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     Research Journal of Applied Sciences, Engineering and Technology

    Abstract
2015(Vol.9, Issue:10)
Article Information:

Capital Markets Integration: The Case of Select South Asia Markets

V. Srinivasa Kumar, R. Renganathan and P.K. Mishra
Corresponding Author:  V. Srinivasa Kumar 
Submitted: October ‎29, ‎2014
Accepted: December ‎27, ‎2014
Published: April 05, 2015
Abstract:
In these days of globalization, liberalization and IT, nations have become mutually dependent across the globe. The volume of merchandise transactions as well as international capital mobility has been improved. The investors, both domestic and international, are able to optimize portfolio diversification through multi-country investments. Emerging market economies are removing the reins of investment and introduce investor responsive policies to draw overseas finance in the form of FDI or equity participation. Thus, free and perfect capital mobility has become the important feature of highly integrated financial markets. In this context we investigated the degree and direction of capital market integration among select South Asian countries. We found that the markets have long-run interdependency among themselves and the short-run dynamics is significant in few cases. Such findings will keep much relevance for managing international portfolios.

Key words:  Capital markets, cointegration, market integration, South Asia, , ,
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Cite this Reference:
V. Srinivasa Kumar, R. Renganathan and P.K. Mishra, . Capital Markets Integration: The Case of Select South Asia Markets. Research Journal of Applied Sciences, Engineering and Technology, (10): 819-823.
ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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