Integration of Arab capital markets in light of the 2006 market corrections. (c2007)

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dc.contributor.author Bogharian, Mireille K.
dc.date.accessioned 2011-10-27T08:05:04Z
dc.date.available 2011-10-27T08:05:04Z
dc.date.copyright 2007 en_US
dc.date.issued 2011-10-27
dc.date.submitted 2007-08
dc.identifier.uri http://hdl.handle.net/10725/926
dc.description Includes bibliographical references (leaves 68-75). en_US
dc.description.abstract Arab capital markets have gained momentum since the tum of the century ignited by high oil prices and excess liquidity. In 2006, however, market corrections took place and financial contagion was observed in different Arab countries. The objective of this study is to explore if the capital markets of MEN A in general and the Gee countries in particular are integrated inter-regionally and intra-regionally with world developed capital markets. Using daily market price indices over the period 2000-2006 and the Johansen co-integration methodology, the findings reveal that Gee capital markets have a low degree of integration, and that MENA markets as a whole show a moderate level of integration. At the global level, MENA and Gee capital markets are segregated from developed markets, presenting opportunities for risk diversification to international investors. In order to pave the way for the Gee currency integration in 2010, it is recommended that Arab countries liberalize capital markets and set-up a common regulatory framework for harmonizing investing rules, listing requirements, and clearing systems across markets. en_US
dc.language.iso en en_US
dc.subject Middle East -- Economic integration en_US
dc.subject Africa, North -- Economic integration en_US
dc.subject Capital market -- Arab countries en_US
dc.title Integration of Arab capital markets in light of the 2006 market corrections. (c2007) en_US
dc.type Thesis en_US
dc.term.submitted Summer I en_US
dc.author.school SOB en_US
dc.author.idnumber 200402284 en_US
dc.author.commembers Saad Andary en_US
dc.author.commembers Anwar BouMosleh en_US
dc.author.woa OA en_US
dc.author.department Master of Bus. Administration en_US
dc.description.physdesc 1 bound copy: vii, 75 leaves; 30 cm. available at RNL. en_US
dc.author.division Management en_US
dc.author.advisor Rima Turk Ariss en_US
dc.identifier.doi https://doi.org/10.26756/th.2007.41 en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php en_US

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