The global financial crisis, financial linkages and correlations in returns and volatilities in emerging MENA stock markets

Simon Neaime

Emerging Markets Review, 2012, vol. 13, issue 3, 268-282

Abstract: The 2007 United States financial crisis has developed into the most severe worldwide economic crisis since the 1927 Great Depression. In addition to its severe repercussion in North America and the European Union, the crisis has put pressure on emerging markets in general, and the Middle East and North Africa region in particular. For a better understanding of how the crisis affected the MENA region, we focus in this paper on the global and regional financial linkages between MENA stock markets and the more developed financial markets, and on the intra-regional financial linkages between MENA countries' financial markets.

Keywords: Financial crisis; Financial integration and contagion; MENA region (search for similar items in EconPapers)
JEL-codes: C32 G11 G15 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (108)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:13:y:2012:i:3:p:268-282

DOI: 10.1016/j.ememar.2012.01.006

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