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Eurozone network “Connectedness” after fiscal year 2008

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  • Cimini, Riccardo

Abstract

This study shows that the density relationships (connectedness) among both financial and non-financial entities listed in the Eurozone were reduced after the 2008 fiscal year, when the recent financial crisis exacerbated its effects.

Suggested Citation

  • Cimini, Riccardo, 2015. "Eurozone network “Connectedness” after fiscal year 2008," Finance Research Letters, Elsevier, vol. 14(C), pages 160-166.
    • Handle: RePEc:eee:finlet:v:14:y:2015:i:c:p:160-166
    DOI: 10.1016/j.frl.2015.05.003
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    Cited by:

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    2. Zeng, Zhi-Jian & Xie, Chi & Yan, Xin-Guo & Hu, Jue & Mao, Zhou, 2016. "Are stock market networks non-fractal? Evidence from New York Stock Exchange," Finance Research Letters, Elsevier, vol. 17(C), pages 97-102.
    3. Onur Polat, 2021. "Time-Varying Network Connectedness of G-7 Economic Policy Uncertainties: A Locally Stationary TVP-VAR Approach," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 7(2), pages 47-59, December.
    4. Mechelli, Alessandro & Cimini, Riccardo & Mazzocchetti, Francesca, 2017. "The usefulness of the business model disclosure for investors’ judgements in financial entities. A European study," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 20(1), pages 1-12.
    5. Huang, Chuangxia & Wen, Shigang & Li, Mengge & Wen, Fenghua & Yang, Xin, 2021. "An empirical evaluation of the influential nodes for stock market network: Chinese A-shares case," Finance Research Letters, Elsevier, vol. 38(C).
    6. Bongini, Paola & Clemente, Gian Paolo & Grassi, Rosanna, 2018. "Interconnectedness, G-SIBs and network dynamics of global banking," Finance Research Letters, Elsevier, vol. 27(C), pages 185-192.
    7. Giovanni Carnazza & Pierluigi Vellucci, 2022. "Network analysis and Eurozone trade imbalances," Papers 2209.09837, arXiv.org.
    8. Chowdhury, Biplob & Dungey, Mardi & Kangogo, Moses & Sayeed, Mohammad Abu & Volkov, Vladimir, 2019. "The changing network of financial market linkages: The Asian experience," International Review of Financial Analysis, Elsevier, vol. 64(C), pages 71-92.
    9. Huang, Chuangxia & Deng, Yunke & Yang, Xiaoguang & Cao, Jinde & Yang, Xin, 2021. "A network perspective of comovement and structural change: Evidence from the Chinese stock market," International Review of Financial Analysis, Elsevier, vol. 76(C).
    10. Paola Bongini & Małgorzata Iwanicz-Drozdowska & Paweł Smaga & Bartosz Witkowski, 2018. "In search of a measure of banking sector distress: empirical study of CESEE banking sectors," Risk Management, Palgrave Macmillan, vol. 20(3), pages 242-257, August.

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    More about this item

    Keywords

    Networks; Connectedness; Financial crisis; Eurozone; Balance sheet contagion;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F15 - International Economics - - Trade - - - Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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