Asongu, Simplice (2013): Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters. Published in: Financial Aspects of Recent Trends in the Global Economy, ASERS Publishing , Vol. 1, No. 1 (June 2013)
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Abstract
With financial globalization, investors can gain from diversification if returns from financial markets are stable and not correlated. However with volatility spillovers, increase in cross-market correlations exist as a real-effect and are not taken into account for asset allocation and portfolio composition. This chapter assesses financial contagion from two recent trends in the world economy: the global financial crisis and the 2011 Japanese natural disasters (tsunami, earthquake and nuclear crises).
Item Type: | MPRA Paper |
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Original Title: | Globalization and Financial Market Contagion: Evidence from Financial Crisis and Natural Disasters |
Language: | English |
Keywords: | Contagion, Financial Markets, Natural Disasters |
Subjects: | F - International Economics > F3 - International Finance > F30 - General G - Financial Economics > G1 - General Financial Markets > G10 - General G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets |
Item ID: | 56803 |
Depositing User: | Simplice Asongu |
Date Deposited: | 23 Jun 2014 12:50 |
Last Modified: | 05 Oct 2019 17:33 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/56803 |