| Description |
1 online resource (iii, 27 pages) |
| Series |
IMF working paper ; WP/95/133 |
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IMF working paper ; WP/95/133.
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| Summary |
This paper investigates the extent to which financial markets in the Pacific Basin Region have become more integrated, by analyzing the comovements of real interest rates. The paper uses cointegration and error correction models and draws inferences on the degree of capital market integration by looking at the speed of adjustment of real interest rates following a shock. The results show that there has been an increase in capital market integration with both U.S. and Japan during the 1980s. Japan has not, however, overtaken U.S. in dominating the financial markets of these countries, except possibly in the case of Malaysia. Capital market integration is found to be greater in Singapore, Hong Kong and Taiwan Province of China. On the other hand, Japan is the least integrated country with the United States |
| Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
| Bibliography |
Includes bibliographical references (pages 25-27) |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Interest rates -- East Asia
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Interest rates -- United States
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Capital market -- East Asia
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Capital market -- Pacific Area
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Capital market.
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Interest rates.
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East Asia.
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Pacific Area.
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United States.
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| Form |
Electronic book
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| Author |
International Monetary Fund. Research Department.
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| ISBN |
1455219150 |
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9781455219155 |
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1462382185 |
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9781462382187 |
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1455283843 |
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9781455283842 |
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1282108255 |
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9781282108257 |
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9786613801609 |
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6613801607 |
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