Tuluca, Sorin A; Zwick, Burton - In: The Financial Review 36 (2001) 1, pp. 125-41
We investigate the comovement of daily returns from 13 Asian and non-Asian markets before and after the advent of the Asian crisis in July 1997. For individual pairs of markets, our analysis shows a seven-fold increase in feedback relations. For the markets as a group, we find a reduction in the...