Citations


Contact Us

For Marketing, Sales and Subscriptions Inquiries
2637 E Atlantic Blvd #43110
Pompano Beach, FL 33062
USA

Conference List

The Economics and Finance Letters

March 2014, Volume 1, 3, pp 15-23

Financial Integration and International Risk Diversification

Kaouther Amiri

,

Besma Talbi

Kaouther Amiri 1
Besma Talbi 2

  1. LMC, Faculte des Sciences Juridiques Economiques et Gestion de Jendouba 1

  2. Laboratoire d Economie et Gestion Industrielle (LEGI) a l Ecole Polytechnique de Tunisie, Faculte des Sciences Juridiques Economiques et Gestion de Jendouba 2

Pages: 15-23

DOI: 10.18488/journal.29/2014.1.3/29.3.15.23

Share :


Abstract:

The effect of international financial integration on performance strategies diversification is ambiguous for countries émergents1. It is explained by two reasons: hand, financial integration of national markets makes international diversification portfolios more efficiently, and helping the transition from one market to another and increasing efficiency of financial markets. On the other hand, financial integration increased correlations between national financial markets, reducing income strategies international diversification. We will show that this ambiguity is due to the use different properties with different testing procedures provided in the literature econometric. This is of particular interest to the present unit root test in the presence arch.
Contribution/ Originality

Keywords:


Reference:

  1. Arouri, M.E.H., 2006. La prime de risque dans un cadre international: Le risque de change est-il apprécié ? Revue Finance, (27): 131-170.
  2. Forbes, K.J. and D. Chinn, 2003. A decomposition of global linkages in financial markets over time. Working Paper No. 4414-03.
  3. Gerard, B., K. Thanyalakpark and J. Batten, 2003. Are the East Asian markets integrated evidence from the ICAPM. Journal of Economics and Business, 55(5-6): 585-607.
  4. Kaminsky, G. and S. Schmukler, 2001. Short-lived or long-lasting? A new look at the effects of capital controls. Brookings Trade Forum 2000, 125.
  5. Schwert, G.W., 2003. Anomalies and market efficiency. Handbook of the Economics of Finance, (1).

Statistics:

Google Scholor ideas Microsoft Academic Search bing Google Scholor

Funding:

Competing Interests:

Acknowledgement:


Related Article

( 1 ) Gaining Trust After the Financial Crisis in the Nigerian Economy: A Conceptual Framework
( 2 ) Financial Integration and International Risk Diversification
( 3 ) Teachers Characteristics and Students’ Performance Level in Senior Secondary School Financial Accounting
( 4 ) The Nexus between Financial Crisis and Household Consumption: Evidence from Emerging Countries
( 5 ) Relationships between Financial Development and Economic Growth: A New Approach by Inputs
( 6 ) The Impact of Dividend Policy on Shareholders’ Wealth before and After Financial Melt down: Evidence from FMCG Sector in India
( 7 ) The Effect of Selected Financial Ratios on Profitability: An Empirical Analysis of Listed Firms of Cement Sector in Saudi Arabia
( 8 ) Stock Market Index Prediction with Neural Network during Financial Crises: A Review on Bist-100
( 9 ) The Effects of Changes in Accounting Standards on Value Relevance of Financial Statement Information of Malaysia and Nigeria Banks
( 10 ) The Impact of the Global Financial Crisis on the Debt, Liquidity, Growth, and Volume of Companies in Palestine Stock Exchange
( 11 ) Managerial Judgement Versus Financial Techniques in Strategic Investment Decisions: An Empirical Study on the Syrian Coastal Region Firms
( 12 ) Financial Deepening, Interest Rate Spread and Economic Growth: New Evidence from Sub-Sahara Africa
( 13 ) Financial Tables Reports Gaps in Jordanian Islamic Banks
( 14 ) Effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria: A Study of United Bank of Africa
( 15 ) Financial Market Predictions with Factorization Machines: Trading the Opening Hour Based on Overnight Social Media Data
( 16 ) Leading Indicators and Financial Crisis: A Multi-Sectoral Approach Using Signal Extraction
( 17 ) Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City
( 18 ) The Relationship between Financial Development, Economic Growth, and Inflation: Evidence from Southeast Asia
( 19 ) The Mediating Effect of Financial Self-Efficacy on the Financial Literacy-Behavior Relationship: A Case of Generation Y Professionals
( 20 ) The Effect of Corporate Social Responsibility Disclosure on Corporate Financial Performance
( 21 ) Analyzing the Financial Soundness of Kuwaiti Banks Using CAMELS Framework
( 22 ) Analysing the Financial Strength of Nigeria: An Approach to Estimate the Index of Financial Safety
( 23 ) Determinants of Financial Performance and its Impact on the Growth of Islamic Bank Assets on Indonesia
( 24 ) Financial Inclusion and Poverty Alleviation: The Contribution of Commercial Banks in West Africa
( 25 ) Do Derivative Instruments Increase Firm Risk for Indonesia Non-Financial Companies?
( 26 ) The Impact of Economic Growth, Oil Price, and Financial Globalization Uncertainty on Financial Development: Evidence from Selected Leading African Countries
( 27 ) Interest Rate Ceilings and Financial Exclusion in Kenya: Evidence from Commercial Banks’ Sectoral Credit Distribution
( 28 ) Drivers Behind the Financial Insolvency: An Empirical Study on the Textile Industry in Bangladesh
( 29 ) International Financial Reporting Standards Adoption and Earnings Management: The Fundamental Effect Framework
( 30 ) The Impact of Merger and Acquisition on the Financial Performance of the Nasdaq Listed Small Size Technology Companies
( 32 ) Determinants of Tax Revenue in Ethiopia (Johansen Co-Integration Approach)
( 33 ) Studying the Integration of Damascus Securities Exchange with Selected Stock Markets
( 34 ) Purchasing Power Parity Hold in Major SAARC Countries? Panel Cointegration Analysis
( 35 ) The Effects of Exchange Rate Variability on Trade Flows in Nigeria: A Cointegration Analysis
( 36 ) Human Capital and Economic Growth in Latin America: A Cointegration and Causality Analysis
( 38 ) Does the Mena Countries May Converge in GDP to Southern European One? The Effects of International Trade
( 39 ) Factors Impacting on SMEs Internationalization: Dairy Industry in Zimbabwe
( 40 ) Promoting Local Acceptability of International Oil Companies (IOCS) Through Corporate Social Responsibility (CSR): The Case of Tullow Oil in Ghana
( 41 ) Various International Experiences in Waste Management - Useful Lessons for Algeria
( 42 ) Measuring the Gap Between the Syrian Accounting Qualifications and the International Accounting Education Based on IES 2 and IES 3
( 43 ) A Factor Analysis Approach Towards a Study of the Factors Affecting Students’ Choice of Higher Education Institution: A Case Study of a Private Institution (Twintech International University College of Technology)
( 44 ) The Relationship between Currency Conversions and International Business Transactions: Small Businesses and Travelers
( 45 ) Internationalization of State Multilatinas: A Multi-Case Study in The Oil Sector
( 47 ) International Business Expansion: The Roles of Affiliation and Ownership
( 49 ) The Association Between Corporate Risk Disclosure and Firm Performance in Emerging Country – The Case of Egypt
( 50 ) Estimating Value at Risk for Sukuk Market Using Generalized Auto Regressive Conditional Heteroskedasticity Models
( 51 ) Awareness on Air Pollution and Risk Preparedness among Residents in Kigali City of Rwanda