US, UK and European Stock Market Integration
This paper examines long-run convergence between US, UK and seven European stock markets. We report evidence to suggest that while real short-run diversification gains may occur, in general they tend to be shortlived. However we also find that US and UK markets are relatively less bound to a com...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
Wiley-Blackwell Publishing Ltd.
2005
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/22747 |