EconPapers    
Economics at your fingertips  
 

RECESSION AND INTERNATIONAL MARKET CORRELATIONS

Elaine Jones ()
Additional contact information
Elaine Jones: University of Central Missouri

Working Papers from University of Central Missouri, Department of Economics & Finance

Abstract: This paper investigates the relationships between various world stock indices from June 2007 to May 2009. The primary concern is whether the recession and the higher variance in daily market returns impact correlations between market indices. The results suggest that the correlations between daily returns on market indices are higher during the recession period of September 2008 to May 2009.

Keywords: Stock Returns; Recession; Volatility (search for similar items in EconPapers)
Pages: 12 pages
Date: 2009-07, Revised 2009-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://faculty.ucmo.edu/econfinpapers/wpaper/wp0901.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://faculty.ucmo.edu/econfinpapers/wpaper/wp0901.pdf [302 Found : Moved Temporarily]--> https://faculty.ucmo.edu/econfinpapers/wpaper/wp0901.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:umn:wpaper:0901

Access Statistics for this paper

More papers in Working Papers from University of Central Missouri, Department of Economics & Finance Contact information at EDIRC.
Bibliographic data for series maintained by Paul Chambers ().

 
Page updated 2022-08-14
Handle: RePEc:umn:wpaper:0901