Global Stock Market Integration

Co-Movement, Crises, and Efficiency in Developed and Emerging Markets
1. Auflage 2015
ISBN: 978-1-137-39718-8
Verlag: Palgrave MacMillan Us

Buch, Englisch, 162 Seiten, Format (B × H): 140 mm x 218 mm, Gewicht: 3305 g

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. 

Zielgruppe

Research

Autoren/Hrsg.

Mollah, Sabur

Mobarek, Asma

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Anlagen & Wertpapiere
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets

Inhaltsverzeichnis

1. Introduction
2. Market Efficiency in Emerging Markets: Evidence from Africa and Central European Markets
3. Market Integration in Developed and Emerging Markets
4. Determinants of Market Integration in Developed and Emerging Markets
5. Market Integration and Causality in Developed and Emerging Markets During Crisis
6. Conclusion

Über Autor(innen)

Asma Mobarek is Associate Professor in the Stockholm Business School at Stockholm University, Sweden. She also worked in the University of Botswana and University of Dhaka, Bangladesh, in her early career. Her research interests are in market efficiency, market integration, and co-movement.

Sabur Mollah is Associate Professor of Finance at Stockholm Business School at Stockholm University, Sweden. He previously taught at Leeds University, UK; University of Dhaka, Bangladesh; and University of Botswana. His current research focuses on market contagion and co-integration during crisis and the failure of corporate governance in large banks during global crisis.