The question for this thesis is whether the four major stock markets--the United States, Great Britain, West Germany, and Japan are interdependent or segmented. The study period runs from February 1979 to June 1987, with the Wall Street Journal as a source of data. The Granger causality test is used to test for relationships among the four major stock markets. The thesis is divided into five chapters-- 1) statement of the problem; 2) survey of literature; 3) methodology; 4) results and 5) conclusions. The overall findings of this thesis indicate that there are few or no comovement similarities among all the four stock markets. However, the findings do point out the significant influence of the United States stock market on the other three stock markets.
| Identifer | oai:union.ndltd.org:unt.edu/info:ark/67531/metadc500682 |
| Date | 08 1900 |
| Creators | Cheong, Onn Kee |
| Contributors | Smith, Kenneth Leon, Brocato, Joe M. |
| Publisher | University of North Texas |
| Source Sets | University of North Texas |
| Language | English |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Format | v, 41 leaves : ill., Text |
| Coverage | United States, England, Scotland, Wales, Germany, Japan, 1979-1987 |
| Rights | Public, Cheong, Onn Kee, Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved. |
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