Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?

This paper aims to empirically examine the degree of cointegration among ASEAN+3 money markets in order to determine and adopt remedial actions pursuant to vulnerabilities in the region’s money markets that indicate an inability to prevent possible financial crises. In order to validate vulnerabilit...

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Main Authors:	Rahman, Md. Saifur, Shahari, Farihana
Format:	Article
Language:	English English
Published:	Taylor & Francis Group 2017
Subjects:	HG Finance HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/1/52633_Does%20financial%20cooperatio.pdf http://irep.iium.edu.my/52633/2/52633_Does%20financial%20cooperatio_SCOPUS.pdf

id	iium-52633
recordtype	eprints
spelling	iium-526332017-06-13T04:12:57Z http://irep.iium.edu.my/52633/ Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets? Rahman, Md. Saifur Shahari, Farihana HG Finance HG4501 Stocks, investment, speculation This paper aims to empirically examine the degree of cointegration among ASEAN+3 money markets in order to determine and adopt remedial actions pursuant to vulnerabilities in the region’s money markets that indicate an inability to prevent possible financial crises. In order to validate vulnerabilities, this paper investigates the degree to which money markets are integrated. Inter-bank lending rates are divided based on agreement periods as well as on income levels of regional economies. The VAR-based Cointegration test and the VECM have been applied in the investigation process. The findings are: (1) weak integration during the pre-agreement period; (2) substantial progress toward the post-agreement period; (3) both high- and low-income markets integrate in a cooperative way; and (4) the agreement produces an impact that is incomplete in so far as integrating the region’s money markets. The finding of this study offers implications for the regional makers. Taylor & Francis Group 2017-01-02 Article PeerReviewed application/pdf en http://irep.iium.edu.my/52633/1/52633_Does%20financial%20cooperatio.pdf application/pdf en http://irep.iium.edu.my/52633/2/52633_Does%20financial%20cooperatio_SCOPUS.pdf Rahman, Md. Saifur and Shahari, Farihana (2017) Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets? International Journal of Applied Economics, 31 (1). pp. 108-125. ISSN 0269-2171 E-ISSN 1465-3486 http://www.tandfonline.com/doi/full/10.1080/02692171.2016.1221391 10.1080/02692171.2016.1221391
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance HG4501 Stocks, investment, speculation
spellingShingle	HG Finance HG4501 Stocks, investment, speculation Rahman, Md. Saifur Shahari, Farihana Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
description	This paper aims to empirically examine the degree of cointegration among ASEAN+3 money markets in order to determine and adopt remedial actions pursuant to vulnerabilities in the region’s money markets that indicate an inability to prevent possible financial crises. In order to validate vulnerabilities, this paper investigates the degree to which money markets are integrated. Inter-bank lending rates are divided based on agreement periods as well as on income levels of regional economies. The VAR-based Cointegration test and the VECM have been applied in the investigation process. The findings are: (1) weak integration during the pre-agreement period; (2) substantial progress toward the post-agreement period; (3) both high- and low-income markets integrate in a cooperative way; and (4) the agreement produces an impact that is incomplete in so far as integrating the region’s money markets. The finding of this study offers implications for the regional makers.
format	Article
author	Rahman, Md. Saifur Shahari, Farihana
author_facet	Rahman, Md. Saifur Shahari, Farihana
author_sort	Rahman, Md. Saifur
title	Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
title_short	Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
title_full	Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
title_fullStr	Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
title_full_unstemmed	Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?
title_sort	does financial cooperation agreement improve the cointegration among asean+3 money markets?
publisher	Taylor & Francis Group
publishDate	2017
url	http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/ http://irep.iium.edu.my/52633/1/52633_Does%20financial%20cooperatio.pdf http://irep.iium.edu.my/52633/2/52633_Does%20financial%20cooperatio_SCOPUS.pdf
first_indexed	2023-09-18T21:14:32Z
last_indexed	2023-09-18T21:14:32Z
_version_	1777411474381078528

Does financial cooperation agreement improve the cointegration among ASEAN+3 money markets?

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