Time varying integration amongst the South Asian equity markets: An empirical study

摘要: AbstractIn this paper, we examine the dynamic nature of equity market integration for South Asian countries. The daily data local indices are used from 6 January 2004 to 31 March 2015. Copula GARCH models and Diebold Yilmaz methodology have been employed study inter-temporal process integration. Empirical results show that sample countries region exhibit very little or no levels between them. Equity portfolio flows within reconfirms trend low in region. Further, analysis fundamental determinants financial SAARC was performed same compared with its neighbouring regional economic bloc Asia i.e. ASEAN + 6. It indicated sincere political commitment require collaboration efforts policy realignment work on their governance parameters, improve trade linkages tariffs de...