Cheung, William Ming Yan; Fung, Scott; Tsai, Shi-chuan - In: Applied financial economics 20 (2010) 1/3, pp. 85-103
This article examines the impact of the 2007-2009 Global Financial Crisis on the interrelationships among global stock markets and the informational role of the TED spread as perceived credit risk. The current crisis originated from the dominant US market has a prompt and pervasive spillover...