INTERNATIONAL DEBT DIVERSIFICATION IN BRICS COUNTRIES

EUNICE, LIM KAH MUN (2013) INTERNATIONAL DEBT DIVERSIFICATION IN BRICS COUNTRIES. [Final Year Project Report] (Unpublished)

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Abstract

The purpose of this study is to determine presence of relationship in debt market among BRICS countries. Debt portfolio in BRICS countries is being investigated to ensure the countries are not inter-related. This is because portfolio diversification will be feasible if the debt variables not correlated. In addition, a well-diversified debt portfolio will result a lower default risk and increase funding at a cheaper cost as investment enters the market internationally. This study uses Augmented Dickey Fuller (ADF) unit root test, Philip-Perron (PP) unit root test, Johansen-Juselius (JJ) cointegration test and Granger causality test based on vector error correction model (VECM). Data used in this study covers the sample period from 1998:Q1 to 2011:Q4. The empirical result of this study shows there is long run relationship among BRICS countries.

Item Type: Final Year Project Report
Additional Information: Project report (BoF) -- Universiti Malaysia Sarawak, 2013.
Uncontrolled Keywords: Debt portfolio, market internationally, long run relationship
Subjects: H Social Sciences > HG Finance
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User: Dan
Date Deposited: 02 Dec 2021 08:55
Last Modified: 02 Aug 2023 06:58
URI: http://ir.unimas.my/id/eprint/36918

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