Stock Market Interdependence, Contagion, the Financial Subprime Crisis and the European Sovereign Debt Crisis: Evidence from the Chinese’s Stock Market

This study analyses the contagion effects of American, British and Greek stock markets on Chinese market in context 2007–2010 American European financial crises. Two tests have been performed using Archimedean copula functions. The results first test suggest that existed between UK/China 2007 subprime crisis period U.S./China U.K./China 2010 sovereign debt period. Finally, second shows were clearly more intense than those caused by just for pair. Investors' sentiment behavior indirectly impact risk markets.