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Directory UMM :Data Elmu:jurnal:M:Multinational Financial Management:Vol11.Issue1.2001:

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Table 1 KPSS test a L = 10 L = 20L = 0 Pre-crash prices 26.710 1.3170US2.4739 1.4204UK27.8412.6196 19.584Canada 1.8122 0.9659 26.456Germany 2.4386 1.2955 1.7151France35.1873.2365 2.732229.372 1.4630Japan Hong Kong 37.700 3.4772 1.8468 Australia 33.105 3.05
Fig. 2. Phase between US and Hong Kong stock indexes: pre- vs. post-crash.
Fig. 3. Coherence between US and Australian indexes: pre- vs. post-crash.
Fig. 5. Coherence between Canadian and Japanese indexes: pre- vs. post-crash.
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Directory UMM :Data Elmu:jurnal:M:Multinational Financial Management:Vol11.Issue1.2001:

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