Reactions of the Capital Markets to the Shocks Before and During the Global Crisis

22 Pages Posted: 5 Apr 2012

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Razvan Stefanescu

University Dunarea de Jos Galati

Costel Nistor

University Dunarea de Jos Galati

Date Written: April 5, 2012

Abstract

This paper explores reactions to the stock markets shocks during quiet and turbulent times. In our investigation we use daily values of 28 stock exchanges indexes: 14 from developed markets and 14 from emerging markets. We find the global crisis induced, for most of the indexes, significant changes in the reactions to the shocks. The results also indicate different behaviors of indexes from developed markets in comparison with the indexes from emerging markets.

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan and Nistor, Costel, Reactions of the Capital Markets to the Shocks Before and During the Global Crisis (April 5, 2012). Available at SSRN: https://ssrn.com/abstract=2035054 or http://dx.doi.org/10.2139/ssrn.2035054

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Razvan Stefanescu

University Dunarea de Jos Galati ( email )

59-61 Nicolae Bãlcescu Street
Braila, Galati 800001
Romania

Costel Nistor

University Dunarea de Jos Galati ( email )

Galati, 800001
Romania

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