Since 2014
Financial Contagion within a Small Country
International Journal of Business and Information
View Archive Info| Field | Value | |
| Title |
Financial Contagion within a Small Country
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| Creator |
Kesayan, Puspakaran
Luo, Hang (Robin) Kesayan, Puspakaran |
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| Description |
This study examines the behavior of financial contagion within theNew Zealandstock market. The degree of financial contagion is measured by the coincidence of extreme stock returns. The extent of the effect and its economic significance are examined using the multinomial regression. The findings show that the contagion is highly persistent. Macroeconomic factors have a slightly stronger impact on the co-movement of extreme positive returns compared with the co-movement of extreme negative returns. There is little evidence showing that the contagion is determined by the fluctuation of foreign exchange rates, government bond yield, and the term spread.
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| Publisher |
International Business Academics Consortium
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| Date |
2015-11-12
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/msword
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| Identifier |
https://ijbi.org/ijbi/article/view/6
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| Source |
International Journal of Business and Information; Vol 1 No 1 (2006)
2520-0151 1728-8673 |
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| Language |
eng
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| Relation |
https://ijbi.org/ijbi/article/view/6/7
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| Rights |
Copyright (c) 2015 International Journal of Business and Information
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