Multimarket Trading, Volume Dynamics, and Market Integration

2009 ◽  
Author(s):  
Michael Halling ◽  
Pamela C. Moulton ◽  
Marios A. Panayides
Keyword(s):  
Market Integration ◽  
Trading Volume ◽  
Multimarket Trading

Jardine Matheson Group's Delisting from the Stock Exchange of Hong Kong: Evidence on International Market Integration/Segmentation

2006 ◽  
Vol 09 (02) ◽  
pp. 213-228 ◽  
Author(s):  
Andrew Carverhill ◽  
Alex W. H. Chan
Keyword(s):  
Hong Kong ◽  
Market Segmentation ◽  
Business Strategy ◽  
Market Integration ◽  
Trading Volume ◽  
Stock Exchange ◽  
International Market ◽  
Multivariate Garch ◽  
Major Group ◽  
Group Members

In 1994–1995, Jardine Matheson Group delisted its five major group members from the Stock Exchange of Hong Kong, so that their trading was transferred to Singapore. We document that the trading volume of these five stocks fell after the delisting, and that they became less correlated with the Hong Kong market. We use a multivariate GARCH framework, which also allows us to present the correlations dynamically. We argue that this is evidence in favor of international market segmentation, since the delisting was not associated with a change in the business strategy of the Group.

Coevolution of Market Integration and Fairness Norms

PsycCRITIQUES ◽  
2015 ◽  
Vol 60 (4) ◽  
Author(s):  
Chi-Yue Chiu ◽  
Letty Yan-Yee Kwan
Keyword(s):  
Market Integration ◽  
Fairness Norms

Trends of Regional Integration on the Post-Soviet Space: Results of Quantitative Analysis

2010 ◽  
pp. 94-107 ◽  
Author(s):  
E. Vinokurov ◽  
A. Libman
Keyword(s):  
Regional Integration ◽  
Market Integration ◽  
Trade Integration ◽  
Economic Community ◽  
Small Countries ◽  
Economic Interaction ◽  
Leading Position ◽  
Soviet Space ◽  
And Migration ◽  
Post Soviet Space

The paper applies a new dataset of the System of Indicators of Eurasian Integration to evaluate the changes of level and direction of economic interaction of the post-Soviet states in the last decade. It analyzes the integration dynamics in the area of trade and migration as well as on three functional markets of agricultural goods, electricity and educational services. The paper concludes that the level of trade integration on the post-Soviet space continues declining, while there is a rapid increase of the labor market integration. Three largest countries of the Eurasian Economic Community - Russia, Belarus and Kazakhstan - demonstrate positive integration dynamics, but small countries maintain the leading position in the area of post-Soviet integration.

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