NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS
In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging stock markets. The methodol...
Saved in:
Main Author: | |
---|---|
Format: | Article |
Language: | deu |
Published: |
University of Oradea
2024-12-01
|
Series: | Annals of the University of Oradea: Economic Science |
Subjects: | |
Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.14.pdf |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Summary: | In the last decades, past financial crises have proved that financial
markets worldwide are interconnected, however the subject was scarcely analysed
from the viewpoint of financial stock markets. Therefore, the paper aims to analyse
interconnectedness between emerging stock markets. The methodology employed
is the “Wavelet Local Multiple Correlation” as it allowed to introduce the dominance
feature and to capture the time-varying shifts in correlations, as well as the nonuniform frequencies over time. The study involves five emerging markets worldwide
for a long-time span from 2005 to 2024. The results report considerable variations
within the correlation pattern, at different frequencies over time. Therefore, the
findings display considerable evidence of interconnectedness and temporal
dependence among the emerging stock markets. |
---|---|
ISSN: | 1222-569X 1582-5450 |