Stock Market Integration between the UK and the US: Evidence over eight decades

‘ResearchToday!’ is a seminar series that shows research from the Business School, and is a forum to foster the collaboration among colleagues

About this event

Time: All day
Event Name Stock Market Integration between the UK and the US: Evidence over eight decades
Start Date 27th Jun 2019 12:00pm
End Date 27th Jun 2019 1:00pm
Duration 1 hour
Description

Interested guests are always welcome, from within or outside of the university! No registration is needed if you are internal, please just join us. If you are external to the University, please just send us an email to let us know you will be joining us, and we will inform our reception desk to expect you. Contact and further information: Research Manager for the School of Business, email: busresearch@lsbu.ac.uk

This week's seminar presentation will be given by Dr Lekan Aladesanmi, Economics Lecturer & Associate Course Director in the School of Business at LSBU. To give you a taste of the session, a brief abstract can be found below:

This study investigates how the impact made on stock market integration by macroeconomic determinants such as various measures of convergence and financial volatility, as well as crisis episodes, varies over the period 1935–2015. We gauge how the level of integration between the UK and US stock markets changes across three monetary regimes during this period: pre–Bretton Woods (BW), the BW fixed exchange rate, and the post-BW flexible rates. Our empirical results suggest that integration was strongest under the post-BW regime and weakest under the BW regime. We further demonstrate that stock market integration between the two markets has been driven largely by macroeconomic convergence and financial volatility as well as by crises, especially since the demise of the BW system.

Though the event finishes at 1pm, there will be an informal discussion continues until 2pm for those who wish to stay.