| Sign In to gain access to subscriptions and/or personal tools. |
Financial Market IntegrationThe Indian ExperienceBappaditya Mukhopadhyay is at the India Development Foundation,Gurgaon, India. E-mail: mbappa{at}idfresearch.org In this paper we address some key issues regarding financial market integration. We consider regional indices, country indices as well as sectoral indices for the period 1995–2008. Our main findings are: one, market integration is more prominent among markets, which are at comparable development stage; two, market integration is mostly lead by developed markets; and three, the emerging markets are more vulnerable than the developed markets during times of distress.
Key Words: Stock market integration financial distress JEL Classification: G01 JEL Classification: G15
Review of Market Integration, Vol. 1, No. 1,
37-60 (2009) |
||||