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The concept of economic convergence is nowadays both a challenge and an ambitious objective. In this concept one may find equality in growth through a dynamic “catching up” relationship. A gigantic economy such as China came back on the global scene through a miraculous growth trip that occurred during the last thirty years. Regionalism though, which was a distinct trait of this economy seems to h

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Purpose: This study aims to examine the price transmission among ADRs (American Depositary Receipts) and their underlying shares, US market index and Hong Kong market index. We will attempt to capture how a shock in the home market is transmitted to the foreign (and vice versa). In addition we will attempt to assess the relative weight of each variable in the system generating unexpected variation