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Cited by 594

The DOI matches its Crossref record; 29 of the 29 references it cites were found in a registry or an index.

Time-Varying World Market Integration

Bekaert, Geert, Harvey, Campbell R.·1995·The Journal of Finance
DOI 10.2307/2329414
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Abstract

We propose a conditional measure of capital market integration that allows us to characterize both the cross-section and time-series of expected returns in developed and emerging markets.Our measure, which arises from a conditional regime-switching model, allows us to describe expected returns in countries that are segmented from world capital markets in one part of the sample and become integrated later in the sample.Our results suggest that a number of emerging markets exhibit time-varying integration.Interestingly, some markets appear to be more integrated than one might expect based on prior knowledge of investment restrictions.Other markets appear segmented even though foreigners have relatively free access to their capital markets.

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Metadata

Authors
Bekaert, G., & Harvey, C. R.
Venue
The Journal of Finance
Publisher
JSTOR
Published
1995-06
Volume
50
Issue
2
Pages
403
ISSN
0022-1082 (ISSN-L)
DOI
10.2307/2329414
OpenAlex
W4229685804
Cited by
594
References
29
FWCI
17.08
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Time-Varying World Market Integration. https://app.cochat.ai/papers/10.2307/2329414
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Bekaert, G., & Harvey, C. R. (1995). Time-Varying World Market Integration. The Journal of Finance. https://doi.org/10.2307/2329414

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.