Evolution of Worldwide Stock Markets, Correlation Structure and Correlation Based Graphs
نویسندگان
چکیده
منابع مشابه
Evolution of worldwide stock markets, correlation structure, and correlation-based graphs.
We investigate the daily correlation present among market indices of stock exchanges located all over the world in the time period January 1996 to July 2009. We discover that the correlation among market indices presents both a fast and a slow dynamics. The slow dynamics reflects the development and consolidation of globalization. The fast dynamics is associated with critical events that origin...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1899476