Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Research Department.
|
|---|
| ISBN: | 1455219150
9781455219155
1462382185
9781462382187
1455283843
9781455283842
1282108255
9781282108257
9786613801609
6613801607
|
|---|
| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Includes bibliographical references (pages 25-27).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | This paper investigates the extent to which financial markets in the Pacific Basin Region have become more integrated, by analyzing the comovements of real interest rates. The paper uses cointegration and error correction models and draws inferences on the degree of capital market integration by looking at the speed of adjustment of real interest rates following a shock. The results show that there has been an increase in capital market integration with both U.S. and Japan during the 1980s. Japan has not, however, overtaken U.S. in dominating the financial markets of these countries, except possibly in the case of Malaysia. Capital market integration is found to be greater in Singapore, Hong Kong and Taiwan Province of China. On the other hand, Japan is the least integrated country with the United States.
|
|---|
| Other form: | Print version: Phylaktis, Kate. Capital market integration in the Pacific Basin region. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1995
|
|---|
| Standard no.: | 10.5089/9781455219155.001
|
|---|
