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@article{8216,
author = {Komárek, Luboš and Komárková, Zlatuše and Babecký, Jan},
article_location = {UK},
article_number = {2013},
keywords = {Stock market integration, beta-convergence, sigma-convergence, China, Russia, sectoral and national analysis},
language = {eng},
issn = {0027-9501},
journal = {National Institute Economic Review},
title = {Convergence of Returns on Chinese and Russian Stock Markets with World Markets: National and Sectoral Perspectives},
url = {https://www.cambridge.org/core/journals/national-institute-economic-review/article/convergence-of-returns-on-chinese-and-russian-stock-markets-with-world-markets-national-and-sectoral-perspectives/0C72EBB2B312CB18875C49229E13DD64#},
volume = {223},
year = {2013}
}
TY - JOUR
ID - 8216
AU - Komárek, Luboš - Komárková, Zlatuše - Babecký, Jan
PY - 2013
TI - Convergence of Returns on Chinese and Russian Stock Markets with World Markets: National and Sectoral Perspectives
JF - National Institute Economic Review
VL - 223
IS - 2013
SP - 16-34
EP - 16-34
PB - National Institute of Economic and Social Research
SN - 00279501
KW - Stock market integration, beta-convergence, sigma-convergence, China, Russia, sectoral and national analysis
UR - https://www.cambridge.org/core/journals/national-institute-economic-review/article/convergence-of-returns-on-chinese-and-russian-stock-markets-with-world-markets-national-and-sectoral-perspectives/0C72EBB2B312CB18875C49229E13DD64#
L2 - https://www.cambridge.org/core/journals/national-institute-economic-review/article/convergence-of-returns-on-chinese-and-russian-stock-markets-with-world-markets-national-and-sectoral-perspectives/0C72EBB2B312CB18875C49229E13DD64#
N2 - Interest in examining the financial linkages of economies has increased in the wake of the 2008/9 global financial crisis. Applying the concepts of beta- and sigma-convergence of stock market returns, we assess changes over time in the degree of stock market integration of Russia and China with each other, as well as with respect to the United States, the Euro Area, and Japan. Our analysis is based on national and sectoral data spanning the period September 1995 to October 2010. Overall, we find evidence for gradually increasing convergence of stock market returns after the 1997 Asian financial crisis and the 1998 Russian financial crisis.
ER -
KOMÁREK, Luboš, Zlatuše KOMÁRKOVÁ and Jan BABECKÝ. Convergence of Returns on Chinese and Russian Stock Markets with World Markets: National and Sectoral Perspectives. \textit{National Institute Economic Review}. UK: National Institute of Economic and Social Research, 2013, vol.~223, No~2013, p.~16-34. ISSN~0027-9501.
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