Constantinou, Eleni; Kazandjian, Avo; Kouretas, George; … - Department of Economics, University of Crete - 2005
Exchange, recently established emerging market. Cointegration as well as linear and nonlinear causality analysis is used in … order to reveal whether there are benefits from domestic portfolio diversification. The cointegration analysis leads to the … conclusion that we are unable to reject the null hypothesis of no cointegration in most bivariate cases of the 56 pairs of …