Información del artículo
Resumen
El presente artículo analiza la correlación entre Estados Unidos y Asia teniendo en cuenta el impacto de la crisis financiera actual. Dentro de los países asiáticos se escoge un mercado desarrollado, Japón, y distintos mercados emergentes, entre los cuales se encuentran los tigres asiáticos, los tigres menores y China. Los resultados empíricos muestran que a medida que el grado de desarrollo del mercado asiático analizado disminuye, la correlación con Estados Unidos es inferior.
Palabras clave:
Correlación
Mercados financieros internacionales
crisis
Abstract
This paper analyses the behaviour of correlations between the USand the Asian stock markets taking into account the effect of the Global Financial crisis. Within the Asian markets, one Asian mature country, Japan, and ten emerging markets, which are the four Asian Tigers, the four Asian Tiger Cubs and China, are included in the sample. Empirical results show the level of correlations depends on the country's grade of development.
Keywords:
Correlation
International financial markets
crises
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