Volatility Spillovers and Contagion from Mature to Emerging Stock Markets /

This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the transmission mechanism-contagion-during turbulences in mature markets. Tri-variate GARCH-BEKK models of returns in global (mature), regional, and local markets are estimated for 41 emerging m...

Description complète

Détails bibliographiques
Auteur principal: Caporale, Guglielmo
Autres auteurs: Beirne, John, Schulze-Ghattas, Marianne, Spagnolo, Nicola
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2008.
Collection:IMF Working Papers; Working Paper ; No. 2008/286
Accès en ligne:Full text available on IMF