Theoretical and Applied Economics
No. 8 / 2011 (561)
Stock Markets Correlation: before and during the Crisis Analysis
Bucharest Academy of Economic Studies
Abstract. The article studies the correlations between the stock markets of the greatest financial centers in the world, namely New York, London and Tokyo, in two different time intervals, namely before the global crisis that erupted in 2007 and during it, in order to determine whether the stock markets correlate more strongly during increasing or decreasing trends. The results of the analysis, carried out by means of multiple regressions, show that the links between the three stock markets were more intense during the crisis, on a decreasing trend respectively, than before the financial turmoil, when the stock indexes had an upward trend.
Contents
Empirical Study on the Financial Reporting of Intangible Assets by Romanian Companies
Optimum Repartition of Transport Capacities in the Logistic System using Dynamic Programming
User Types in Online Applications
Optimality of Fiscal Policy in Romania in Terms of Laffer Curve
The Causal Relationship between Health and Education Expenditures in Malaysia
Law Antimonopoly of China – a Model of European Inspiration
Work: Social Status and the Role of Work along History – Since Ancient Times to Modern Times
Determination of Import Demand in Pakistan: The Role of Expenditure Components
Stock Markets Correlation: before and during the Crisis Analysis
The Decision to Invest and Economic Growth. Romania’s Case
Economic Crisis Perspective between Current and Forecast