Capital Market Integration in the Pacific Basin Region : An Analysis of Real Interest Rate Linkages »
Series: IMF Working Papers
Author(s): Kate Phylaktis
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1995
Keywords: capital market, real interest rate, real interest rates, capital market integration, capital flows
This paper investigates the extent to which financial markets in the Pacific Basin Region have become more integrated, by analyzing the comovements of real interest rates. The paper uses cointegration and error cor...