کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1003175 937553 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Financial contagion: A local correlation analysis
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Financial contagion: A local correlation analysis
چکیده انگلیسی

Local correlation is used to examine financial contagion. We share the view of previous research that there is contagion from the U.S. spot equity market to that of Germany and Britain. In addition, we provide evidence to suggest contagion from the U.S. spot equity market to that of Japan and Hong Kong. Furthermore, we have detected contagion from U.S. futures to other futures markets. However, there is no reverse contagion from any of the German, British, Japanese, and Hong Kong spot or index futures markets to those of the U.S. The results have international diversification, portfolio management, and within-industry implications.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in International Business and Finance - Volume 25, Issue 1, January 2011, Pages 11–25
نویسندگان
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