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Cappiello, Engle and Sheppard (2006), we examine if there is contagion during the global financial crisis, following Lehman …), but only some banks faced high contagion during the global financial crisis (long term impact). Regulators who try to …
Persistent link: https://www.econbiz.de/10010764048
Today, tourism is oriented towards new forms of development pertaining to an insight of “sustainable development” that aims at respecting, preserving, and sustainably highlighting the patrimonial resources (natural, cultural, and social) of a territory to the hosted tourists so as to reduce...
Persistent link: https://www.econbiz.de/10010754721
interdependence and contagion are well identified across markets; but with slight differences. Both investors and policymakers can …
Persistent link: https://www.econbiz.de/10010860470
aftermath of global financial crisis (2008-2009), exert contagion effects on emerging equity and sovereign bond markets. To this … estimated DCC immediately after the Lehman Brothers failure in September 2008. We refer this finding as contagion from U …
Persistent link: https://www.econbiz.de/10010860495
benefit is low during contagion periods defined as a period when correlation of residuals from PC regression is significantly … different from zero. Nonetheless, an additional gain from diversification is greater during contagion periods than normal … periods. Bon ds provide the best hedge during contagion periods whereas stocks perform the best during normal periods. …
Persistent link: https://www.econbiz.de/10010860496
The goal of this paper is to investigate the implementation of multichannel strategies in the service sector and to understand objectives, difficulties faced by companies, synergies and competitive effects among channels, and future areas of investment. We answer our research questions using in...
Persistent link: https://www.econbiz.de/10010860505
interdependence and contagion are well identified across markets; but with slight differences. Both investors and policymakers can …
Persistent link: https://www.econbiz.de/10010929413
seed group, imitative learning results in the overall adoption of cooperation — efficient contagion. Key to this result … seed group, the easier it is for efficient contagion to take place. We highlight the importance of cycles for efficient … contagion, and show that the presence of critical edges prevents it. We also find that networks organized as dense clusters …
Persistent link: https://www.econbiz.de/10011161643
Given the existence of non-normality and nonlinearity in the data generating process of real house price returns over the period of 1831-2013, this paper compares the ability of various univariate copula models, relative to standard benchmarks (naive and autoregressive models) in forecasting...
Persistent link: https://www.econbiz.de/10010929406
Forecasting the density of returns is useful for many purposes in finance, such as risk manage- ment activities, portfolio choice or derivative security pricing. Existing methods to forecast the den- sity of returns either use prices of the asset of interest or option prices on this same asset....
Persistent link: https://www.econbiz.de/10010930520