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Maneschiöld, Per-Ola
Publications (6 of 6) Show all publications
Maneschiöld, P.-O. (2007). Portfolio Diversification Benefits Between Swedish and Mexican Stock Markets. In: Ignacio Perrotini Hernández and Fadi Zaher (Ed.), Studies of Sweden and Mexico: economics, finance, trade and environment. Paper presented at 1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005 (pp. 77-93). Skövde: University of Skövde
Open this publication in new window or tab >>Portfolio Diversification Benefits Between Swedish and Mexican Stock Markets
2007 (English)In: Studies of Sweden and Mexico: economics, finance, trade and environment / [ed] Ignacio Perrotini Hernández and Fadi Zaher, Skövde: University of Skövde , 2007, p. 77-93Conference paper, Published paper (Refereed)
Place, publisher, year, edition, pages
Skövde: University of Skövde, 2007
National Category
Social Sciences
Identifiers
urn:nbn:se:his:diva-2154 (URN)978-91-633-1070-6 (ISBN)
Conference
1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005
Available from: 2008-06-09 Created: 2008-06-09 Last updated: 2017-11-27
Maneschiöld, P.-O. (2006). Integration between the Baltic and international stock markets. Emerging markets finance & trade, 42(6), 25-45
Open this publication in new window or tab >>Integration between the Baltic and international stock markets
2006 (English)In: Emerging markets finance & trade, ISSN 1540-496X, E-ISSN 1558-0938, Vol. 42, no 6, p. 25-45Article in journal (Refereed) Published
Abstract [en]

Using cointegration tests, this paper analyzes the existence of long-run relationships among Baltic stock markets and major international stock markets, including the United States, Japan, Germany, the United Kingdom, and France. Bivariate and multivariate cointegration tests indicate a common trend linking Latvia to European markets. Evidence indicates that the German market dominates this long-run relationship. In general, short-term Granger causality indicates causality running from the European markets to the Baltic markets, as well as among the Baltic states, excepting Latvian and Lithuanian short-term effects on the Estonian market. Overall, the results suggest that international investors can obtain diversification benefits given a long-term investment horizon because of the low degree of integration between the Baltic and international capital markets.

Place, publisher, year, edition, pages
M. E. Sharpe, 2006
Keywords
Baltic states, cointegration, stock markets
National Category
Social Sciences
Research subject
Humanities and Social sciences
Identifiers
urn:nbn:se:his:diva-6902 (URN)10.2753/REE1540-496X420602 (DOI)000242684000003 ()2-s2.0-33845780215 (Scopus ID)
Available from: 2012-12-11 Created: 2012-12-11 Last updated: 2017-12-07Bibliographically approved
Maneschiöld, P.-O. (2005). International diversification benefits between US, Turkish and Egyptian stock markets. Review of Middle East Economics and Finance, 3(2), 115-133
Open this publication in new window or tab >>International diversification benefits between US, Turkish and Egyptian stock markets
2005 (English)In: Review of Middle East Economics and Finance, ISSN 1475-3685, E-ISSN 1475-3693, Vol. 3, no 2, p. 115-133Article in journal (Refereed) Published
Abstract [en]

International portfolio diversification benefits between US stock markets and corresponding markets in Turkey and Egypt are examined from a short- and long-term perspective. The Johansen cointegration procedure reveals cointegration at the general index level related to some but not all sub-indexes investigated. Granger causality indicates, in general, causality running between USA and Turkey but only isolated cases involving Egypt. Overall, the results suggest that US investors can obtain diversification benefits at a sub-index level given a long-term investment horizon restricted to positions in one but not both Middle Eastern markets in one and the same portfolio. Short-term benefits involve the Egyptian market related to two out of three sub-indexes.

Place, publisher, year, edition, pages
Walter de Gruyter, 2005
National Category
Social Sciences
Identifiers
urn:nbn:se:his:diva-1685 (URN)10.1080/14753680500166458 (DOI)
Available from: 2007-08-13 Created: 2007-08-13 Last updated: 2017-12-12Bibliographically approved
Maneschiöld, P.-O. (2005). Portfolio diversification benefits between Swedish and Mexican stock markets. In: Studies of Sweden and Mexico: economics, finance, trade and environment : [research papers presented at the 1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005]. Paper presented at 1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005. Skövde: University of Skövde
Open this publication in new window or tab >>Portfolio diversification benefits between Swedish and Mexican stock markets
2005 (English)In: Studies of Sweden and Mexico: economics, finance, trade and environment : [research papers presented at the 1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005], Skövde: University of Skövde , 2005Conference paper, Published paper (Other academic)
Place, publisher, year, edition, pages
Skövde: University of Skövde, 2005
Identifiers
urn:nbn:se:his:diva-1801 (URN)
Conference
1st Mexico-Sweden Conference on Trade, Development and Environment, Skövde, November 2-4, 2005
Available from: 2007-09-03 Created: 2007-09-03 Last updated: 2017-11-27
Maneschiöld, P.-O. (2004). Modelling exchange rate volatility: evidence from Sweden. Economia Internazionale: International Economics, 17(2), 145-172
Open this publication in new window or tab >>Modelling exchange rate volatility: evidence from Sweden
2004 (English)In: Economia Internazionale: International Economics, ISSN 0012-981X, Vol. 17, no 2, p. 145-172Article in journal (Refereed) Published
Place, publisher, year, edition, pages
Camera di commercio, industria e agricoltura., 2004
Identifiers
urn:nbn:se:his:diva-1561 (URN)
Available from: 2007-07-16 Created: 2007-07-16 Last updated: 2017-11-27
Hatemi-J, A. & Maneschiöld, P.-O. (2004). The Risk-Adjusted Interest Rate Parity: Panel Data Evidence. Economia internazionale/International Economics, 57(1), 1-10
Open this publication in new window or tab >>The Risk-Adjusted Interest Rate Parity: Panel Data Evidence
2004 (English)In: Economia internazionale/International Economics, ISSN 0012-981X, Vol. 57, no 1, p. 1-10Article in journal (Refereed) Published
Place, publisher, year, edition, pages
Camera di commercio, industria e agricoltura., 2004
Research subject
Humanities and Social sciences
Identifiers
urn:nbn:se:his:diva-2212 (URN)
Available from: 2007-10-08 Created: 2007-10-08 Last updated: 2017-11-27Bibliographically approved
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