An Analysis of the Relationship between the Stock Markets of China and other BRICS Countries, the United States and Australia

This book presents an integrating theoretical and empirical study of the co-movement and time-varying correlations between the stock markets of China and other BRICS countries including Brazil, India, Russia and South Africa, the United States and Australia. It is motivated by the global integration of capital markets and the resultant decline in the potential benefits of diversification. This book fills the gap in the research regarding this issue, as prior research has investigated the benefits of diversification for investors from developed markets. Topics include Capital markets, Globalization, China, BRICS countries.