Please use this identifier to cite or link to this item: http://ktisis.cut.ac.cy/handle/10488/5121
Title: Modeling interbank relations during the international financial crisis
Modeling interbank relations during the international financial crisis
Authors: Savva, Christos S. 
Keywords: Financial Crises
Contagion
Interbank Markets
Financial Crises
Contagion
Interbank Markets
Issue Date: 2011
Source: Economics Bulletin, 2011, Volume 31, Issue 1, Pages 916-924
Economics Bulletin, 2011, Volume 31, Issue 1, Pages 916-924
Abstract: This paper examines the effects of the current financial crisis on the correlations of four international banking stocks. We find that in the beginning of the crisis banks generally show a transition to a higher correlation followed by a dramatic decline towards the end of 2008. These findings are consistent with both traditional contagion theory and the more recent network theory of contagion.
This paper examines the effects of the current financial crisis on the correlations of four international banking stocks. We find that in the beginning of the crisis banks generally show a transition to a higher correlation followed by a dramatic decline towards the end of 2008. These findings are consistent with both traditional contagion theory and the more recent network theory of contagion.
URI: http://ktisis.cut.ac.cy/handle/10488/5121
http://ktisis.cut.ac.cy/handle/10488/5121
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