Financial integration between Indonesia and its major trading partners

This study examines stock market integration among the emerging stock market of Indonesia and its major trading partners (Japan, the US, Singapore and China). We employ the newly proposed autoregressive distributed lag (ARDL) approach to cointegration and recent weekly stock market data spanning fro...

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Main Authors:	Abdul Karim, Bakri, Abd. Majid, M. Shabri, Abdul Karim, Shamsul Ariffin
Format:	Article
Language:	English
Published:	2009
Subjects:	HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/7693/ http://irep.iium.edu.my/7693/ http://irep.iium.edu.my/7693/1/MPRA_paper_17277.pdf

id	iium-7693
recordtype	eprints
spelling	iium-76932011-11-29T12:03:00Z http://irep.iium.edu.my/7693/ Financial integration between Indonesia and its major trading partners Abdul Karim, Bakri Abd. Majid, M. Shabri Abdul Karim, Shamsul Ariffin HG4501 Stocks, investment, speculation This study examines stock market integration among the emerging stock market of Indonesia and its major trading partners (Japan, the US, Singapore and China). We employ the newly proposed autoregressive distributed lag (ARDL) approach to cointegration and recent weekly stock market data spanning from July 1998 to December 2007. The results indicate the Indonesian stock market is cointegrated with the stock markets of the US, Japan, Singapore and China. Thus, this implies that the opportunities for international investors to gain benefits from international portfolio diversification in those markets are limited. In addition, any development in Japan, the US, Singapore and China markets should be considered by the Indonesia government in making policies regarding to the stock market of Indonesia. 2009-09-14 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/7693/1/MPRA_paper_17277.pdf Abdul Karim, Bakri and Abd. Majid, M. Shabri and Abdul Karim, Shamsul Ariffin (2009) Financial integration between Indonesia and its major trading partners. Munich Personal RePEc Archive. (Unpublished) http://mpra.ub.uni-muenchen.de/17277/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4501 Stocks, investment, speculation
spellingShingle	HG4501 Stocks, investment, speculation Abdul Karim, Bakri Abd. Majid, M. Shabri Abdul Karim, Shamsul Ariffin Financial integration between Indonesia and its major trading partners
description	This study examines stock market integration among the emerging stock market of Indonesia and its major trading partners (Japan, the US, Singapore and China). We employ the newly proposed autoregressive distributed lag (ARDL) approach to cointegration and recent weekly stock market data spanning from July 1998 to December 2007. The results indicate the Indonesian stock market is cointegrated with the stock markets of the US, Japan, Singapore and China. Thus, this implies that the opportunities for international investors to gain benefits from international portfolio diversification in those markets are limited. In addition, any development in Japan, the US, Singapore and China markets should be considered by the Indonesia government in making policies regarding to the stock market of Indonesia.
format	Article
author	Abdul Karim, Bakri Abd. Majid, M. Shabri Abdul Karim, Shamsul Ariffin
author_facet	Abdul Karim, Bakri Abd. Majid, M. Shabri Abdul Karim, Shamsul Ariffin
author_sort	Abdul Karim, Bakri
title	Financial integration between Indonesia and its major trading partners
title_short	Financial integration between Indonesia and its major trading partners
title_full	Financial integration between Indonesia and its major trading partners
title_fullStr	Financial integration between Indonesia and its major trading partners
title_full_unstemmed	Financial integration between Indonesia and its major trading partners
title_sort	financial integration between indonesia and its major trading partners
publishDate	2009
url	http://irep.iium.edu.my/7693/ http://irep.iium.edu.my/7693/ http://irep.iium.edu.my/7693/1/MPRA_paper_17277.pdf
first_indexed	2023-09-18T20:17:12Z
last_indexed	2023-09-18T20:17:12Z
_version_	1777407866881179648

Financial integration between Indonesia and its major trading partners

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