Abstract Understanding the degree of interdependence between national stock markets and the nature of their relationship (market dominance, a transmission mechanism, and degree of responsiveness to information flows) have implications for market stability and international diversification (Eun and Shim, 1989; Chowdhury, 1994). In this paper, I will empirically examine the short-run relationships between the US… Continue reading Dynamic linkages between the US stock market and the stock markets of European economies
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