Who has more influence on Asian stock markets around the subprime mortgage crisis – the US or China?
نویسندگان
چکیده
Who has more influence on Asian stock markets around the subprime mortgage crisis – the US or China? Chien-Chung Nieh , Chao-Hsiang Yang & Yu-Sheng Kao To cite this article: Chien-Chung Nieh , Chao-Hsiang Yang & Yu-Sheng Kao (2012) Who has more influence on Asian stock markets around the subprime mortgage crisis – the US or China?, Applied Economics Letters, 19:4, 329-335, DOI: 10.1080/13504851.2011.577001 To link to this article: http://dx.doi.org/10.1080/13504851.2011.577001
منابع مشابه
The Root Analysis and the Impact on China of Sub-loan Crisis
From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow -down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been proud is exactly the main reason. Actually, the appreciation of RMB and the interest rates raised b...
متن کاملMaintaining Stability in a Changing Financial System
the recent turmoil in global financial markets, associated with the u.S. subprime mortgage crisis, has raised important questions about the stability and integrity of the new international financial structure. these events represent the first real stress test of the world’s financial system since the late 1990s when the asian financial crisis, Russian debt default, and long-term capital Managem...
متن کاملStock market integration of emerging Asian economies: Patterns and causes
a r t i c l e i n f o JEL classification: G01 G11 G15 Keywords: Stock market integration DCC-GARCH model Price differentials Exchange rate risk Trade linkages GFC EGARCH In this study, we examine the patterns and causes of stock market integration of selected emerging Asian nations against the US, Australia, China, and India for the period 1 January 2001 to 31 March 2012. We compare patterns of...
متن کاملRecurrence quantification analysis of global stock markets
This study investigates the presence of deterministic dependencies in international stock markets using recurrence plots and recurrence quantification analysis (RQA). The results are based on a large set of free float-adjustedmarket capitalization stock indices, covering a period of 15 years. The statistical tests suggest that the dynamics of stock prices in emerging markets is characterized by...
متن کاملThe Effect of Derivative Instruments on the Contagion of Stock Markets in Developing Countries
The 2008 Great Financial Crisis increased the fluctuations in the stock market in the US and other countries that were linked together through various channels. In this regard, derivative instruments, as one of the main elements of the world's financial markets, had an essential role in reducing the stock market fluctuations and contagion of the crisis. The primary purpose of this study is to e...
متن کامل