Cointegration in equity markets: a comparison between South African and major developed and emerging markets
Cointegration has important implications for portfolio diversification. One of these is that in order to spread risk it is advisable to invest in markets that are not cointegrated. Over the last several decades communication technology has made the world a smaller place and hence cointegration in eq...
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| Format: | Others |
| Language: | English |
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Rhodes University
2011
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| Online Access: | http://hdl.handle.net/10962/d1005539 |