(Dis)integration levels across global stock markets: A multidimensional scaling and cluster analysis

作者：

Highlights：

• A visual inspection over 41 global stock indexes is conducted.

• We use MDS and AHC methods to detect (dis)integration levels and clusters.

• For each level and cluster, the abnormal indexes are detected.

• Using most integrated indexes, we report their linkage in 12 different time periods.

摘要

•A visual inspection over 41 global stock indexes is conducted.•We use MDS and AHC methods to detect (dis)integration levels and clusters.•For each level and cluster, the abnormal indexes are detected.•Using most integrated indexes, we report their linkage in 12 different time periods.

论文关键词：(Dis)integration levels,Global stock market (GSM),Multidimensional scaling (MDS),Agglomerative Hierarchical Clustering (AHC)

论文评审过程：Received 16 April 2015, Revised 5 June 2015, Accepted 29 June 2015, Available online 4 July 2015, Version of Record 29 August 2015.

论文官网地址：https://doi.org/10.1016/j.eswa.2015.06.053