NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS
In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging stock markets. The methodol...
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University of Oradea
2024-12-01
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| Series: | Annals of the University of Oradea: Economic Science |
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| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.14.pdf |
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| _version_ | 1832590537279930368 |
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| author | Anca-Adriana SARAOLU (IONĂȘCUȚI) |
| author_facet | Anca-Adriana SARAOLU (IONĂȘCUȚI) |
| author_sort | Anca-Adriana SARAOLU (IONĂȘCUȚI) |
| collection | DOAJ |
| description | In the last decades, past financial crises have proved that financial
markets worldwide are interconnected, however the subject was scarcely analysed
from the viewpoint of financial stock markets. Therefore, the paper aims to analyse
interconnectedness between emerging stock markets. The methodology employed
is the “Wavelet Local Multiple Correlation” as it allowed to introduce the dominance
feature and to capture the time-varying shifts in correlations, as well as the nonuniform frequencies over time. The study involves five emerging markets worldwide
for a long-time span from 2005 to 2024. The results report considerable variations
within the correlation pattern, at different frequencies over time. Therefore, the
findings display considerable evidence of interconnectedness and temporal
dependence among the emerging stock markets. |
| format | Article |
| id | doaj-art-68368f73d74645a5b595cb333cc5a576 |
| institution | Kabale University |
| issn | 1222-569X 1582-5450 |
| language | deu |
| publishDate | 2024-12-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj-art-68368f73d74645a5b595cb333cc5a5762025-01-23T12:40:38ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502024-12-0133216617510.47535/1991AUOES33(2)014NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETSAnca-Adriana SARAOLU (IONĂȘCUȚI) 0Doctoral School of Economics and Business Administration, West University of Timişoara, Timişoara, Romania In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging stock markets. The methodology employed is the “Wavelet Local Multiple Correlation” as it allowed to introduce the dominance feature and to capture the time-varying shifts in correlations, as well as the nonuniform frequencies over time. The study involves five emerging markets worldwide for a long-time span from 2005 to 2024. The results report considerable variations within the correlation pattern, at different frequencies over time. Therefore, the findings display considerable evidence of interconnectedness and temporal dependence among the emerging stock markets. https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.14.pdfemerging stock marketsinterconnectednesstemporal dependencewavelet local multiple correlation (wlmc) |
| spellingShingle | Anca-Adriana SARAOLU (IONĂȘCUȚI) NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS Annals of the University of Oradea: Economic Science emerging stock markets interconnectedness temporal dependence wavelet local multiple correlation (wlmc) |
| title | NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS |
| title_full | NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS |
| title_fullStr | NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS |
| title_full_unstemmed | NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS |
| title_short | NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS |
| title_sort | non uniform interconnectedness patterns and dynamics evidence from emerging stock markets |
| topic | emerging stock markets interconnectedness temporal dependence wavelet local multiple correlation (wlmc) |
| url | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.14.pdf |
| work_keys_str_mv | AT ancaadrianasaraoluionascuti nonuniforminterconnectednesspatternsanddynamicsevidencefromemergingstockmarkets |