2026-04-03T20:43:11Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1222062025-12-05T05:51:35Zcom_2072_1057col_2072_478808col_2072_478917
RECERCAT
author
Chuliá Soler, Helena
author
Pinchao, Andrés D.
author
Uribe Gil, Jorge Mario
2018-05-08T12:42:46Z2019-07-01T05:10:14Z20182018-05-08T12:42:46Z
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.
(c) Taylor and Francis, 2018 info:eu-repo/semantics/openAccess
Risc (Economia)
Sincronització
Borsa de valors
Mercat financer
Correlació (Estadística)
Risk
Synchronization
Stock-exchange
Financial market
Correlation (Statistics)
Risk Synchronization in International Stock Markets
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion