The Dynamics Of Market Integration Level And Its Determinants For Asean-5

Although debates on the stock market integration have emerged from academicians and practitioners, no firm conclusions about its nature and behavior have been fully drawn. While stock market integration gives a few important benefits such as fostering development of financial markets and reducing th...

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Main Author:	Yeoh, Bit Kun
Format:	Thesis
Language:	English
Published:	2011
Subjects:	QA1-939 Mathematics
Online Access:	http://eprints.usm.my/43521/1/YEOH%20BIT%20KUN.pdf
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spelling	my-usm-ep.435212019-04-12T05:26:28Z The Dynamics Of Market Integration Level And Its Determinants For Asean-5 2011-11 Yeoh, Bit Kun QA1-939 Mathematics Although debates on the stock market integration have emerged from academicians and practitioners, no firm conclusions about its nature and behavior have been fully drawn. While stock market integration gives a few important benefits such as fostering development of financial markets and reducing the cost of financial intermediation, highly integrated market may also eliminate the benefit of portfolio diversification and facilitates contagion effect. Unlike most previous studies that assumed constant level of stock market integration, this thesis employs Kalman filter (KF) technique to investigate the time-varying stock market integration level of ASEAN-5 stock markets with the world market. 2011-11 Thesis http://eprints.usm.my/43521/ http://eprints.usm.my/43521/1/YEOH%20BIT%20KUN.pdf application/pdf en public masters Universiti Sains Malaysia Pusat Pengajian Sains Matematik
institution	Universiti Sains Malaysia
collection	USM Institutional Repository
language	English
topic	QA1-939 Mathematics
spellingShingle	QA1-939 Mathematics Yeoh, Bit Kun The Dynamics Of Market Integration Level And Its Determinants For Asean-5
description	Although debates on the stock market integration have emerged from academicians and practitioners, no firm conclusions about its nature and behavior have been fully drawn. While stock market integration gives a few important benefits such as fostering development of financial markets and reducing the cost of financial intermediation, highly integrated market may also eliminate the benefit of portfolio diversification and facilitates contagion effect. Unlike most previous studies that assumed constant level of stock market integration, this thesis employs Kalman filter (KF) technique to investigate the time-varying stock market integration level of ASEAN-5 stock markets with the world market.
format	Thesis
qualification_level	Master's degree
author	Yeoh, Bit Kun
author_facet	Yeoh, Bit Kun
author_sort	Yeoh, Bit Kun
title	The Dynamics Of Market Integration Level And Its Determinants For Asean-5
title_short	The Dynamics Of Market Integration Level And Its Determinants For Asean-5
title_full	The Dynamics Of Market Integration Level And Its Determinants For Asean-5
title_fullStr	The Dynamics Of Market Integration Level And Its Determinants For Asean-5
title_full_unstemmed	The Dynamics Of Market Integration Level And Its Determinants For Asean-5
title_sort	dynamics of market integration level and its determinants for asean-5
granting_institution	Universiti Sains Malaysia
granting_department	Pusat Pengajian Sains Matematik
publishDate	2011
url	http://eprints.usm.my/43521/1/YEOH%20BIT%20KUN.pdf
_version_	1747821232490807296

The Dynamics Of Market Integration Level And Its Determinants For Asean-5

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