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 journalArticlepeer-review

4 Citations (Scopus)

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
JournalEconomics Bulletin
Volume6
Issue number16
Publication statusPublished - 21 Apr 2008

Scopus Subject Areas

  • Economics, Econometrics and Finance(all)

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