Anatomy of Global Stock Market Crashes

An Empirical Analysis

  • Gagari Chakrabarti
  • Chitrakalpa Sen

Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Table of contents

  1. Front Matter
    Pages i-x
  2. Gagari Chakrabarti, Chitrakalpa Sen
    Pages 1-5
  3. Gagari Chakrabarti, Chitrakalpa Sen
    Pages 7-25
  4. Gagari Chakrabarti, Chitrakalpa Sen
    Pages 27-47
  5. Gagari Chakrabarti, Chitrakalpa Sen
    Pages 49-62

About this book


This work is an exploration of the global market dynamics, their intrinsic natures, common trends and dynamic inter-linkages during the stock market crises over the last twelve years. The study isolates different phases of crisis and differentiates between any crisis that remains confined to the region and those that take up a global dimension. The latent structure of the global stock market, the inter-regional and intra-regional stock market dynamics around the crises are analyzed to get a complete picture of the structure of the global stock market. The study further probing into the inherent nature of the global stock market in generating crisis finds the global market to be chaotic thus making the system intrinsically unstable or at best to follow knife-edge stability. The findings have significant bearing at theoretical level and on policy decisions.


Granger Causality Knifes edge instability Nonlinearity Stock market cycle Structural break

Authors and affiliations

  • Gagari Chakrabarti
    • 1
  • Chitrakalpa Sen
    • 2
  1. 1., EconomicsPresidency UniversityKolkataIndia
  2. 2.G D Goenka Education City, Department of EconomicsG D Goenka World InstituteGurgaonIndia

Bibliographic information

Industry Sectors
Finance, Business & Banking