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 research on the topic up-to-date and expands the existing literature with new perspectives on developed and emerging markets.
|Publisher:||Palgrave Macmillan US|
|Edition description:||1st ed. 2015|
|Product dimensions:||5.51(w) x 8.50(h) x 0.02(d)|
About the Author
Asma Mobarek is Associate Professor in the Stockholm Business School at Stockholm University, Sweden. She also worked in the University of Botswana and University of Dhaka, Bangladesh, in her early career. Her research interests are in market efficiency, market integration, and co-movement.
Sabur Mollah is Associate Professor of Finance at Stockholm Business School at Stockholm University, Sweden. He previously taught at Leeds University, UK; University of Dhaka, Bangladesh; and University of Botswana. His current research focuses on market contagion and co-integration during crisis and the failure of corporate governance in large banks during global crisis.
Table of Contents1. Introduction
2. Market Efficiency in Emerging Markets: Evidence from Africa and Central European Markets
3. Market Integration in Developed and Emerging Markets
4. Determinants of Market Integration in Developed and Emerging Markets
5. Market Integration and Causality in Developed and Emerging Markets During Crisis