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Do Changes on Sovereign Credit Rating Have Impacts on the Interdependence of Stock Markets in the Asian Pacific Emerging Markets?

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Figure

Table 1. Summary descriptions of stock market index returns.
Table 22. Summary descriptions of sovereign ratings events (1994.1.5-2013.11.15).
Table 3. Summary of description of time-varying conditional correlations.
Table 4. Right tail test of the mean and median of Jennrich chi-square statistics.
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