Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash
Empirical studies show that correlation between national stock markets increased and the benefits of global portfolio diversification decreased significantly after the global stock market crash of 1987. The 1987 and 2008 crashes are the two most important global stock market crashes since the 1929 G...
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Online Access: | https://doi.org/10.1515/sbe-2015-0022 |
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doaj-1177a6bc697649fd893d00518b734f422021-09-05T14:00:24ZengSciendoStudies in Business and Economics2344-54162015-08-01102839810.1515/sbe-2015-0022sbe-2015-0022Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market CrashMeric Ilhan0Nygren Lan Ma1Bentley Jerome T.2McCall Charles W.3Rider University, Lawrenceville, New Jersey, USARider University, Lawrenceville, New Jersey, USARider University, Lawrenceville, New Jersey, USARider University, Lawrenceville, New Jersey, USAEmpirical studies show that correlation between national stock markets increased and the benefits of global portfolio diversification decreased significantly after the global stock market crash of 1987. The 1987 and 2008 crashes are the two most important global stock market crashes since the 1929 Great depression. Although the effects of the 1987 crash on the comovements of national stock markets have been investigated extensively, the effects of the 2008 crash have not been studied sufficiently. In this paper we study this issue with a research sample that includes the U.S stock market and twenty European stock markets. We find that correlation between the twenty-one stock markets increased and the benefits of portfolio diversification decreased significantly after the 2008 stock market crash.https://doi.org/10.1515/sbe-2015-0022european stock marketsportfolio diversification2008 stock market crash |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Meric Ilhan Nygren Lan Ma Bentley Jerome T. McCall Charles W. |
spellingShingle |
Meric Ilhan Nygren Lan Ma Bentley Jerome T. McCall Charles W. Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash Studies in Business and Economics european stock markets portfolio diversification 2008 stock market crash |
author_facet |
Meric Ilhan Nygren Lan Ma Bentley Jerome T. McCall Charles W. |
author_sort |
Meric Ilhan |
title |
Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash |
title_short |
Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash |
title_full |
Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash |
title_fullStr |
Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash |
title_full_unstemmed |
Co-Movements Of U.S. And European Stock Markets Before And After The 2008 Gloal Stock Market Crash |
title_sort |
co-movements of u.s. and european stock markets before and after the 2008 gloal stock market crash |
publisher |
Sciendo |
series |
Studies in Business and Economics |
issn |
2344-5416 |
publishDate |
2015-08-01 |
description |
Empirical studies show that correlation between national stock markets increased and the benefits of global portfolio diversification decreased significantly after the global stock market crash of 1987. The 1987 and 2008 crashes are the two most important global stock market crashes since the 1929 Great depression. Although the effects of the 1987 crash on the comovements of national stock markets have been investigated extensively, the effects of the 2008 crash have not been studied sufficiently. In this paper we study this issue with a research sample that includes the U.S stock market and twenty European stock markets. We find that correlation between the twenty-one stock markets increased and the benefits of portfolio diversification decreased significantly after the 2008 stock market crash. |
topic |
european stock markets portfolio diversification 2008 stock market crash |
url |
https://doi.org/10.1515/sbe-2015-0022 |
work_keys_str_mv |
AT mericilhan comovementsofusandeuropeanstockmarketsbeforeandafterthe2008gloalstockmarketcrash AT nygrenlanma comovementsofusandeuropeanstockmarketsbeforeandafterthe2008gloalstockmarketcrash AT bentleyjeromet comovementsofusandeuropeanstockmarketsbeforeandafterthe2008gloalstockmarketcrash AT mccallcharlesw comovementsofusandeuropeanstockmarketsbeforeandafterthe2008gloalstockmarketcrash |
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1717811957852012544 |