Quicksearch
Table of contents alert
Do you want to receive an email alert about new issue?



   

Volume 56, Issue 7 -8

top

World Equity Markets: A New Approach for Segmentation (in English)

Curto, José Diaz; Fernandes, Joao Eduardo; Pinto, José Castro

Year: 2006   Volume: 56   Issue: 7 -8   Pages: 344-360

Abstract: This paper is an assessment of international equity-market integration and uses an innovative approach to segment equity markets into related geographic areas. The authors´ focus is on the relationships among the returns of the dominant national equity indexes by continent. To understand how these indexes have evolved, the authors will concentrate on a reduced number of dimensions extracted from principal components analysis. They will demonstrate that each one of these components is particularly associated with certain groups of nations and less associated with others.

JEL classification: C10, E44, G15, O57

Keywords: interaction; principal components analysis; returns

RePEc: http://ideas.repec.org/a/fau/fauart/v56y2006i7-8p344-360.html

pdf Attachment [PDF] print Print   Recommend to others Recommend to others
bottom