کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
964714 | 930592 | 2008 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Financial integration, economic instability and trade structure in emerging markets
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله

چکیده انگلیسی
In this study, we estimate the level of financial integration using a multivariate GARCH(1,1)-M return generating model allowing for partial market integration as well as for the pricing of systematic emerging market risk. We find that emerging markets still remain to a large extent segmented and that financial integration has decreased during the financial crises of the 1990s. We next investigate the relationship between a country's trade concentration and its level of financial integration. We find that countries with an undiversified trade structure have more integrated financial markets. Finally, our results suggest that countries less open to trade are more segmented.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 27, Issue 4, June 2008, Pages 654-675
Journal: Journal of International Money and Finance - Volume 27, Issue 4, June 2008, Pages 654-675
نویسندگان
Anthony Chambet, Rajna Gibson,