Lau, Chi Keung (2010) A Quantitative Assessment of Real and Financial Integration in China - the Markov Switching Approach. International Research Journal of Finance & Economics, 39. pp. 121-133. ISSN 1450-2887
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In this paper, we use the newly developed Markov switching unit root test to examine the status of the real and financial integration of China, Japan, the European Union and the United States based on the empirical validity of real interest parity, uncovered interest parity and relative purchasing power parity. We find strong evidence in favour of those parity conditions and hence conclude that real and financial integration between China and the other four countries is well established.
| Item Type: | Article |
|---|---|
| Subjects: | L100 Economics |
| Department: | Faculties > Business and Law > Newcastle Business School |
| Related URLs: | |
| Depositing User: | Chi Keung Lau |
| Date Deposited: | 30 Sep 2013 10:19 |
| Last Modified: | 19 Nov 2019 09:53 |
| URI: | http://nrl.northumbria.ac.uk/id/eprint/13588 |
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