated with Japan's equity market and examine the factors that affect the level of economic integration. We find that the equity markets of Australia, China, Hong Kong, Malaysia, New Zealand and Singapore are highly integrated with the stock market in Japan. There is also evidence for these Asian markets to become more integrated over time, especially since 1994. A higher import share as well as a greater differential in inflation rates, real interest rates and gross domestic product growth rates have negative effects on stock market comovements between country pairs. Conversely, increased export share by Asian economies to Japan and greater foreign direct investment from Japan to other Asian economies contribute to greater comovement.

Enhancing the Efficiency of Securities Markets in East Asia

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Author :
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Enhancing the Efficiency of Securities Markets in East Asia by : Swati Ghosh

Download or read book Enhancing the Efficiency of Securities Markets in East Asia written by Swati Ghosh and published by . This book was released on 2016 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors explore the relative efficiency of stock markets across countries using newly available data on transactions costs and the quality of the informational environment of stock markets. These new measures are constructed from firm-level stock returns in a panel of 60 countries for the period 2000-04. The authors then develop a framework to understand the linkages between efficiency, liquidity, and their determinants. To give empirical content to the framework, they study the determinants of transactions costs and the quality of the informational environment. They find that some institutional arrangements - such as the availability of stock lending and short selling - and the openness of markets are associated with lower transactions costs. The authors also find that, although disclosure rules for directors and officers of listed firms are essential, the ability of shareholders to seek redress is more conducive to a better informational environment in stock markets. This in turn serves as the basis for the policy framework and recommendations for the East Asian region. In particular, the region needs to continue to strengthen the implementation and enforcement of corporate governance, to further enhance the market and institutional infrastructure, and focus on policy measures to foster a larger and more diversified investor base to continue to see gains in the efficiency of stock markets.