...” ( Kleimeier et al., 2003 , p. 2). Therefore, separation of contagion and interdependence may provide crucial insights for policymakers to implement appropriate policies to prevent and/or stop the financial crisis. Hence, this paper compares the heteroscedasticity-corrected conditional correlations...

...Simplice A. Asongu Purpose Natural disasters may inflict significant damage upon international financial markets. The purpose of this study is to investigate if any contagion effect occurred in the immediate aftermath of the Japanese earthquake, tsunami and subsequent nuclear crisis. Design...

... the time varying linkages in order to verify the contagion effect. In the final step the Markowitz mean‐variance framework is used to position each individual index portfolio with respect to the efficient frontier to analyze the impact of crisis as well as Russian government intervention. Findings...

... on emerging market countries, and financial contagion. A wide range of related terms and methodologies are used in the literature of interdependence. The purpose of this paper is to review the major concepts and various measurements of interdependence in financial markets and the real economy, serving...