Financial contagion effects of major crises in African stock markets
نویسندگان
چکیده
This study examines financial contagion effects in African stock markets during major crises over the period 2005 to 2020. We investigate individual and from a regional perspective using dynamic conditional correlations global crisis, European debt Brexit, COVID-19. The empirical evidence confirms some markets. However, significant of is found only crisis perspective. Our findings suggest that impacts differ due nature those crises. also find increases country-level risk, market capitalization export GDP decreases corruption.
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ژورنال
عنوان ژورنال: International Review of Financial Analysis
سال: 2022
ISSN: ['1873-8079', '1057-5219']
DOI: https://doi.org/10.1016/j.irfa.2022.102128