Dynamic linkages between the center and periphery in international stock markets

ÖZDEMİR, ZEYNEL; Olgun, Hasan; SARAÇOĞLU, BEDRİYE

doi:10.1016/j.ribaf.2008.05.001

Dynamic linkages between the center and periphery in international stock markets

ÖZDEMİR Z. A., Olgun H., SARAÇOĞLU B.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, cilt.23, sa.1, ss.46-53, 2009 (ESCI, Scopus)

Yayın Türü: Makale / Tam Makale
Cilt numarası: 23 Sayı: 1
Basım Tarihi: 2009
Doi Numarası: 10.1016/j.ribaf.2008.05.001
Dergi Adı: RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE
Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus
Sayfa Sayıları: ss.46-53
Anahtar Kelimeler: Emerging markets, Stock markets, Granger-causality
Ankara Hacı Bayram Veli Üniversitesi Adresli: Hayır

Özet

This paper examines the dynamic linkages between the equity market of US representing the center and emerging markets using the Granger-causality test. The findings show that causality runs from the S&P500 to the stock prices of the 15 emerging markets but not vice versa. (C) 2008 Elsevier B.V. All rights reserved.