East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions
This study investigates the progress of ASEAN+3 financial markets integration after the 1997 Asian financial crisis. Adopting a Gregory and Hansen (1996) cointegration test that takes into account structural break of the series, this study finds no significant improvement in the intraregional financ...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Management, Universiti Putra Malaysia
2009
|
| Online Access: | http://psasir.upm.edu.my/id/eprint/39458/ http://psasir.upm.edu.my/id/eprint/39458/1/39458.pdf |
| _version_ | 1848849148139274240 |
|---|---|
| author | Ibrahim, Saifuzzaman |
| author_facet | Ibrahim, Saifuzzaman |
| author_sort | Ibrahim, Saifuzzaman |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This study investigates the progress of ASEAN+3 financial markets integration after the 1997 Asian financial crisis. Adopting a Gregory and Hansen (1996) cointegration test that takes into account structural break of the series, this study finds no significant improvement in the intraregional financial market integration after the crisis. This may imply that measures that were introduced and implemented in the aftermath of the 1997 crisis may have not effectively affect the region’s financial market integration. Several factors attribute to this including the differences in the ASEAN+3’s institutional and legal frameworks. |
| first_indexed | 2025-11-15T09:45:47Z |
| format | Article |
| id | upm-39458 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T09:45:47Z |
| publishDate | 2009 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-394582015-08-03T04:52:29Z http://psasir.upm.edu.my/id/eprint/39458/ East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions Ibrahim, Saifuzzaman This study investigates the progress of ASEAN+3 financial markets integration after the 1997 Asian financial crisis. Adopting a Gregory and Hansen (1996) cointegration test that takes into account structural break of the series, this study finds no significant improvement in the intraregional financial market integration after the crisis. This may imply that measures that were introduced and implemented in the aftermath of the 1997 crisis may have not effectively affect the region’s financial market integration. Several factors attribute to this including the differences in the ASEAN+3’s institutional and legal frameworks. Faculty of Economics and Management, Universiti Putra Malaysia 2009-06 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/39458/1/39458.pdf Ibrahim, Saifuzzaman (2009) East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions. International Journal of Economics and Management, 3 (1). pp. 184-203. ISSN 1823-836X http://econ.upm.edu.my/ijem/vol3_no1.htm |
| spellingShingle | Ibrahim, Saifuzzaman East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title | East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title_full | East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title_fullStr | East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title_full_unstemmed | East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title_short | East Asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| title_sort | east asian financial integration: a cointegration test allowing for structural break and the role of regional institutions |
| url | http://psasir.upm.edu.my/id/eprint/39458/ http://psasir.upm.edu.my/id/eprint/39458/ http://psasir.upm.edu.my/id/eprint/39458/1/39458.pdf |