Testing for international financial markets integration

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dc.contributor.author Figueira, Catarina en_UK
dc.contributor.author Nellis, Joseph G. en_UK
dc.contributor.author Parker, David en_UK
dc.date 2005 en_UK
dc.date.accessioned 2005-11-23T10:26:47Z
dc.date.available 2005-11-23T10:26:47Z
dc.date.issued 2005-05-31T20:29:56Z en_UK
dc.identifier.issn 1859051715 en_UK
dc.identifier.uri http://hdl.handle.net/1826/852
dc.description.abstract This paper examines the extent to which financial markets across the main international financial centres integrated between 1988 and 2001 in the face of technological change and capital market liberalisation. Two empirical approaches are adopted based on principal components analysis and cointegration tests, applied respectively to covered interest rate differentials and real interest rates.. The results suggest that some financial integration occurred during the 1990s but that integration is far from complete at the international level. The study also confirms differing trends in the integration of financial markets in different geographical regions. en_UK
dc.description.sponsorship School of Management en_UK
dc.format.extent 1944 bytes
dc.format.extent 403217 bytes
dc.format.mimetype text/plain
dc.format.mimetype application/pdf
dc.language.iso en_UK en_UK
dc.relation.ispartofseries School of Management Working Papers;2/05 en_UK
dc.relation.ispartofseries SWP;2/05 en_UK
dc.subject.other International finance en_UK
dc.subject.other Financial markets en_UK
dc.subject.other Integration en_UK
dc.subject.other Principal components analysis en_UK
dc.subject.other Cointegration test en_UK
dc.title Testing for international financial markets integration en_UK
dc.type Working Paper en_UK

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