Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

Abstract: The recent waves of political crises in Africa and the Middle East have inspired the debate over how political instability could pose a risk of financial contagion to emerging countries. With retrospect to the Kenyan political crisis, our findings suggest stock markets in Lebanon, Mauritius and Nigeria were contaminated.

Keywords: Political crisis; Contagion; Developing countries; Equity Markets (search for similar items in EconPapers)
JEL-codes: F30 G10 G15 (search for similar items in EconPapers)
Date: 2011-04-04
New Economics Papers: this item is included in nep-afr, nep-mic and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa (2011)
Working Paper: Political crises and risk of financial contagion in developing countries: Evidence from Africa (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30391

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