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Are Asian Markets Integrated?

April 26, 2017Asian Integrated Markets

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Are Asian Markets Integrated?

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Author InfoIMAD A. MOOSA RAZZAQUE H. BHATTI Abstract This paper presents some empirical evidence on the degree of integration between the goods and financial markets of Japan and six Asian countries. The evidence is obtained by testing two international parity conditions using unconventional specifications: uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The results of cointegration tests are strongly supportive of the two conditions over the period 1980–1994. The paper concludes that Asian goods and financial markets have reached a high level of integration [G14] Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.