Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/100854 
Erscheinungsjahr: 
1996
Schriftenreihe/Nr.: 
Working Paper No. 96-7
Verlag: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Zusammenfassung: 
In this paper we examine integration between emerging and U.S. debt and equity markets. We first investigate price changes around significant "events," in this case changes in short-term U.S. interest rates brought about by actions of the Federal Reserve. Second, we estimate the predictability of returns using both domestic and U.S. variables. Finally, we test whether a single latent variable can explain these returns. The evidence suggests that the degree of integration varies with security types and the country of origin. However, these differences between security types become less apparent over time.
Schlagwörter: 
Financial markets
International finance
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.2 MB





Publikationen in EconStor sind urheberrechtlich geschützt.