Bankruptcy of Lehman Brothers: Determinants of Cross-country Impacts on Stock Market Volatility

Daehwan KİM; Chi-young SONG

Makale detayları

Bankruptcy of Lehman Brothers: Determinants of Cross-country Impacts on Stock Market Volatility

Yazarlar:

Daehwan KİM | Chi-young SONG

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.210-219

Belge Tipi:

Makale

Yayın Tarihi:

8/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811606

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

We empirically examine the determinants of the short-term cross-country impacts of Lehman Brothers’ bankruptcy on the volatility of stock prices. According to the results of this study, countries with lower financial openness and greater stock market depth experienced a smaller increase in stock price volatility. This suggests that capital control and greater stock market development were relatively more useful in maintaining the stability of stock markets at the time of Lehman’s failure. On the other hand, we find little evidence for the role of international imbalances, trade openness, economic sizes and income levels, and macroeconomic fundamentals.

Makale detayları

Bankruptcy of Lehman Brothers: Determinants of Cross-country Impacts on Stock Market Volatility

Yazarlar: Daehwan KİM | Chi-young SONG

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.210-219

Belge Tipi: Makale

Yayın Tarihi: 8/2017

Belge Dili: Türkçe

Document ID (Org No.): 2000811606

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Daehwan KİM | Chi-young SONG

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2017 Vol.7 Issue 3, pp.210-219

Belge Tipi:

Makale

Yayın Tarihi:

8/2017

Belge Dili:

Türkçe

Document ID (Org No.):

2000811606

Sıklık:

İki Aylık

eISSN:

2146-4138