The transmission process of financial crises across the emerging markets: an alternative consideration

Abdurrahman Korkmaz

MPRA Paper from University Library of Munich, Germany

Abstract: This paper offers an alternative consideration for the transmission process of financial crises across emerging markets. Here, we hypothesized that the interdependence effect could weaken, even disappear completely, and veer during a crisis period as a result of the contagion process. The importance of this hypothesis for the policy implication is also highlighted because it can be validated for many cases by our data.

Keywords: contagion; interdependence; outlier test; financial crisis (search for similar items in EconPapers)
JEL-codes: C12 C32 G01 (search for similar items in EconPapers)
Date: 2012-03-17
New Economics Papers: this item is included in nep-ifn
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37421

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