Financial integration and the ASEAN-5 equity markets

• Main Authors: Wan Ngah, Wan Azman Saini, Mohamed, Azali, Habibullah, Muzafar Shah, Matthews, K. G.
• Format: Article
• Language: English; English
• Published: Informa plc 2002
• Online Access: http://psasir.upm.edu.my/id/eprint/8766/1/Financial%20integration%20and%20the%20ASEAN.pdf; http://psasir.upm.edu.my/id/eprint/8766/; http://dx.doi.org/10.1080/00036840210139364

The existence of long-run relationships among the ASEAN-5 equity markets is empirically investigated. This study utilized weekly data spanning January 1988 to August 1999. The results of Granger noncausality test due to Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995) reveal that the Si...