of the third phase of EMU on the integration of European stock market and the conse- risk), investors will require lower expected returns when investing in the gration is to consider an event-like methodology, i.e. identifying a date in time where look for integration of e.g. emerging capital markets into the world market.
The Long Term Risks of Global Stock Markets - The Paul Merage
GLOBAL STOCK MARKET PERFORMANCE It provides a seamless, modern and fully integrated view across all sources of equity returns in 46 developed and
Emerging Market Liberalization and the Impact on Uncovered
This paper assesses China's stock market integration with the global market during obtain time-varying global and national systematic risks for ten Chinese sectors .. Hamilton (1989, 1990), we assume that, at each observation date, the