Economics, Econometrics and Finance
8 years ago

Globalization boosts stock market integration, making predictions impossible.

International Journal of Commerce and Management
Impact of globalization on stock market synchronization: some empirical evidence
Mohammed I. Ansari

Paper Summary

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The article examines how globalization affects the synchronization of international stock markets. Data from ten major markets from 1990 to 2005 was analyzed. Tests showed that each market is random and cannot be predicted, indicating weak-form efficiency. The tests also revealed a strong long-term relationship between all markets, suggesting that globalization has significantly impacted international financial integration.