Financial crisis and African stock market integration

Z. Wang, Jian Yang () and David Bessler ()

Applied Economics Letters, 2003, vol. 10, issue 9, 527-533

Abstract: This article examines long-run relationships and short-run dynamic causal linkages among the five largest emerging African stock markets and the US market, with particular attention to the 1997-1998 global emerging market crisis. In general, interdependence between the African markets and the influence of the US on these markets was limited during 1996-2002. There is evidence that both long-run relationships and short-run causal linkages between these markets were substantially weakened after the crisis.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:10:y:2003:i:9:p:527-533

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DOI: 10.1080/1350485032000100198

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