Theoretical and Applied Economics
No. 8 / 2011 (561)
Stock Markets Correlation: before and during the Crisis Analysis
Bucharest Academy of Economic Studies
Abstract. The article studies the correlations between the stock markets of the greatest financial centers in the world, namely New York, London and Tokyo, in two different time intervals, namely before the global crisis that erupted in 2007 and during it, in order to determine whether the stock markets correlate more strongly during increasing or decreasing trends. The results of the analysis, carried out by means of multiple regressions, show that the links between the three stock markets were more intense during the crisis, on a decreasing trend respectively, than before the financial turmoil, when the stock indexes had an upward trend.
Keywords: stock exchange; financial crisis; contagion.
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Contents
- Empirical Study on the Financial Reporting
of Intangible Assets by Romanian Companies
Cristina-Ionela FĂDUR
Daniela CIOTINĂ
Marilena MIRONIUC
- Optimum Repartition of Transport Capacities
in the Logistic System using Dynamic Programming
Gheorghe BĂŞANU
Victor TELEAŞĂ
Eduard ARMEANU
- User Types in Online Applications
Ion IVAN
Dragoş PALAGHITA
Sorin VINTURIS
- Optimality of Fiscal Policy in Romania
in Terms of Laffer Curve
Adina TRANDAFIR
Petre BREZEANU
- The Causal Relationship between Health
and Education Expenditures in Malaysia
Chor Foon TANG
Yew Wah LAI
- Law Antimonopoly of China – a Model
of European Inspiration
Cornelia LEFTER
Oana OPREA (TEODORESCU)
- Work: Social Status and the Role of Work along
History – Since Ancient Times to Modern Times
Mirela Ionela ACELEANU
- Determination of Import Demand in Pakistan: The Role of Expenditure Components
Muhammad Irfan CHANI
Zahid PERVAIZ
Amatul R. CHAUDHARY
- The Decision to Invest and Economic Growth. Romania’s Case
Raluca Andreea POPA
Matei CRĂCIUN
- Economic Crisis Perspective between Current and Forecast
Cristina BURGHELEA
