(Dis)integration levels across global stock markets: A multidimensional scaling and cluster analysis
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.
(dis)integration levels global stock market (gsm) multidimensional scaling (mds) agglomerative hierarchical clustering (ahc)