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Read online Global Stock Market Integration : Co-Movement, Crises, and Efficiency in Developed and Emerging Markets PDF, MOBI, EPUB

9781137397188
English

1137397187
Stock market integration between developing and emerging markets has numerous benefits for creating a global - yet stable - world economy. It increases competition and the efficiency of local markets, in turn reducing price volatility and the cost of capital among integrated markets. It also generates capital flows, which enhance financial stability and spur economic growth. At its core, stock market integration has an important role to play in both developing and emerging markets still reeling from the global financial crisis. Global Stock Market Integration analyzes the financial makeup of developing and emerging markets around the world, providing empirical insights into market integration, co-movements in price, crises, and efficiency linkages. Mobarek and Mollah argue that the relationship between market integration and market efficiency within developing and emerging countries is not the only measure necessary for effecting real financial growth. This work brings the review of theories and empirical researchon the topic up-to-date and expands the existing literature with new perspectives on developed and emerging markets., The book covers an in-depth critical analysis of existing literature and empirically investigates and presents a detailed comparison between developed and emerging markets in terms of integration, efficiency, and causality during crisis.

Read book Global Stock Market Integration : Co-Movement, Crises, and Efficiency in Developed and Emerging Markets by Sabur Mollah MOBI, FB2, DJV