The Jordanian Stock Market-Should You Invest in It for Risk Diversification or Performance? /
We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating relationship...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2006.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2006/187 |
| 在线阅读: | Full text available on IMF |