학술저널
Capital Controls and Market Segmentation of Emerging Stock Markets
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 5 No.3
-
1992.09289 - 299 (10 pages)
- 5
커버이미지 없음
Using cointegration analysis. this paper studies to what extent share prices in emerging stock markets are linked to price movements in industrial country markets. Three markets are chosen which differ significantly with respect to their barriers to access. The results suggest that capital controls have generally been effective to insulate the domestic market from foreign disturbances. implying that their removal will likely cause important portfolio effects.
Abstract
Ⅰ. Introduction
Ⅱ. Barries to Access
Ⅲ. Empirical Evidence
Ⅳ. Conclusions
References
(0)
(0)