Las crisis bursátiles en España y su comparación con otros mercados internacionales: Análisis de sus principales características

Torre-Gallegos, Antonio de la and Bellini, Edith (2009): Las crisis bursátiles en España y su comparación con otros mercados internacionales: Análisis de sus principales características. Published in: UNIVERSIA BUSINESS REVIEW ISSN: 1698-5117 No. CUARTO trimestre 2009 (October 2009): pp. 44-61.

Abstract

Regularly there are periods of a dramatic decline in stock markets that are defined as “stock market crashes” and cause “stock market crisis”. Analysis of the influence of this crisis over the Spanish stock market, the originating causes and their repercussions over the market can enable stockbrokers and investor to use anticipating strategies. The most outstanding empirical variables which define a crisis, which are the object of this study, are the maximum drawndown percentage, de duration of the decline and the recovery time. The comparison of these variables with those obtained from the American market analysis allows us to see the degree of correlation between these crises.

• Item Type: MPRA Paper
• English Title: Stock market crisis in Spain and their comparison with other international market:Analysis of the principal characteristics
• Language: Spanish
• Keywords: Crisis bursátiles; crisis económicas; análisis de ciclos; correlación
• Subjects: F - International Economics > F3 - International Finance > F37 - International Finance Forecasting and Simulation: Models and Applications; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations ; Cycles; G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E44 - Financial Markets and the Macroeconomy; G - Financial Economics > G0 - General > G01 - Financial Crises

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