Financial integration of foreign exchange and money markets : evidence from MENA

Somar Alomhamad; Anil V. Mishra

Financial integration of foreign exchange and money markets : evidence from MENA

Western Sydney University

Research output: Chapter in Book / Conference Paper › Chapter

Abstract

Research in this chapter investigates the dynamic linkages among foreign exchange and money markets for MENA countries. The chapter also explores the impact of internal and external shocks, especially the global financial crisis, on these markets. The results in this chapter state that the financial markets in the MENA region are not isolated from global events. Furthermore, the financial markets in the MENA region are cointegrated at both regional and an international level, yet not fully bound to developed markets.

Original language	English
Title of host publication	Handbook of Global Financial Markets: Transformations, Dependence and Risk Spillovers
Editors	Sabri Boubaker, Duc Khuong Nguyen
Place of Publication	Singapore
Publisher	World Scientific Publishing
Pages	221-253
Number of pages	33
ISBN (Print)	9789813236646
Publication status	Published - 2019

Keywords

Africa
Middle East
foreign exchange
money market

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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abstract = "Research in this chapter investigates the dynamic linkages among foreign exchange and money markets for MENA countries. The chapter also explores the impact of internal and external shocks, especially the global financial crisis, on these markets. The results in this chapter state that the financial markets in the MENA region are not isolated from global events. Furthermore, the financial markets in the MENA region are cointegrated at both regional and an international level, yet not fully bound to developed markets.",

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AU - Alomhamad, Somar

AU - Mishra, Anil V.

PY - 2019

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N2 - Research in this chapter investigates the dynamic linkages among foreign exchange and money markets for MENA countries. The chapter also explores the impact of internal and external shocks, especially the global financial crisis, on these markets. The results in this chapter state that the financial markets in the MENA region are not isolated from global events. Furthermore, the financial markets in the MENA region are cointegrated at both regional and an international level, yet not fully bound to developed markets.

AB - Research in this chapter investigates the dynamic linkages among foreign exchange and money markets for MENA countries. The chapter also explores the impact of internal and external shocks, especially the global financial crisis, on these markets. The results in this chapter state that the financial markets in the MENA region are not isolated from global events. Furthermore, the financial markets in the MENA region are cointegrated at both regional and an international level, yet not fully bound to developed markets.

KW - Africa

KW - Middle East

KW - foreign exchange

KW - money market

UR - https://hdl.handle.net/1959.7/uws:53189

M3 - Chapter

SN - 9789813236646

SP - 221

EP - 253

BT - Handbook of Global Financial Markets: Transformations, Dependence and Risk Spillovers

A2 - Boubaker, Sabri

A2 - Nguyen, Duc Khuong

PB - World Scientific Publishing

CY - Singapore

ER -

Financial integration of foreign exchange and money markets : evidence from MENA

Abstract

Keywords

UN SDGs

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