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Does the US influence ASEAN+3 equity market integration?

Rahman, Md. Saifur and Shahari, Farihana (2021) Does the US influence ASEAN+3 equity market integration? Journal of Financial Economic Policy. pp. 1-23. ISSN 1757-6385 (In Press)

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Purpose This paper aims to examine whether the US influences the ASEAN + 3 financial market integration. Design/methodology/approach A two-stage cointegration test is used in the estimation by using equity indices from selected member economies and the USA. Findings The finding of this study shows that the equity markets of ASEAN + 3 are integrated especially after the Asian crisis period reflecting the regional cooperation. There is a strong market nexus between ASEAN + 3 and the USA, but the ASEAN + 3 financial cooperation agreement does not depend on the US financial market. Originality/value The study offers invaluable policy implications for developing the nexus in the regional equity markets.

Item Type: Article (Journal)
Additional Information: 7791/89390
Uncontrolled Keywords: ASEAN+3, Equity markets, Financial crisis, Market nexus, Financial markets, Financial markets and the macroeconomy, Economic integration, Financial aspects of economic integration
Subjects: H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences
Depositing User: Dr. Farihana Shahari
Date Deposited: 28 May 2021 14:55
Last Modified: 28 May 2021 14:55
URI: http://irep.iium.edu.my/id/eprint/89390

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