Financial Integration : A New Methodology and An Illustration /
This paper develops a simple methodology to test for asset integration, and applies it within and between American stock markets. Our technique relies on estimating and comparing expected risk-free rates across assets. Expected risk-free rates are allowed to vary freely over time, constrained only b...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2004.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2004/110 |
| Онлайн доступ: | Full text available on IMF |