Canadian Center of Science and Education
The financial markets across globe have become distinctly integrated owing to liberalization and globalization policy as well as advancement of information technology. The contagion effect of macroeconomic disturbances or financial crisis, internally and externally, is rapidly disseminating across various economies. The recent global recession of 2007-09 started with US subprime crises and subsequently followed by Lehman brother crisis affected all most all major economies of the world. In this paper explores the stock market integration of leading stock exchanges across various countries during pre and post economic crisis of 2007-09.