Chouliaras, Andreas S.; Christopoulos, Apostolos G.; … - In: International Journal of Banking, Accounting and Finance 4 (2012) 3, pp. 232-249
, Italy, Ireland, Greece and Spain (PIIGS) countries during the period 2005 to 2011. To accomplish our objective, we divide … PIIGS markets, especially during the crisis period. Further analysis into a regime switching and GARCH framework confirms … systemic nature of the crisis within the PIIGS countries. …