Financial crisis and African stock market integration Academic Article uri icon

abstract

  • This article examines long-run relationships and short-run dynamic causal linkages among the five largest emerging African stock markets and the US market, with particular attention to the 1997-1998 global emerging market crisis. In general, interdependence between the African markets and the influence of the US on these markets was limited during 1996-2002. There is evidence that both long-run relationships and short-run causal linkages between these markets were substantially weakened after the crisis.

published proceedings

  • Applied Economics Letters

author list (cited authors)

  • Wang, Z., Yang, J., & Bessler, D. A.

citation count

  • 42

complete list of authors

  • Wang, Z||Yang, J||Bessler, DA

publication date

  • July 2003