The effects of financial contagion during the Global Financial Crisis (GFC) have been extensively studied in the finance literarure. One of the key issues is the devastating effect of the crisis on wealth and asset prices. However, one key difference between this crisis and other crises in the past was the resilience (immunity) or the short term effect of the crisis on emerging markets. Dooley and Hutchison (2009) were the first ones to find evidence in support of the decoupling hypothesis of emerging markets during the early phases of the crisis. Since then the hypothesis have been tested by other researchers (for recent surveys see: Beirne and Gieck, 2014; Koksal and Orhan, 2013).
Acknowledgements
Author resume
Abstract
List of Tables
List of Figures
Chapter 1
1. Introduction
1.1. Can financial autarchy prevent contagion?
1.2. The performance of state owned enterprises in BRIC countries during the
GFC
Chapter 2
2. Can financial autarchy prevent contagion?
2.1. Introduction
2.2. Background: Pension funds
2.3. Literature review
2.4. Data
2.5. Preliminary analysis: Correlations
2.6. Model
2.7. Results
2.8. Conclusion
Chapter 3
3. The performance of state owned enterprises in BRIC countries during the GFC
3.1. Introduction
3.2. Data
3.3. Model
3.4. Result
3.5. Conclusion
Chapter 4
4. Conclusion
APPENDIX A
APPENDIX B
APPENDIX C
Bibliography
Iniciar sesión