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Is There a Causal Relationship Between Financial Markets in Asia and the US?

Author

Listed:
  • Amalendu Bhunia

    (Professor, Department of Commerce, University of Kalyani, West Bengal, India.)

  • Devrim Yaman

    (ssociate Dean and Robert J. Bobb Professor of Finance, Haworth College of Business, Western Michigan University, Kalamazoo, MI, USA)

Abstract

No abstract is available for this item.

Suggested Citation

  • Amalendu Bhunia & Devrim Yaman, 2017. "Is There a Causal Relationship Between Financial Markets in Asia and the US?," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 22(1), pages 71-90, Jan-June.
    • Handle: RePEc:lje:journl:v:22:y:2017:i:1:p:71-90
    as

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    File URL: http://lahoreschoolofeconomics.edu.pk/EconomicsJournal/Journals/Volume%2022/Issue%201/04.pdf
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    References listed on IDEAS

    as
    1. Forbes, Kristin J., 2010. "Why do foreigners invest in the United States?," Journal of International Economics, Elsevier, vol. 80(1), pages 3-21, January.
    2. Richards, Anthony J., 1995. "Comovements in national stock market returns: Evidence of predictability, but not cointegration," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 631-654, December.
    3. Hatemi-J, Abdulnasser, 2012. "Is the UAE stock market integrated with the USA stock market? New evidence from asymmetric causality testing," Research in International Business and Finance, Elsevier, vol. 26(2), pages 273-280.
    4. Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-472, August.
    5. Michel Beine & Gunther Capelle-Blancard & Helene Raymond, 2008. "International nonlinear causality between stock markets," The European Journal of Finance, Taylor & Francis Journals, vol. 14(8), pages 663-686.
    6. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 59-82, Winter.
    7. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Working Papers 111, Princeton University, Department of Economics, Center for Economic Policy Studies..
    8. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Working Papers 111, Princeton University, Department of Economics, Center for Economic Policy Studies..
    9. Mohammed Ziaur Rehman & Musa Ahmed Hazazi, 2014. "Examining Linkages between Saudi Stock Market (TASI) and Selected Stock Markets Indices," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 5(4), pages 196-209, October.
    10. Gulser Meric & Christine Lentz & Wayne Smeltz & Ilhan Meric, 2012. "International Evidence on Market Linkages After the 2008 Stock Market Crash," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 6(4), pages 45-57.
    11. repec:pri:cepsud:91malkiel is not listed on IDEAS
    12. Lutkepohl, Helmut & Saikkonen, Pentti, 2000. "Testing for the cointegrating rank of a VAR process with a time trend," Journal of Econometrics, Elsevier, vol. 95(1), pages 177-198, March.
    13. Huang, Bwo-Nung & Yang, Chin-Wei & Hu, John Wei-Shan, 2000. "Causality and cointegration of stock markets among the United States, Japan and the South China Growth Triangle," International Review of Financial Analysis, Elsevier, vol. 9(3), pages 281-297.
    14. Dr. Ranjan Dasgupta, 2014. "Integration and Dynamic Linkages of the Indian Stock Market with Bric - An Empirical Study," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(6), pages 715-731, June.
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    Citations

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    Cited by:

    1. Ruqayya Aljifri, 2020. "The Macroeconomy, Oil and the Stock Market: A Multiple Equation Time Series Analysis of Saudi Arabia," Economics Discussion Papers em-dp2020-27, Department of Economics, University of Reading.

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    More about this item

    Keywords

    stock market; short and long term causality; Asia; USA;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

    Statistics

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