| Hong L. Chuah,
Please note: Hong has left the "Economics" group at Duke University; some info here might not be up to date.
- Contact Info:
- Education:
Ph.D. Economics; | Duke University | 2005 |
M.S. Economics; | Duke University | 2001 |
B.A. Physics, Economics; | University of Texas at Austin | 1995 |
- Specialties:
-
Financial Economics
Econometrics Macroeconomics
- Research Interests: International asset pricing, empirical finance, emerging stock markets
Current projects:
integration of international equity markets, barriers to investment in equity markets, comovements of international equity markets
My dissertation consists of two related papers that study different aspects of the integration of international equity markets. Over the last several decades, barriers to international investment have gradually been reduced, initially in developed markets and more recently in emerging markets as well. As a result, international equity investments have increased dramatically. This development raises several questions in the field of international asset pricing. Has increased capital mobility across borders led to increased market integration? What are the factors that drive market integration? The first chapter attempts to answer these two questions. It focuses on the factors that drive market integration such as indirect investment barriers and global business cycles. Another empirical fact is that stock markets around the world increasingly move together. The second paper studies whether this increasing co-movement is due to financial integration (through capital flows) or real integration (through trade flows).
- Areas of Interest:
- International asset pricing
Empirical finance Emerging markets
- Keywords:
- International asset pricing • Empirical finance • Emerging markets
- Curriculum Vitae
- Working Papers
- Do Indirect Investment Barriers and Global Business Cycles Drive Market Integration?
(2004) (Job market paper.) [pdf] [abs]
- Are International Equity Market Co-movements Driven by Real or Financial Integration?
(2004) [abs]
- with Van Can Thai, Financial Development and Economic Growth: Evidence from ECM and VAR Causality Tests for the Gulf Cooperation Council Countries,
IMF Working Paper (under review)
(2004) [abs]
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