Unanticipated Shocks and Systemic Influences : The Impact of Contagion in Global Equity Markets in 1998

The Impact of Contagion in Global Equity Markets in 1998

Unanticipated Shocks and Systemic Influences : The Impact of Contagion in Global Equity Markets in 1998
August to September 1998 has been characterized as one of the worst episodes of global financial distress in decades. This paper investigates the transmission of the Russian and the LTCM crises through global equity markets using a panel of 14 developing and industrial countries. The results show that contagion was systemic during the period,... READ MORE...

Publication date: April 2003
ISBN 9781451850666
$15.00

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