Actions for The Jordanian Stock Market--Should You Invest in It for Risk Diversification or Performance? [electronic resource]

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The Jordanian Stock Market--Should You Invest in It for Risk Diversification or Performance? [electronic resource]

Author
Petri, Martin
Published
Washington : International Monetary Fund Aug. 2006
Physical Description
45 p.
Additional Creators
Saadi-Sedik, Tahsin
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Summary
Annotation We analyze the performance of the Amman Stock Exchange (ASE) and its integration with other markets. Using cointegration techniques, we find that the ASE and other Arab stock markets are cointegrated, which implies little long-run risk diversification. However, there is no cointegrating relationship between the ASE and other emerging or developed stock markets. Two of the main regional stock markets-Kuwait and Saudi Arabia-Grangercause the Jordanian stock market. the paper finds that there may have been some overvaluation at end-2005, but that the market correction in early 2006 and strong recent earnings growth have reduced overvaluation concerns.
Genre(s)
ISBN
9781451864472
1451864477 (Trade Paper)
View MARC record | catkey: 44819073