Modelling Interbank Relations during the International Financial Crisis
| Contribuinte(s) |
Universitat Rovira i Virgili. Departament d'Economia |
|---|---|
| Data(s) |
2010
|
| Resumo |
This paper examines the effects of the current financial crisis on the correlations of four international banking stocks. We find that in the beginning of the crisis banks generally show a transition to a higher correlation followed by a dramatic decline towards the end of 2008. These findings are consistent with both traditional contagion theory and the more recent network theory of contagion. JEL classifications: C51; G15 Keywords: Financial Crises; Contagion; Interbank Markets. |
| Formato |
10 412532 bytes application/pdf |
| Identificador | |
| Idioma(s) |
eng |
| Relação |
Documents de treball del Departament d'Economia;2010-01 |
| Direitos |
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
| Palavras-Chave | #Mercats financers #Models economètrics #Crisis financeres #Bancs #Institucions financeres #336 - Finances. Banca. Moneda. Borsa |
| Tipo |
info:eu-repo/semantics/workingPaper |
