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Does the US influence ASEAN+3 equity market integration?

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 stud...

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Main Authors: Rahman, Md. Saifur, Shahari, Farihana
Format: Article
Language:English
Published: Emerald Publishing Limited 2021
Subjects:
HG4501 Stocks, investment, speculation
Online Access:http://irep.iium.edu.my/89390/1/89390_Does%20the%20US%20influence%20ASEAN%2B3_in%20press.pdf
http://irep.iium.edu.my/89390/
https://doi.org/10.1108/JFEP-06-2020-0133
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spelling my.iium.irep.893902021-05-28T06:55:34Z http://irep.iium.edu.my/89390/ Does the US influence ASEAN+3 equity market integration? Rahman, Md. Saifur Shahari, Farihana HG4501 Stocks, investment, speculation 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. Emerald Publishing Limited 2021-03-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/89390/1/89390_Does%20the%20US%20influence%20ASEAN%2B3_in%20press.pdf 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) phttps://doi.org/10.1108/JFEP-06-2020-0133 https://doi.org/10.1108/JFEP-06-2020-0133
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG4501 Stocks, investment, speculation
spellingShingle HG4501 Stocks, investment, speculation
Rahman, Md. Saifur
Shahari, Farihana
Does the US influence ASEAN+3 equity market integration?
description 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.
format Article
author Rahman, Md. Saifur
Shahari, Farihana
author_facet Rahman, Md. Saifur
Shahari, Farihana
author_sort Rahman, Md. Saifur
title Does the US influence ASEAN+3 equity market integration?
title_short Does the US influence ASEAN+3 equity market integration?
title_full Does the US influence ASEAN+3 equity market integration?
title_fullStr Does the US influence ASEAN+3 equity market integration?
title_full_unstemmed Does the US influence ASEAN+3 equity market integration?
title_sort does the us influence asean+3 equity market integration?
publisher Emerald Publishing Limited
publishDate 2021
url http://irep.iium.edu.my/89390/1/89390_Does%20the%20US%20influence%20ASEAN%2B3_in%20press.pdf
http://irep.iium.edu.my/89390/
https://doi.org/10.1108/JFEP-06-2020-0133
_version_ 1701162784656457728
score 13.211869

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