publication . Preprint . 2015

Analyzing the impact of global financial crisis on the interconnectedness of Asian stock markets using network science

Jitendra Aswani;
Open Access
  • Published: 01 Jul 2015
Abstract
As importance of Asian Stock Markets (ASM) has increased after the globalization, it is become significant to know how this network of ASM behaves on the onset of financial crises. For this study, the Global Financial Crisis is considered whose origin was in the developed country, US, unlike the Asian crisis of 1997. To evaluate the impact of financial crisis on the ASM, network theory is used as a tool here. Network modeling of stock markets is useful as it can help to avert the spillover of crises by preventing the stock markets which are highly connected in the network. In this empirical work, weekly indices data from 2000-2013 for fifteen stock markets is us...
Subjects
free text keywords: Financial Crisis, Stock Markets, Networks, Minimum Spanning Tree, jel:C45, jel:G1, jel:G11, jel:G15, jel:P34

Cupal, M. , Deev, O. , Dagmar, L. (2013): ”Network structures of the European stock markets”, Proceedings of 30th International Conference Mathematical Methods in Economics.

Roy Babu R., Sarkar Kumar U.(2011): ”Network Approach to capture co-movements of Global Stock Returns”, IIMC Working Paper, July 2011.

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