Hidden Bibliographic Details
| Other authors / contributors: | Kumar, Manmohan S., author.
McDermott, C. John, author.
International Monetary Fund. Research Department, issuing body.
International Monetary Fund. Middle Eastern Department, issuing body.
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| ISBN: | 1462339832
9781462339839
1455200085
9781455200085
1282026690
9781282026698
1455240338
9781455240333
9786613796431
6613796433
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| Notes: | Includes bibliographical references (pages 44-47).
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.
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| Summary: | Annotation This paper investigates empirically the degree of international integration of industrial and emerging country equity markets. It analyzes two issues: first, the extent to which equity prices have tended to move similarly across countries and regions in the long run; and second, the strength of cross-country contagion effects. the papers findings suggest that both intra-regional and inter-regional linkages across national equity markets have strengthened in recent years. In addition, using impulse response functions, the paper shows that cross-country contagion effects of country-specific shocks dissipate in a matter of weeks while contagion effects of global shocks take several months to unwind themselves.
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| Other form: | Print version: Cashin, Paul. International integration of equity markets and contagion effects. [Washington, D.C.] : International Monetary Fund, Research and Middle Eastern Departments, ©1995
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