We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
MODELING THE DYNAMIC INTERDEPENDENCE OF MAJOR EUROPEAN STOCK MARKETS.
- Authors
Koutmos, Gregory
- Abstract
The article talks about the modeling of the dynamic interdependence of major European stock markets. The growing globalization of financial markets has been accompanied by a growing body of empirical research, attempting to describe and quantify the ways in which financial markets within and across countries interact. Better understanding of the nature of cross market linkages and interactions could be of help to investors and policy makers alike. With respect to policy, aspects of market interaction that promote efficiency could, in principle, be facilitated, whereas those with undesirable side effects could be controlled. Likewise, investment and hedging strategies could be more effective, if the nature of market interactions were better understood. Markets around the globe respond to innovations, in a way that is consistent with the notion of informationally efficient international stock markets. This paper contributes to the ongoing debate on first and second moment stock market interactions.
- Publication
Journal of Business Finance & Accounting, 1996, Vol 23, Issue 7, p975
- ISSN
0306-686X
- Publication type
Academic Journal
- DOI
10.1111/j.1468-5957.1996.tb01035.x