Behavior of systematic risk in a regionally integrated model for stock prices

Behavior of systematic risk in a regionally integrated model for stock prices

Regional (EC) capital market integration is examined by monitoring the behavior of systematic risk vis-à-vis a single index time series return generating model. Evidence supports that the EC markets for securities have gradually become more integrated and that the capital controls are important sour...

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Veröffentlicht in:Economics letters 1992, Vol.39 (2), p.213-216
1. Verfasser: Akdogan, Haluk
Format: Artikel
Sprache:eng
Schlagworte:
Financial models
Financial risks
Stock prices
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Beschreibung
Zusammenfassung:Regional (EC) capital market integration is examined by monitoring the behavior of systematic risk vis-à-vis a single index time series return generating model. Evidence supports that the EC markets for securities have gradually become more integrated and that the capital controls are important sources of segmentation.
ISSN:0165-1765
1873-7374
DOI:10.1016/0165-1765(92)90292-7