Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; You, Kefei - 2017
This paper employs a price-based measure of integration, namely stock return differentials between ten emerging Asian … economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative … indicators of regional integration), to test for mean reversion and draw inference on financial integration. It makes a three …