GLOBALIZED INTEGRATION OF STOCK MARKETS OF WORLD

Dr Harish Handa

Abstract


Cointegration of the markets is highly debatable topic and over the years the researchers are trying hard to come a definite conclusion about the degree of dependency of each stock market on one another. The developed markets affect the developing stock markets and in turn are also affected by them. The paper is an attempt to discuss the various factors that may give the discussion a pointed direction before one draws an inference about the global integration of world stock markets.


Keywords


Stock Exchange, BSE, Global capital markets, Cointegration

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