Munich Personal RePEc Archive

Reactions of the capital markets to the shocks before and during the global crisis

Dumitriu, Ramona and Stefanescu, Razvan and Nistor, Costel (2012): Reactions of the capital markets to the shocks before and during the global crisis. Published in: Vanguard Scientific Instruments in Management, , Vol. 1(5)/2, (19. February 2012): pp. 32-49.

[img]
Preview
PDF
MPRA_paper_41540.pdf

Download (141Kb) | Preview

Abstract

This paper explores reactions to the stock markets shocks during quiet and turbulent times. In our investigation we use daily values of 28 stock exchanges indexes: 14 from developed markets and 14 from emerging markets. We find the global crisis induced, for most of the indexes, significant changes in the reactions to the shocks. The results also indicate different behaviors of indexes from developed markets in comparison with the indexes from emerging markets.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.