When markets fall down: are emerging markets all the same?
This paper studies the dynamics of stock market regimes in emerging markets. Using a mixture version of the standard regime-switching model, we find that the 18 analysed emerging markets can be clustered into three groups. Whereas each of these three groups is characterized by the same two regimes-a...
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| Other Authors: | , |
| Format: | article |
| Language: | eng |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10071/9948 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/9948 |