Are the Asian Equity Markets more Interdependent after the Financial Crisis?

Elif Akben Selçuk (), Gökhan Özertan () and Aslýhan D. Spaulding ()
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Gökhan Özertan: Boðaziçi University
Aslýhan D. Spaulding: Illinois State University, Normal

Economics Bulletin, 2008, vol. 6, issue 16, 1-7

Abstract: This paper examines the impact of the 1997 Asian Financial Crisis on the linkages between the Singapore and five Asian-Pacific stock markets. We show that the interdependence between these markets has intensified after the crisis. Before the crisis, only the Malaysian stock market is found to be cointegrated with Singapore. However, after the onset of the crisis, the stock markets of Hong Kong, Japan, Malaysia and the US are found to be cointegrated with the Singapore stock market.

JEL-codes: F3 (search for similar items in EconPapers)
Date: 2008-04-21
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-08f30013

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