haku: @author Bekaert, G. / yhteensä: 14
viite: 5 / 14
| Tekijä: | Bekaert, G. Harvey, C. R. Lumsdaine, R. L. |
| Otsikko: | Dating the integration of world equity markets |
| Lehti: | Journal of Financial Economics
2002 : AUG, VOL. 65:2, p. 203-247 |
| Asiasana: | Market research Market structure Liberalization Portfolio management |
| Kieli: | eng |
| Tiivistelmä: | Regulatory changes that appear comprehensive will have little impact on the functioning of a developing market if they fail to lead to foreign portfolio inflows. The authors specify a reduced-form model for a number of financial time series and search for a common, endogenous break in the data generating process. They find that the endogenous dates are usually later than official dates, highlighting the important distinction between market liberalization and market integration. |
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