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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...
| Call Number: | Libro Electrónico |
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| Corporate Author: | |
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| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Series: | IMF Working Papers ;
Working Paper no. 06/187. |
| Subjects: | |
| Online Access: | Texto completo |
Table of Contents:
- Contents
- I. INTRODUCTION
- II. MAJOR DEVELOPMENTS OF THE JORDANIAN CAPITAL MARKET
- III. LINKAGES OF THE ASE TO MAJOR ARAB, EMERGING, AND DEVELOPED STOCK MARKETS
- IV. STRENGTHS, VULNERABILITIES, AND MACROECONOMIC LINKAGES OF THE ASE
- V. CONCLUSIONS
- REFERENCES