Publication: A systematic review of sovereign connectedness on emerging economies
| dc.contributor.author | Ballester Miquel, Laura | |
| dc.contributor.author | Díaz Mendoza, Ana Carmen | |
| dc.contributor.author | González Urteaga, Ana | |
| dc.contributor.department | Enpresen Kudeaketa | eu |
| dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | en |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.date.accessioned | 2020-05-15T07:50:05Z | |
| dc.date.available | 2021-03-01T00:00:11Z | |
| dc.date.issued | 2019 | |
| dc.description.abstract | This article systematically reviews the academic literature on emerging market contagion in order to summarize what we have learnt about the transmission channels existing in these countries. Given the large body of academic research focused on this topic, we especially direct our attention to the strand of the literature that defines and empirically analyses this topic as the significant increase in the cross-market correlations between asset returns during crisis periods or when a shock occurs. The survey covers the findings on financial contagion in the stock, bond, exchange and credit default swap markets during a large period that covers several crises that have characterized the related literature, such as the currency crises of the 1990s, the global financial crisis and the Eurozone debt crisis. Finally, new topics are identified, serving as an outline for future research. | en |
| dc.description.sponsorship | A. González-Urteaga acknowledges financial support from ECO2015-67035-P and ECO2016-77631-R (AEI/FEDER.UE) | en |
| dc.embargo.lift | 2021-03-01 | |
| dc.embargo.terms | 2021-03-01 | |
| dc.format.extent | 22 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.doi | 10.1016/j.irfa.2018.11.017 | |
| dc.identifier.issn | 1057-5219 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/36899 | |
| dc.language.iso | eng | en |
| dc.publisher | Elsevier | en |
| dc.relation.ispartof | International Review of Financial Analysis 62 (2019) 157-163 | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/MINECO//ECO2015-67035-P/ES/ | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-R | en |
| dc.relation.publisherversion | https://doi.org/10.1016/j.irfa.2018.11.017 | |
| dc.rights | © 2018 Elsevier Inc. This manuscript version is made available under the CC-BY-NC-ND 4.0 | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |
| dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject | Contagion | en |
| dc.subject | Emerging markets | en |
| dc.subject | Crisis | en |
| dc.subject | Cross-market correlations | en |
| dc.title | A systematic review of sovereign connectedness on emerging economies | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/acceptedVersion | en |
| dc.type.version | Versión aceptada / Onetsi den bertsioa | es |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 095d724d-61c5-408c-b091-6ea37e9beb6b | |
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