ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis
The issues of international stock markets linkages had been investigated over the time. Since the Asian financial crisis in 1997, many economists are concerned about the relationship between Asian stock markets and others in the world. The main objective of this paper is to examine the linkages bet...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/13280/ http://psasir.upm.edu.my/id/eprint/13280/1/ASEAN.pdf |
| _version_ | 1848842069790949376 |
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| author | R. C., Royfaizal Lee, Chin Mohamed, Azali |
| author_facet | R. C., Royfaizal Lee, Chin Mohamed, Azali |
| author_sort | R. C., Royfaizal |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | The issues of international stock markets linkages had been investigated over the time. Since the Asian financial crisis
in 1997, many economists are concerned about the relationship between Asian stock markets and others in the world. The main objective of this paper is to examine the linkages between ASEAN-5+3 namely Malaysia, Singapore, the
Philippines, Thailand, Indonesia, China, Japan and Korea an
d US stock markets. The data consists of weekly stock
indices data. The total samples are separated into three sub-periods. All the indices applied are expressed in local
currencies. In conclusion, we found that ASEAN-5+3 and US stock markets are interdependence during crisis and
post-crisis periods and the impact of US stock market is
effective in ASEAN-5+3 stock markets only for pre- and
during-crisis periods.
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| first_indexed | 2025-11-15T07:53:17Z |
| format | Article |
| id | upm-13280 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T07:53:17Z |
| publishDate | 2009 |
| publisher | Canadian Center of Science and Education |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-132802015-11-02T23:27:43Z http://psasir.upm.edu.my/id/eprint/13280/ ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis R. C., Royfaizal Lee, Chin Mohamed, Azali The issues of international stock markets linkages had been investigated over the time. Since the Asian financial crisis in 1997, many economists are concerned about the relationship between Asian stock markets and others in the world. The main objective of this paper is to examine the linkages between ASEAN-5+3 namely Malaysia, Singapore, the Philippines, Thailand, Indonesia, China, Japan and Korea an d US stock markets. The data consists of weekly stock indices data. The total samples are separated into three sub-periods. All the indices applied are expressed in local currencies. In conclusion, we found that ASEAN-5+3 and US stock markets are interdependence during crisis and post-crisis periods and the impact of US stock market is effective in ASEAN-5+3 stock markets only for pre- and during-crisis periods. Canadian Center of Science and Education 2009-08 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/13280/1/ASEAN.pdf R. C., Royfaizal and Lee, Chin and Mohamed, Azali (2009) ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis. International Journal of Economics and Finance, 1 (2). pp. 45-54. ISSN 1916-971X; ESSN: 1916-9728 http://ccsenet.org/journal/index.php/ijef/article/view/3359 10.5539/ijef.v1n2p45 |
| spellingShingle | R. C., Royfaizal Lee, Chin Mohamed, Azali ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title | ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title_full | ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title_fullStr | ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title_full_unstemmed | ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title_short | ASEAN-5+3 and US stock markets interdependence before, during and after Asian financial crisis |
| title_sort | asean-5+3 and us stock markets interdependence before, during and after asian financial crisis |
| url | http://psasir.upm.edu.my/id/eprint/13280/ http://psasir.upm.edu.my/id/eprint/13280/ http://psasir.upm.edu.my/id/eprint/13280/ http://psasir.upm.edu.my/id/eprint/13280/1/ASEAN.pdf |