rising global financial crisis and the necessities of facing its negative effects and taking advantage of opportunities rendered by crisis, should be noticed by economic authorities. in order to achieve above-mentioned purpose, this essay, in addition to present roots of financial crisis in the world economy, also will consider the crisis from theoric and economic aspects. considering dimension...

T devastating impact of the global financial crisis on the world economy has been well documented by now: the crisis led to the deepest and most synchronized global recession over the past 70 years. This singular and dramatic event generated many questions. One of them has been particularly challenging for researchers and policymakers: What are the mechanisms by which the U.S. financial crisis ...

The global financial crisis began with a financial meltdown in the United States in early 2008 and then it had spread to the rest of the world. In this paper we test whether the MENA equity market volatility presents a different behavior before and after the financial crisis of 2008. Using long range dependence techniques we test for long memory in the returns, absolute and squared returns of t...

Using a spillover index approach, we investigate volatility spillovers across China’s stock, bond, commodity futures, and foreign exchange (FX) markets and their evolution during the period 2005–2015. We find that these four financial markets are weakly integrated. The stock market is the largest net sender of volatility spillovers to other markets, followed by the bond market, and the FX and c...