Publication
2005
This paper investigates the impact of financial crises on the economic integration of 12 Asia-Pacific equity markets. The author notes that integration diminishes the capacity for diversification, which increases investors' exposure to market crises. The paper concludes that over both the short- and the long-term, the effects of financial crises were limited and integration increased broadly, suggesting a decline in diversification opportunities.
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English (PDF, 29 pages, 212 KB) |
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Author | Brindha Gunasingham |
Series | East-West Center Working Papers |
Publisher | East-West Center (EWC) |
Copyright | © 2005 East-West Center (EWC) |