International Stock Returns and Market Integration: A Regional Perspective
We investigate the relative importance of country and industry effects in international stock returns, with the innovation that we decompose country effects into region and within-region country effects. We divide the global stock market into the Americas, Asia, and Europe and find that most of the...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/202 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
Zusammenfassung: | We investigate the relative importance of country and industry effects in international stock returns, with the innovation that we decompose country effects into region and within-region country effects. We divide the global stock market into the Americas, Asia, and Europe and find that most of the variation explained by country effects is actually due to region effects. Over time, these region effects have fallen. Within regions, however, only in Europe has segmentation declined, while it has increased elsewhere. Europe is also the only region where industry effects are now robustly more important than country effects |
Beschreibung: | 1 Online-Ressource (28 p) |
ISBN: | 1451874413 9781451874419 |
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index_date | 2024-07-03T20:13:25Z |
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spelling | Del Negro, Marco Verfasser aut International Stock Returns and Market Integration A Regional Perspective Del Negro, Marco Washington, D.C International Monetary Fund 2002 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/202 We investigate the relative importance of country and industry effects in international stock returns, with the innovation that we decompose country effects into region and within-region country effects. We divide the global stock market into the Americas, Asia, and Europe and find that most of the variation explained by country effects is actually due to region effects. Over time, these region effects have fallen. Within regions, however, only in Europe has segmentation declined, while it has increased elsewhere. Europe is also the only region where industry effects are now robustly more important than country effects Online-Ausg Brooks, Robin Sonstige oth http://elibrary.imf.org/view/IMF001/03775-9781451874419/03775-9781451874419/03775-9781451874419.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Del Negro, Marco International Stock Returns and Market Integration A Regional Perspective |
title | International Stock Returns and Market Integration A Regional Perspective |
title_auth | International Stock Returns and Market Integration A Regional Perspective |
title_exact_search | International Stock Returns and Market Integration A Regional Perspective |
title_exact_search_txtP | International Stock Returns and Market Integration A Regional Perspective |
title_full | International Stock Returns and Market Integration A Regional Perspective Del Negro, Marco |
title_fullStr | International Stock Returns and Market Integration A Regional Perspective Del Negro, Marco |
title_full_unstemmed | International Stock Returns and Market Integration A Regional Perspective Del Negro, Marco |
title_short | International Stock Returns and Market Integration |
title_sort | international stock returns and market integration a regional perspective |
title_sub | A Regional Perspective |
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