Showing 1 - 10 of 10,876
Persistent link: https://www.econbiz.de/10013460739
Co-movements in equity markets may reflect either financial contagion or stock market integration. While the former … Council (GCC) Islamic equity index with other Islamic equity indices (Asia Pacific, US, Eurozone, and ASEAN) as well as with … Global Sukuk index (Islamic bond). As to the methodology, we employ multi-time scale wavelet analysis as one of the latest …
Persistent link: https://www.econbiz.de/10011110107
Our study measures co-movements in Islamic and conventional equity markets, to discover contagion and to measure … integration level. We apply wavelet decomposition to unveil the multi-horizon nature of co-movement. We find that the subprime … crisis generates fundamental-based contagion for both markets. The less exposure for some Islamic indices can be due to low …
Persistent link: https://www.econbiz.de/10011113785
discover contagion during 9 major crises and to measure integration between markets. Using wavelet decomposition to unveil the … subprime crisis reveals fundamentals-based contagion. While Islamic markets show traces of reduced exposure to the recent …
Persistent link: https://www.econbiz.de/10011115994
This paper investigates the extent of concordance in financial crises by both asset market and country in six Asian countries over the period 1970-2002. To that purpose we adapt a concordance index to deal with the typically low incidence of financial crises in both bivariate and multivariate...
Persistent link: https://www.econbiz.de/10010905839
The Asian financial crisis of 1997-98 was one of the most dramatic economic events of recent times, which raised many questions regarding the appropriate policy response to financial crises. This paper reviews the experience of this crisis, focusing on the overall strategy of crisis management...
Persistent link: https://www.econbiz.de/10005263845
debt crisis, elections in European countries have stronger contagion effects in their own region during a global slowdown …
Persistent link: https://www.econbiz.de/10010840967
This paper investigates the extent to which output has recovered from the Asian crisis. A regime-switching approach that introduces two state variables is used to decompose recessions in a set of six Asian countries into permanent and transitory components. While growth recovered fairly quickly...
Persistent link: https://www.econbiz.de/10005604941
The current global financial crisis has revealed many failures of the conventional banking system. However, this context of turbulences has presented the Islamic banking system with a great opportunity to introduce its fundamental methods and principles inspired from the Islamic Shariah law. The...
Persistent link: https://www.econbiz.de/10010944801