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A mechanism of international transmission of financial crises

  • Taisei Kaizoji
Conference paper

Abstract

This paper proposes a model of international financial market that is based on the statistical mechanics. The aim of this paper is (i) to show a mechanism of international transmission of financial shocks, and (ii) to explain the stylized facts characterizing in periods of international financial crises by using the model.

Keywords

Stock Market Stock Return Foreign Market Domestic Market Stylize Fact 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Japan 2002

Authors and Affiliations

  • Taisei Kaizoji
    • 1
    • 2
  1. 1.Depaertment of EconomicsUniversity of KielKielGermany
  2. 2.Division of Social SciencesInternational Christian UniversityMitaka, TokyoJapan

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