Project Details
Description
Emerging stock markets now represent an integral component of international investment portfolios comprising billions of dollars. But stocks in these markets are perceived as excessively volatile and frequently inconsistent with economic fundamentals. This project investigates the linkage between emerging stock prices and both local and global economic influences; develops quantifiable time-varying measures of capital market integration based on fundamentals allowing ranking across markets; and explores how integration levels are affected by capital flows. The project will benefit the investment community and governments in understanding, and modelling, the impact of policy and trade flows on market integration and the consequent effect on stock markets.
Status | Finished |
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Effective start/end date | 1/01/02 → 31/12/04 |
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