Munich Personal RePEc Archive

The transmission process of financial crises across the emerging markets: an alternative consideration

Abdurrahman, Korkmaz (2012): The transmission process of financial crises across the emerging markets: an alternative consideration.

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Abstract

This paper offers an alternative consideration for the transmission process of financial crises across emerging markets. Here, we hypothesized that the interdependence effect could weaken, even disappear completely, and veer during a crisis period as a result of the contagion process. The importance of this hypothesis for the policy implication is also highlighted because it can be validated for many cases by our data.

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