Stock Markets Linkages- Evidence from Bric

Abstract

present study focuses on determining the existence of long term and short term relationship among the BRIC countries. The study has been carried out to understand the fact whether economic integration mitigates the chances of risk reduction by portfolio diversification. BRIC countries have been chosen because of their economic potential. The study aims at examining the impact of these economies on each other and observed the integration among their stock markets by taking the closing daily values of benchmark indices.