The evolution of interdependence in worl
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Ricardo Coelho; Claire G. Gilmore; Brian Lucey; Peter Richmond; Stefan Hutzler
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Article
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2007
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Elsevier Science
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English
β 409 KB
The concept of a minimum spanning tree is used to study the process of market integration for a large group of national stock market indices. We show how the asset tree evolves over time and describe the dynamics of its normalized length, mean occupation layer, and single-and multiple-step linkage s