This study examines the dynamic interrelationship among the major stock markets and in the four Asian markets (Malaysia, Thailand, Taiwan and South Korea), both in the short run and in the long run. To investigate the impact of financial reforms and the Asian financial crisis on these markets,...

This study investigates the dynamics and contemporaneous interactions of equity market capitalization in the Asia Pacific region. The empirical results reveal the long-run cointegration relationship among the markets, suggesting a thin gainful opportunity for international portfolio...