This research proposed a graphical method that can defer insights possible similarities across stock markets in key America, Asia, and Europe. The multi-dimensional scaling (MDS) technique was applied to visualize dynamics of cross-dependencies across stock markets before and after introduction of the Euro. Data consists of 5541 daily returns of 13 stock markets which include two US markets, seven Europe markets and four Asia markets from 1986 to 2007.
stock markets returns, multi-dimensional scaling, regression analysis, America, Asia, Europe, graphical method
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