Are the Asian equity markets more interdependent after the financial crisis?

Siew Yen Foo*, Wing Keung WONG, Terence Tai Leung Chong

*Corresponding author for this work

    Research output: Contribution to journalJournal articlepeer-review

    4 Citations (Scopus)
    26 Downloads (Pure)

    Abstract

    This paper examines the impact of the 1997 Asian Financial Crisis on the linkages between the Singapore and five Asian-Pacific stock markets. We show that the interdependence between these markets has intensified after the crisis. Before the crisis, only the Malaysian stock market is found to be cointegrated with Singapore. However, after the onset of the crisis, thi stock markets of Hong Kong, Japan, Malaysia and the US are found to be cointegrated with the Singapore stock market.

    Original languageEnglish
    Pages (from-to)1-7
    Number of pages7
    JournalEconomics Bulletin
    Volume6
    Issue number16
    Publication statusPublished - 21 Apr 2008

    Scopus Subject Areas

    • Economics, Econometrics and Finance(all)

    Fingerprint

    Dive into the research topics of 'Are the Asian equity markets more interdependent after the financial crisis?'. Together they form a unique fingerprint.

    Cite this