Regional economic integration :the emerging market crisis and stock market linkages
This study empirically investigates the relationship between the ASEAN-5 stock markets. With the adoption of the monthly price series of Composite Indexes spanning since 1987:1 to 2006:12, the results show that the 1997 Asian financial crisis did significantly affected the integration process of the...
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| Format: | Final Year Project Report / IMRAD |
| Language: | English English |
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Universiti Malaysia Sarawak (UNIMAS)
2007
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/7450/ http://ir.unimas.my/id/eprint/7450/1/Patricia.pdf http://ir.unimas.my/id/eprint/7450/4/Patricia%20full.pdf |
| _version_ | 1848836133733007360 |
|---|---|
| author | Patricia Oh Swee, Ling |
| author_facet | Patricia Oh Swee, Ling |
| author_sort | Patricia Oh Swee, Ling |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | This study empirically investigates the relationship between the ASEAN-5 stock markets. With the adoption of the monthly price series of Composite Indexes spanning since 1987:1 to 2006:12, the results show that the 1997 Asian financial crisis did significantly affected the integration process of the ASEAN-5 stock markets. One cointegrating vector was found for the pre-crisis period. However, neither the full sample nor the post-crisis period indicates that the ASEAN-5 stock markets are integrated. In addition, there was a short-run causal relationship between the markets whereby Philippines seems to market lead the rest of the ASEAN-5 stock markets except for the Singapore’s market. On the other hand, Malaysia is somehow the market follower within this region. Overall, a beneficial international investment portfolio diversification within the context of the ASEAN-5 equity markets does actually exist. |
| first_indexed | 2025-11-15T06:18:55Z |
| format | Final Year Project Report / IMRAD |
| id | unimas-7450 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T06:18:55Z |
| publishDate | 2007 |
| publisher | Universiti Malaysia Sarawak (UNIMAS) |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-74502024-02-27T08:28:15Z http://ir.unimas.my/id/eprint/7450/ Regional economic integration :the emerging market crisis and stock market linkages Patricia Oh Swee, Ling HB Economic Theory This study empirically investigates the relationship between the ASEAN-5 stock markets. With the adoption of the monthly price series of Composite Indexes spanning since 1987:1 to 2006:12, the results show that the 1997 Asian financial crisis did significantly affected the integration process of the ASEAN-5 stock markets. One cointegrating vector was found for the pre-crisis period. However, neither the full sample nor the post-crisis period indicates that the ASEAN-5 stock markets are integrated. In addition, there was a short-run causal relationship between the markets whereby Philippines seems to market lead the rest of the ASEAN-5 stock markets except for the Singapore’s market. On the other hand, Malaysia is somehow the market follower within this region. Overall, a beneficial international investment portfolio diversification within the context of the ASEAN-5 equity markets does actually exist. Universiti Malaysia Sarawak (UNIMAS) 2007 Final Year Project Report / IMRAD NonPeerReviewed text en http://ir.unimas.my/id/eprint/7450/1/Patricia.pdf text en http://ir.unimas.my/id/eprint/7450/4/Patricia%20full.pdf Patricia Oh Swee, Ling (2007) Regional economic integration :the emerging market crisis and stock market linkages. [Final Year Project Report / IMRAD] (Unpublished) |
| spellingShingle | HB Economic Theory Patricia Oh Swee, Ling Regional economic integration :the emerging market crisis and stock market linkages |
| title | Regional economic integration :the emerging market crisis and stock market linkages |
| title_full | Regional economic integration :the emerging market crisis and stock market linkages |
| title_fullStr | Regional economic integration :the emerging market crisis and stock market linkages |
| title_full_unstemmed | Regional economic integration :the emerging market crisis and stock market linkages |
| title_short | Regional economic integration :the emerging market crisis and stock market linkages |
| title_sort | regional economic integration :the emerging market crisis and stock market linkages |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/7450/ http://ir.unimas.my/id/eprint/7450/1/Patricia.pdf http://ir.unimas.my/id/eprint/7450/4/Patricia%20full.pdf |