2026-04-04T01:28:31Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1222062025-12-05T05:51:35Zcom_2072_1057col_2072_478808col_2072_478917

00925njm 22002777a 4500 dc Chuliá Soler, Helena author Pinchao, Andrés D. author Uribe Gil, Jorge Mario author 2018-05-08T12:42:46Z 2019-07-01T05:10:14Z 2018 2018-05-08T12:42:46Z We explore international risk synchronization in global stock markets over the last two decades. To this end, we construct global indices of risk synchronization based on individual estimations of market risk and their aggregation via spatial correlations. We then use these indices to analyze the effects of several financial crises on market risk synchronization. Our results reveal different risk-profile dynamics for mature and emerging markets. Contrary to general reports, we also find that not all financial crises induce a higher level of synchronization among markets, at least in relative terms. Indeed, some crises had the opposite effect, that is, a decoupling of market risk. Risc (Economia) Sincronització Borsa de valors Mercat financer Correlació (Estadística) Risk Synchronization Stock-exchange Financial market Correlation (Statistics) Risk Synchronization in International Stock Markets