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Real Interest Rate Linkages and Capital Market Integration: Evidence from the Americas

Nikiforos T. Laopodis|Bharat Bhalla|Anand G. Shetty
사람과세계경영학회 (People&Global Business Association)|2011.06|Global Business and Finance Review|제16권 제1호|pp. 88-102

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참고문헌

키워드

Real interest rateFinancial marketCapital marketLong-run co-movement

초록

In this paper, we study the long-run co-movement among the real interest rates of the U.S., Canada, and a select group of Latin American countries to assess the extent of financial market integration among these countries during a period of high capital mobility. The findings of the study support a long-run relationship between the short-term U.S. real interest rate and those of Canada and the Latin American countries except Mexico.

Abstract

In this paper, we study the long-run co-movement among the real interest rates of the U.S., Canada, and a select group of Latin American countries to assess the extent of financial market integration among these countries during a period of high capital mobility. The findings of the study support a long-run relationship between the short-term U.S. real interest rate and those of Canada and the Latin American countries except Mexico.

참고문헌 (26)

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관련 논문AI추천

U.S. INTEREST RATES AND PORTFOLIO INVESTMENTS IN LATIN AMERICAJiawen Yang사람과세계경영학회 · Global Business and Finance Review1997 · 제2권 제1호Nonlinear Dynamics of Real Interest Rates across Countries정상국한국금융공학회 · 金融工學硏究2008 · 제7권 제4호Financial Market Integration and Income Inequality김경훈, 정재욱대외경제정책연구원 · East Asian Economic Review2021 · 제25권 제2호New Empirical Evidence for the Fisher Relation: Integration and Short-run Instability김재영, 박웅용경제연구소 · Seoul Journal of Economics2015 · 제28권 제4호REAL EXCHANGE RATES IN LATIN AMERICA: THE PPP HYPOTHESIS AND FRACTIONAL INTEGRATIONGUGLIELMO MARIA CAPORALE, Luis A. Gil-Alana경제연구소 · Journal of Economic Development2010 · 제35권 제2호The Measurement of International Capital Mobility Using Panel Cointegration Estimators김홍기경제연구소 · Seoul Journal of Economics2004 · 제17권 제2호

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