IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v51y2006i03ns0217590806002470.html
   My bibliography  Save this article

A Note On The Correlation Relationship Among Singapore, Hong Kong And The Us Capital Markets Since The Hong Kong Handover: Implication For International Portfolio Management

Author

Listed:
  • LEO H. CHAN

    (Finance, Department of Accounting and Finance, School of Management, Delaware State University, 1200 N. DuPont Highway, Dover, DE 19901, USA)

Abstract

In this note, I document the change in correlation between Hong Kong, Singapore and the US financial market indexes using Geweke Measures after the handover of Hong Kong to China. The results show that these relationships have changed significantly. While the feedback relationship between Hong Kong, Singapore and the US markets increase after the handover of Hong Kong, the increases in feedback relationship between Singapore and the US markets is relatively higher compared to the change between Hong Kong and the US markets.

Suggested Citation

  • Leo H. Chan, 2006. "A Note On The Correlation Relationship Among Singapore, Hong Kong And The Us Capital Markets Since The Hong Kong Handover: Implication For International Portfolio Management," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 51(03), pages 335-342.
    • Handle: RePEc:wsi:serxxx:v:51:y:2006:i:03:n:s0217590806002470
    DOI: 10.1142/S0217590806002470
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0217590806002470
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0217590806002470?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. -, 2000. "Equity, development and citizenship," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 14969 edited by Eclac, September.
    2. Phylaktis, Kate & Ravazzolo, Fabiola, 2002. "Measuring financial and economic integration with equity prices in emerging markets," Journal of International Money and Finance, Elsevier, vol. 21(6), pages 879-903, November.
    3. anonymous, 2000. "Consumer privacy protections finalized," Financial Update, Federal Reserve Bank of Atlanta, vol. 13(Jul), pages 1-6.
    4. -, 2000. "Equity, development and citizenship," Documentos de posición del período de sesiones de la Comisión 14969, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Henri L.F de Groot, 2000. "Growth, Unemployment and Deindustrialization," Books, Edward Elgar Publishing, number 1946.
    6. -, 2000. "Medición de la pobreza en el Ecuador," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 31535, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. -, 2004. "Productive development in open economies: summary," Documentos de posición del período de sesiones de la Comisión 13094, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Sojo, Ana, 2001. "Reforming health-care management in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    3. Cimoli, Mario & Correa, Nelson & Katz, Jorge & Studart, Rogério, 2003. "Institutional requirements for market-led development in Latin America," Series Históricas 7792, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. José Antonio Ocampo, 2003. "Developing countries' anti-cyclical policies in a globalized world," Chapters, in: Amitava Krishna Dutt (ed.), Development Economics and Structuralist Macroeconomics, chapter 19, Edward Elgar Publishing.
    5. Ocampo, José Antonio, 2001. "International asymmetries and the design of the International Financial System," Series Históricas 7776, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Hopenhayn, Martín, 2003. "Education, communication and culture in the information society: a Latin American perspective," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    7. -, 2012. "Population, territory and sustainable development," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 22426 edited by Eclac, September.
    8. -, 2004. "Productive development in open economies: summary," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 13094 edited by Eclac, September.
    9. Martner Fanta, Ricardo, 2000. "Automatic fiscal stabilizers," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    10. Machinea, José Luis & Vera, Cecilia, 2005. "Trade, Direct Investment and Production Policies," IDB Publications (Working Papers) 3691, Inter-American Development Bank.
    11. Cagatay, Nilüfer. & Ertürk, Korkuk., 2004. "Gender and globalization : a macroeconomic perspective," ILO Working Papers 993709743402676, International Labour Organization.
    12. Akyüz, Yılmaz., 2006. "From liberalization to investment and jobs : lost in translation," ILO Working Papers 993913203402676, International Labour Organization.
    13. Richard Kozul-Wright & Paul Rayment, 2004. "Globalization Reloaded: An Unctad Perspective," UNCTAD Discussion Papers 167, United Nations Conference on Trade and Development.
    14. -, 2000. "Latin America and the Caribbean in the transition to a knowledge-based society: an agenda for public policy," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 3251 edited by Eclac, September.
    15. Escaith, Hubert & Morley, Samuel, 2001. "El efecto de las reformas estructurales en el crecimiento económico de la América Latina y el Caribe. Una estimación empírica," El Trimestre Económico, Fondo de Cultura Económica, vol. 68(272), pages 469-513, octubre-d.
    16. Schejtman, A. & Berdegué, J., 2008. "Rural Territorial Development," Working papers 004, Rimisp Latin American Center for Rural Development.
    17. Saygılı, Hülya & Saygılı, Mesut, 2011. "Structural changes in exports of an emerging economy: Case of Turkey," Structural Change and Economic Dynamics, Elsevier, vol. 22(4), pages 342-360.
    18. Hopenhayn, Martín, 2001. "Old and new forms of citizenship," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    19. Ocampo, José Antonio, 2011. "Macroeconomy for development: countercyclical policies and production sector transformation," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    20. Uthoff, Andras, 2006. "Gaps in the welfare State and reforms to pension systems in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:serxxx:v:51:y:2006:i:03:n:s0217590806002470. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.