Warianty tytułu
Języki publikacji
Abstrakty
The Financial Crisis of 2007-2009 plunged countries into a Great Recession and focused the world's attention on the global stock markets. The global contagion has a major impact on global stock markets, with the U.S. DJIA falling to 6,547.05 on March 9, 2009 from a high of 14,164.53 on October 9, 2007, with a loss of more than 54%. Other stock markets also had a precipitous drop during the financial crisis. However, some equity markets have recovered while others have not. This paper looks at how global markets compared in their recovery. This paper also investigates the advanced countries' recovery relative to the emerging and developing countries in the aftermath of the financial crisis and their ability to climb back to the pre-financial crisis levels. Analysis is provided for 31 stock indexes from January 2005 to March 2013. In 2013 the majority of analysed stock markets recovered from the crises regardless of if they belong to the group of developed or emerging markets.(original abstract)
Czasopismo
Rocznik
Numer
Strony
109--128
Opis fizyczny
Twórcy
Bibliografia
- Arner, D.W. (2009). The Global Credit Crisis of 2008: Causes and Consequences. The International Lawyer, 43, 91-136.
- Batram, S., and Bodnar, G. (2009). No Place to Hide: The Global Crisis in Equity Markets in 2008/2009. Journal of International Money and Finance, 28, 1246-1292.
- Blanchard, O. (2009). Sustaining a Global Recovery. Finance & Development, 46 (3), 8-12.
- Bloomberg News. (2011). Crisis may Force Banks to Set up Crisis-handling Procedures. Retrieved from http://www.bloomberg.com/news/articles/2011-02-21/china-may-forcebanks-to-set-up-procedures-for-handling-potential-crisis (12.03.2016).
- Bordo, M. (2008). An Historical Perspective on the Crisis of 2007-2008. NBER Working Paper
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171470693