TY  - CHAP
AB  - During the global financial crisis of 2008–2009, most developed and emerging economies and financial markets have recorded important financial losses. Those economies have experienced momentous corrections, and their assets were significantly devaluated, implying many losses and bankruptcies for banks, investors, and firms. Overall, despite continuing efforts made by governments and central banks to support their financial systems, most financial markets (stock markets, derivative markets, monetary markets, and currency markets) have been strongly affected by this crisis. Furthermore, the rapid transmission of the US subprime crisis to several European and Asian developed and emerging countries and the transformation into a global financial and economic crisis have revealed a high level of financial integration and linkage with the US market. The financial shocks have also induced negative feedbacks to macroeconomic indicators, suggesting significant relationships between financial markets and macroeconomies.
VL  - 20
SN  - 978-0-85724-489-5, 978-0-85724-490-1/1571-0386
DO  - 10.1108/S1571-0386(2010)0000020005
UR  - https://doi.org/10.1108/S1571-0386(2010)0000020005
AU  - Jawadi Fredj
AU  - Barnett William A.
ED  - Fredj Jawadi
ED  - William A. Barnett
PY  - 2010
Y1  - 2010/01/01
TI  - Introduction
T2  - Nonlinear Modeling of Economic and Financial Time-Series
T3  - International Symposia in Economic Theory and Econometrics
PB  - Emerald Group Publishing Limited
SP  - xiii
EP  - xvii
Y2  - 2024/04/24
ER  -