{"product_id":"diversifying-in-the-integrated-markets-of-asean-3-von-emelie-nordell-und-caroline-stark","title":"Diversifying in the Integrated Markets of ASEAN+3","description":"\u003cp\u003eThere is evidence that globalization, economic assimilation and  integration among countries and their financial markets have  increased correlation among stock markets and the correlation may  in turn impact investors'' allocation of their assets and economic  policies. We have conducted a quantitative study with daily stock  index quotes for the period January 2000 and December 2009 in  order to measure the eventual correlation between the markets of  ASEAN+3. This economic integration consists of; Indonesia,  Malaysia, Philippines, Singapore, Thailand, China, Japan and South  Korea.  The purpose of the study is to conduct a research that will provide  investors with information about stock market correlation within the  chosen market. The main theories discussed are; market efficiency,  risk and return, Modern Portfolio Theory, correlation and  international investments.  We found that most of the ASEAN+3 countries were strongly  correlated with each other. Based on this we concluded that  economic integration seems to increase correlation between stock  markets.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838394305\"\u003e\u003ch3\u003eA Quantitative Study of Stock Market Correlation\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838394305","offer_id":39469263847517,"sku":"9783838394305","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8346315f-6638-4c48-9d74-660e657384c5.jpg?v=1759036242","url":"https:\/\/shop.autorenwelt.de\/products\/diversifying-in-the-integrated-markets-of-asean-3-von-emelie-nordell-und-caroline-stark","provider":"Autorenwelt Shop","version":"1.0","type":"link"}