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Global Financial Integration and the MENA Countries: Evidence from Equity and Money Markets

Listed author(s):
  • Soofi Abdol S

    (University of Wisconsin-Platteville)

This study measures the degree of financial integration between Egypt, Jordan, Lebanon, Tunisia, and Turkey on the one hand and the United States and United Kingdom on the other hand. Using cointegration, error correction, and Granger causality tests I find that only the Turkish equity market is cointegrated with both S&P and FTSE stock markets.

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File URL: https://www.degruyter.com/view/j/rmeef.2008.4.2/rmeef.2008.4.2.1102/rmeef.2008.4.2.1102.xml?format=INT
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Article provided by De Gruyter in its journal Review of Middle East Economics and Finance.

Volume (Year): 4 (2008)
Issue (Month): 2 (April)
Pages: 93-116

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Handle: RePEc:bpj:rmeecf:v:4:y:2008:i:2:n:4
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  1. Favero, Carlo A. & Giavazzi, Francesco, 2002. "Is the international propagation of financial shocks non-linear?: Evidence from the ERM," Journal of International Economics, Elsevier, vol. 57(1), pages 231-246, June.
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