Interdependence and dynamic linkages between stock markets of Sri Lanka and its trading partners
E Elyasiani, P Perera, TN Puri - Journal of Multinational Financial …, 1998 - Elsevier
This paper investigates the interdependence and dynamic linkages between the emerging
capital market of Sri Lanka and the markets of its major trading partners (Taiwan, Singapore,
Japan, South Korea, Hong Kong, India, and the US) using the vector autoregression (VAR)
technique. No significant interdependence is discovered between the Sri Lankan market
and the equity markets of the US and the Asian markets considered. Small capitalization,
lack of liquidity, high concentration in blue chips, and unilateral investment barriers on Sri …
capital market of Sri Lanka and the markets of its major trading partners (Taiwan, Singapore,
Japan, South Korea, Hong Kong, India, and the US) using the vector autoregression (VAR)
technique. No significant interdependence is discovered between the Sri Lankan market
and the equity markets of the US and the Asian markets considered. Small capitalization,
lack of liquidity, high concentration in blue chips, and unilateral investment barriers on Sri …
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