1. Lonie, A.A., Power, D.M. and Sinclair, C.D. (1997). An Investigation of the Stability of Relationships between Returns from Emerging Stock Markets. Applied Financial Economics. 7, pp. 55–72.
2. Morgan and Stanley & Co. Inc. (1994). Global Economic Forum, Emerging market Indices Performance. December Press releases.
3. Pedroni, P. (1995). Panel Cointegration; Asymptotic and Finite Sample Properties of Pooled Time Series Tests with an Application to the PPP Hypothesis. Indiana University Working Papers in Economics. (Indiana University, Indianapolis, IN, USA) No. 95–013, June.
4. Pedroni, P. (1999). Critical Values for Cointegration Tests in Heterogeneous Panels with Multiple Regressors. Oxford Bulletin of Economics and Statistics. 61, pp. 653–678.
5. Stiglitz, J.E. (1985). Credit markets and the control of capital. Journal of Money, Credit and Banking. 17 (2), pp. 133–152.