The focus of this paper is currency crisis, particularly the evaluation of the models that attempt to forecast currency crisis. Here, the aim is to investigate the impacts of definition differences on Early Warning Systems. In order to show that significances of the crisis indicators are...

This paper aims to investigate the international integration of stock markets of emerging European countries with the world market and to analyse the evolution of the integration levels in the case of four global/regional incidents; the 1998 Russian crisis, the 2001 Dotcom crisis and 9/11...

This paper investigates the international stock market integration phenomenon at the disaggregated level. By using Geweke (1982) feedback measures, we measure the world market integration levels of individual companies. The results confirm the presence of individual stock integration since each...

Purpose: This paper aims to test whether the latest global financial crisis propagated contagiously from the USA to the rest of the world. Design/methodology/approach: If the reason of the propagation of a crisis is a normal time interdependence with the crisis origin country due to real...