skip to main content
Language:
Search Limited to: Search Limited to: Resource type Show Results with: Show Results with: Search type Index

Stock Market Contagion in the Early Stages of the Global Financial Crisis: The Experience of the GCC Countries

International Journal of Banking and Finance, 2010-03, Vol.7 (1), p.19 [Peer Reviewed Journal]

2010. This work is published under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1675-722X ;ISSN: 2811-3799 ;EISSN: 2590-423X ;EISSN: 1675-722X ;DOI: 10.32890/ijbf2010.7.1.8397

Full text available

Citations Cited by
  • Title:
    Stock Market Contagion in the Early Stages of the Global Financial Crisis: The Experience of the GCC Countries
  • Author: Moosa, Imad A.
  • Subjects: Contagion ; Economic crisis ; GCC markets ; Market Bubble ; Oil Prices and Stock Prices ; Securities markets ; Stock exchanges
  • Is Part Of: International Journal of Banking and Finance, 2010-03, Vol.7 (1), p.19
  • Description: This study examined stock market contagion from the United States to the markets of the GCC countries during the period 2007-08. These countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) were also experiencing accelerating debt levels, overheated real estate markets, and drying up of liquidity. The main hypothesis under investigation is that the collapse of the GCC stock markets did not result purely from contagion, in the sense that these markets did not follow closely the US market during that period. It is argued that local factors were more influential in triggering the collapse and that those markets would have collapsed with or without the global financial crisis. The empirical results show rather limited evidence for the effect of U.S. stock prices on GCC stock prices and a much more important role for oil prices. However, neither of these variables alone can explain the behaviour of GCC stock prices during the period under investigation because of the role played by the domestic factors that caused bubbles and crashes.  
  • Publisher: Kedah: Universiti Utara Malaysia
  • Language: English;Malay
  • Identifier: ISSN: 1675-722X
    ISSN: 2811-3799
    EISSN: 2590-423X
    EISSN: 1675-722X
    DOI: 10.32890/ijbf2010.7.1.8397
  • Source: ProQuest Central
    DOAJ Directory of Open Access Journals
Back to results list
INSPIRE LIBRARY - TON DUC THANG UNIVERSITY (84-028) 37 755 057 Feedback
19 Nguyen Huu Tho St. Dist.7, HCM thuvien@tdtu.edu.vn

Copyright © 2017 INSPIRE LIBRARY - TON DUC THANG UNIVERSITY

Searching Remote Databases, Please Wait