A single link to the first track to allow the export script to build the search page
  • 2012 Summer: Volume 10, Issue 1
  • Governance and Regulatory Determinants of Financial Markets Resilience - Cross Country Evidence

    • Jamshed Y. Uppal ;
    • Inayat Ullah Mangla

    Title:

    Governance and Regulatory Determinants of Financial Markets Resilience - Cross Country Evidence

    Author(s):

    Jamshed Y. Uppal
    Inayat Ullah Mangla

    Publication Date:

    2012

    Journal Title:

    The Journal of Finance Issues

    Volume Number:

    10

    Issue Number:

    1

    Abstract:

    The study seeks to identify factors that made some countries more susceptible than others to the impact of the global financial crisis (GFC), and factors that made some more resilient and better able to recover from its adverse impact. Results suggest that different sets of variables best explain the experience of the stock markets in the period following the onset of GFC, than during the recovery period. Developed countries experienced a sharper decline in their stock markets and higher relative volatility following the GFC compared to the emerging markets but also experienced a flatter recovery in the level and volatility of the stock markets. The extent of stock trading and a greater reliance on the international capital inflows prior to the on-set of GFC is associated with subsequent sharper fall and higher volatility in the markets.

    First Page:

    32

    Last Page:

    52

    Total Pages:

    20