Has 1997 Asian crisis increased information flows between international markets

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

The Welfare Costs of the 1997 Asian Crisis

This paper has measured the welfare cost of the 1997 Asian crisis for each country in Asia, by deploying Miyakoshi and Okubo(2003)’s model. The paper finds that the ratios of welfare cost to the initial level of consumption are large for all countries: 32% for Thailand, 53% for Indonesia, 28% for Korea, 12% for Malaysia and 19% for Hong Kong. The welfare costs imply how much people should pay t...

متن کامل

Using transfer entropy to measure information flows between financial markets

We use transfer entropy to quantify information flows between financial markets and propose a suitable bootstrap procedure for statistical inference. Transfer entropy is a model-free measure designed as the Kullback-Leibler distance of transition probabilities. Our approach allows to determine, measure and test for information transfer without being restricted to linear dynamics. In our empiric...

متن کامل

International portfolio flows and exchange rate volatility in emerging Asian markets

http://dx.doi.org/10.1016/j.jimonfin.2017.03.002 0261-5606/ 2017 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). q We would like to thank the editor (K.G. Koedijk), an anonymous referee and O. Cassero for very useful comments and suggestions. ⇑ Corresponding author at: Department of Economics and Fin...

متن کامل

Loan Flows, Contagion Effects, and East Asian Crisis

The views expressed are those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York or the Federal Reserve System.

متن کامل

International Portfolio Diversification at Industry Level within South-East Asian Stock Markets

The issue of financial integration, at the country level, is a well-documented phenomenon in the area of International Portfolio Diversification (IPD). Despite the increasing degree of financial integration, it is important to investigate the global integration at industry level to capture the potential benefits of IPD. Thus, this study attempts to evaluate the potential advantages of IPD for i...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: International Review of Economics & Finance

سال: 2003

ISSN: 1059-0560

DOI: 10.1016/s1059-0560(02)00140-5