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Integration, Financial Securities and Contagion Risk: Empirical Evidence for the Period 1995-2016 - Softcover

Piffaut, Pedro V.; Rey Miro, Damia

 
9783330044081: Integration, Financial Securities and Contagion Risk: Empirical Evidence for the Period 1995-2016
Softcover
ISBN 10: 333004408X ISBN 13: 9783330044081
Verlag: LAP LAMBERT Academic Publishing, 2017

Inhaltsangabe

In this volume "Integration, Financial Securities and Contagion Risk: Empirical Evidence for the Period 1995-2016" the authors estimate, econometrically, the connections and the degree of integration among financial markets in the U.S., Europe and Asia. Defined as the correlation between markets above what is already implicit in the fundamentals of the underlying assets, contagion is a subproduct of this integration imposed by globalization. The evidence is not merely inconvenient, but also worrisome as greater integration has also led to greater volatility and financial risk. This integration and the monetary policy followed by the major Central Banks around the world after the 2008 turmoil, are posing additional risks for another plausible major financial crisis in the near future. This high liquidity has broken many of the historical correlations that were in the market, while volatility indexes are at their historical minimum signaling a false sense of health of the international financial system. It seems that a new financial order could be established from this point to the end of 2020; perhaps this is what the empirical evidence shown in this book is telling us.

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Über die Autorin bzw. den Autor

Dr. Pedro V. Piffaut is an economist with over twenty years of expertise in econometric modeling. He earned his Ph.D., M.Phil., and M.A. in Economics and Education from Columbia University in New York. Damià Rey Miró is professor of economics at the Universidad de Barcelona, Spain. He is also a member of the Barcelona Stock Exchange Studies (BME).

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2017
Sprache
Englisch
ISBN 10 
333004408X
ISBN 13 
9783330044081
Einband
Taschenbuch
Anzahl der Seiten
64
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Verlag Unser Wissen
customerservice@vdm-vsg.de

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Riga
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