The Resource International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil? : Asset Price Contagion During the Global Financial Crisis, Rudiger Ahrend and Antoine Goujard, (electronic resource)

International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil? : Asset Price Contagion During the Global Financial Crisis, Rudiger Ahrend and Antoine Goujard, (electronic resource)

Label
International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil? : Asset Price Contagion During the Global Financial Crisis
Title
International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil?
Title remainder
Asset Price Contagion During the Global Financial Crisis
Statement of responsibility
Rudiger Ahrend and Antoine Goujard
Creator
Contributor
Subject
Language
eng
Summary
Using the 2008-09 global financial crisis, this paper examines the role of different forms of international financial integration for asset price contagion in crisis times. Defining contagion as the transmission of financial market movements beyond the co-movements that would occur in "tranquil" times, the paper looks into the presence of contagion in the period of turmoil prior to the fall of Lehman Brothers, in the main crisis period following the Lehman collapse, and in the ensuing late stages of the crisis. The analysis uses bilateral financial and trade linkages and daily data on equity and bond prices for a sample of 46 countries between 2002 and 2011. Bilateral debt integration and common bank lenders are found to have transmitted financial turmoil through equity and bond markets at the height of the crisis. During this period, real trade linkages also increased equity price co-movements. By contrast, no robust evidence is found that equity or FDI integration increased asset price co-movements during the crisis
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Ahrend, Rudiger
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Goujard, Antoine
Series statement
OECD Economics Department Working Papers,
Series volume
no.969
http://library.link/vocab/subjectName
Economics
Label
International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil? : Asset Price Contagion During the Global Financial Crisis, Rudiger Ahrend and Antoine Goujard, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
800720804
Dimensions
21 x 30 cm
Extent
1 online resource 35 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k97b0lbdq40-en
Specific material designation
remote
System control number
(OCoLC)800720804
Label
International Capital Mobility and Financial Fragility - Part 6. Are all Forms of Financial Integration Equally Risky in Times of Financial Turmoil? : Asset Price Contagion During the Global Financial Crisis, Rudiger Ahrend and Antoine Goujard, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
800720804
Dimensions
21 x 30 cm
Extent
1 online resource 35 pages
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k97b0lbdq40-en
Specific material designation
remote
System control number
(OCoLC)800720804

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