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Reactions of the capital markets to the shocks before and during the global crisis

  • Dumitriu, Ramona
  • Stefanescu, Razvan
  • Nistor, Costel

This paper explores reactions to the stock markets shocks during quiet and turbulent times. In our investigation we use daily values of 28 stock exchanges indexes: 14 from developed markets and 14 from emerging markets. We find the global crisis induced, for most of the indexes, significant changes in the reactions to the shocks. The results also indicate different behaviors of indexes from developed markets in comparison with the indexes from emerging markets.

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File URL: https://mpra.ub.uni-muenchen.de/41540/1/MPRA_paper_41540.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 41540.

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Date of creation: 10 Jan 2012
Date of revision: 10 Jan 2012
Handle: RePEc:pra:mprapa:41540
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