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dc.contributor.authorLehkonen, Heikki
dc.date.accessioned2015-10-08T09:32:02Z
dc.date.available2017-09-01T21:45:05Z
dc.date.issued2015
dc.identifier.citationLehkonen, H. (2015). Stock Market Integration and the Global Financial Crisis. <i>Review of Finance</i>, <i>19</i>(5), 2039-2094. <a href="https://doi.org/10.1093/rof/rfu039" target="_blank">https://doi.org/10.1093/rof/rfu039</a>
dc.identifier.otherCONVID_24434157
dc.identifier.otherTUTKAID_64537
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/47280
dc.description.abstractWe study the dynamics of stock market integration and its consequences during the recent financial crisis for 23 developed and 60 emerging markets. We find that integration increased slightly for emerging markets but decreased for developed countries during the crisis. Moreover, we argue that the high degree of integration propagated the crisis across the global financial markets at the beginning of the crisis, but it had little effect during the crisis. We also find that integration is mostly affected by financial openness, the institutional environment and global financial uncertainty but that these determinants vary slightly between emerging and developed markets.fi
dc.language.isoeng
dc.publisherOxford University Press; European Finance Association
dc.relation.ispartofseriesReview of Finance
dc.subject.otherrahoitusmarkkinatfi
dc.subject.othertaloudelliset kriisitfi
dc.titleStock Market Integration and the Global Financial Crisis
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201510023301
dc.contributor.laitosKauppakorkeakoulufi
dc.contributor.laitosSchool of Business and Economicsen
dc.contributor.oppiaineTaloustiedefi
dc.contributor.oppiaineEconomicsen
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2015-10-02T09:15:04Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange2039-2094
dc.relation.issn1572-3097
dc.relation.numberinseries5
dc.relation.volume19
dc.type.versionacceptedVersion
dc.rights.copyright© Oxford University Press. This is a final draft version of an article whose final and defenitive form has been published by Oxford University Press.
dc.rights.accesslevelopenAccessfi
dc.subject.ysorahoitusmarkkinat
dc.subject.ysotaloudelliset kriisit
jyx.subject.urihttp://www.yso.fi/onto/yso/p7536
jyx.subject.urihttp://www.yso.fi/onto/yso/p6172
dc.relation.doi10.1093/rof/rfu039


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