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Author Petri, Martin.

Title The Jordanian Stock Market : Should You Invest in it for Risk Diversification or Performance? / Petri, Martin
Published Washington, D.C. : International Monetary Fund, 2006
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Description 1 online resource (38 pages)
Series IMF Working Papers, 2227-8885 ; Working Paper No. 06/187
IMF Working Papers ; Working Paper no. 06/187
Summary 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
Notes Available in PDF, ePUB, and Mobi formats on the Internet
Subject Būrṣat ʻAmmān.
Cointegration -- Arab countries.
Stock exchanges -- Arab countries.
Form Electronic book
Author Petri, Martin.
Saadi-Sedik, Tahsin.
International Monetary Fund.
ISBN 1451989989