Object's details: Analiza krótko- i długookresowych związków pomiędzy giełdami azjatyckimi a rynkiem europejskim i amerykańskim

Description

• PLMET:
  
  http://confluence.man.poznan.pl/community/display/FBCMETGUIDE
• Title:
  
  
  Analiza krótko- i długookresowych związków pomiędzy giełdami azjatyckimi a rynkiem europejskim i amerykańskim
• Alternative title:
  
  
  Analysis of the short and long-term relationship between Asian exchanges and the European and American markets
• Group publication title:
  
  
  Ekonomia – Wroclaw Economic Review. 2020, 26/1
• Creator:
  
  
  Pielucha, Daria
  
• Subject and Keywords:
  
  
  Asian markets
   ;
  distributed lag models
   ;
  co-integration
• Description:
  
  Od 2013: Ekonomia – Wroclaw Economic Review
• Abstract:
  
  
  The aim of the article is to assess the relations between the Chinese and Japanese stock exchanges in relation to the American and European markets represented by the German market and to assess the impact of price fluctuations of the S&P500 and DAX indices on Asian stock exchange indices. In the study, the ADF test was used, according to which the degree of integration of the studied processes was determined and an appropriate class of distributed lag models and error correction was selected for the assessment of short- and long-term dependencies. The results of the conducted analysis clearly indicate that Asian exchanges are linked to both the American and German markets, but only in the case of index pairs NI225-DAX and SSEC-SP500 was the co-integration of processes confirmed, i.e. their joint pursuit of a long-term balance. In the case of the remaining pairs, co-integration has not been confirmed, which means that there is a spurious correlation and therefore, a correct analysis of the mutual relations in these cases allows only short-term relationships to be detected. The results of the article may be helpful in choosing an investment strategy on Asian exchanges adapted to its time horizon.
• Place of publishing:
  
  
  Wrocław
• Publisher:
  
  
  Wydawnictwo Uniwersytetu Wrocławskiego
• Contributor:
  
  
  Machaj, Mateusz
  :
  Redaktor,
• Date issued:
  
  2020
• Resource Type:
  
  
  text
   ;
  
  
  tekst
• Detailed Type:
  
  
  article
   ;
  
  
  artykuł
• Identifier:
  
  oai:repozytorium.uni.wroc.pl:136573  ; https://doi.org/10.19195/2658-1310.26.1.9  ;
  ISSN 0239-6661
   ;
  ISSN 2658-1310
• Language:
  
  pol
• Abstract Language :
  
  eng
• Relation:
  
  
  Acta Universitatis Wratislaviensis, 0239-6661, No 3991
• WUL Catalog:
  
  
  https://katalog.bu.uni.wroc.pl/lib/item?id=chamo:109884
• Is version of:
  
  
  Czasopisma Naukowe w Sieci
• Access rights:
  
  
  The use of this material is allowed only with accordance of applicable rules of fair use or other exceptions provided by law, and any broader use requires the permission of the authorized entity
   ;
  
  
  Korzystanie z tego materiału jest możliwe zgodnie z właściwymi przepisami o dozwolonym użytku lub innych wyjątkach przewidzianych w przepisach prawa, a korzystanie w szerszym zakresie wymaga uzyskania zgody uprawnionego
• License:
  
  
  Making materials available on the basis of the agreement with the owner of the property copyrights
   ;
  
  
  Udostępnianie na podstawie umowy z właścicielem majątkowych praw autorskich
• Rights holder:
  
  Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o., Wrocław 2020
   ;
  Copyright by CNS
• Location of original object:
  
  
  Biblioteka Wydziału Prawa, Administracji i Ekonomii
• Autor opisu:
  
  WR U/PAdks

Object is located in the collections:

Additional information

• Creation date: 2023-03-03
• Last modification date: 2024-08-12
• Content object's number of views: 136
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   ;
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• Download IIIF manifest:
  https://repozytorium.uni.wroc.pl/iiif-manifest/manifest/136573/PDF.json