International Financial Crisis and Contagion
This chapter has two main objectives. On the one hand, it proposes a brief investigation and overview of emerging markets within the previous and actual financial crises. On the other hand, this chapter brings a comprehensive discussion on the contagion issue among emerging markets as well as between emerging and developed markets. The empirical investigation of the links between financial crisis and contagion effects enables not only a better understanding of the dynamics of emerging stock prices, but also the assessment of the potential market-deepening linkages.
KeywordsStock Market Financial Crisis Contagion Effect Current Crisis Stock Market Index
- Arouri M, Jawadi F (2010) Co-mouvements des marchés boursiers : intégration ou contagion?. Brussels Econ Rev 50(3), forthcomingGoogle Scholar
- Bekaert G, Harvey CR, Ng A (2005) Market integration and contagion. J Bus 78(1):39–69Google Scholar
- Hamilton J (1994) Time series analysis. Princeton University Press, NJGoogle Scholar
- Reinhart CM, Rogoff K (2008) Banking crises: an equal opportunity menace. NBER Working Paper, No. 14587Google Scholar