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

Stock market crisis in Spain and their comparison with other international market:Analysis of the principal characteristics

Antonio de la Torre-Gallegos and Edith Bellini ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Crisis bursátiles; crisis económicas; análisis de ciclos; correlación (search for similar items in EconPapers)
JEL-codes: E32 E44 F37 G01 G11 (search for similar items in EconPapers)
Date: 2009-10
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Published in UNIVERSIA BUSINESS REVIEW ISSN: 1698-5117 CUARTO trimestre 2009 (2009): pp. 44-61

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26547

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