This paper examines the volatility spillover effects among Mediterranean equity markets and investigates the effects of the 2007 financial crisis. German, Greek, Spanish, Italian and Portuguese markets are investigated. German market is used as a benchmark market. We employ a multivariate...

Although the global financial and economic crisis hurt economies worldwide, the economies at the southern Mediterranean rim have so far done well to weather this global hurricane. However, their economic growth has been slowing down and dependent upon their domestic policy reactions amongst...