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GLOBALIZATION, FINANCIAL CRISIS AND CONTAGION: TIME - DYNAMIC EVIDENCE FROM FINANCIAL MARKETS OF DEVELOPING COUNTRIES
ASONGU, Simplice A. - In: Journal of Advanced Studies in Finance III (2013) 2, pp. 131-139
examines whether equity markets in emerging countries were vulnerable to contagion during the recent financial meltdown …
Persistent link: https://www.econbiz.de/10010604536
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Contagion among Central and Eastern European Stock Markets during the Financial Crisis
BARUNÍK, Jozef; VÁCHA, Lukáš - In: Czech Journal of Economics and Finance (Finance a uver) 63 (2013) 5, pp. 443-453
This paper contributes to the literature on international stock market comovements and contagion. The novelty of our … lower contagion between the CEE markets and the German DAX after the large 2008 stock market crash. …
Persistent link: https://www.econbiz.de/10010726613
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Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion
Corsetti, Giancarlo; Pericoli, Marcello; Sbracia, Massimo - C.E.P.R. Discussion Papers - 2002
This Paper develops a test of contagion in financial markets based on bivariate correlation analysis, which generalizes … existing tests, and applies it to the international effects of the Hong Kong stock market crisis of October 1997. Contagion is … country-specific shocks in Hong Kong, our test finds evidence of contagion for 5 countries out of a sample of 17. This is in …
Persistent link: https://www.econbiz.de/10005791976
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GLOBALIZATION, FINANCIAL CRISIS AND CONTAGION: TIME - DYNAMIC EVIDENCE FROM FINANCIAL MARKETS OF DEVELOPING COUNTRIES
ASONGU, Simplice A. - In: Journal of Advanced Studies in Finance III (2012) 2, pp. 131-139
examines whether equity markets in emerging countries were vulnerable to contagion during the recent financial meltdown …
Persistent link: https://www.econbiz.de/10010698843
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Policy Responses to the Global Financial Crisis: What Did Emerging Economies Do Differently?
Ceballos, Francisco; Didier, Tatiana; Hevia, Constantino; … - Banco Central de Reserva del Perú - 2013
In contrast to the past, many emerging countries faced the global financial crisis of 2008-2009 with more solid financial positions and the required credibility and capacity to conduct countercyclical policies. This allowed them to better cope with the global downturn and thus behave more...
Persistent link: https://www.econbiz.de/10010612064
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CONTAGION AND PORTFOLIO SHIFT IN EMERGING COUNTRIES´ SOVEREIGN BONDS
Herrero, Alicia Garcia; Rios, Antonio Diez de los - EconWPA - 2004
The paper tests whether there were events of contagion, and portfolio shift, in the sovereign bond markets of eleven … emerging countries' between January 1995 and November 2001. From existing definitions, we narrow down the concept of contagion … pricing model. We measure contagion (and portfolio shift) in terms of a causal positive (negative) dynamic co-movement between …
Persistent link: https://www.econbiz.de/10005125554
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Capital Inflows, Credit Booms and Their Risks
Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 2012
This paper highlights the findings of some of the recent research on capital flows, credit booms, and their attendant consequences for asset prices, business cycles, financial crises and the interaction among these. The aim is to condense key results from the relevant literature and promote...
Persistent link: https://www.econbiz.de/10011108104
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The Contagion Effects of Sovereign Downgrades: Evidence from the European Financial Crisis
Corbet, Shaen - In: International Journal of Economics and Financial Issues 4 (2014) 1, pp. 83-92
Autoregression (VAR) techniques are used to investigate the presence of contagion effects after a sovereign downgrade across equity …
Persistent link: https://www.econbiz.de/10010734368
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Not all emerging markets are the same: A classification approach with correlation based networks
Sensoy, Ahmet; Ozturk, Kevser; Hacihasanoglu, Erk; … - Research Department, Borsa İstanbul - 2015
Using dynamic conditional correlations and networks, we bring a novel framework to define the integration and segmentation of emerging countries. The individual EMBI+ spreads of 13 emerging countries from 01/2003 to 12/2013 are used to compare their interaction structure before (phase 1) and...
Persistent link: https://www.econbiz.de/10011212863
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Return and Volatility Spillovers in the Moroccan Stock Market During The Financial Crisis
El Ghini, Ahmed; Saidi, Youssef - Volkswirtschaftliche Fakultät, … - 2014
The aim of this paper is to investigate the return and volatility linkages among Moroccan stock market with that of U.S. and three European countries (France, Germany and U.K.) before and during the financial crisis. More specifically, we use stock returns in MASI, CAC, DAX, FTSE and NASDAQ as...
Persistent link: https://www.econbiz.de/10011109176