Dynamic linkages between the center and periphery in international stock markets

Zeynel Ozdemir (), Hasan Olgun and Bedriye Saracoglu

Research in International Business and Finance, 2009, vol. 23, issue 1, 46-53

Abstract: This paper examines the dynamic linkages between the equity market of US representing the center and emerging markets using the Granger-causality test. The findings show that causality runs from the S&P500 to the stock prices of the 15 emerging markets but not vice versa.

Keywords: Emerging; markets; Stock; markets; Granger-causality (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:23:y:2009:i:1:p:46-53

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