Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling–recoupling hypothesis

We find that emerging markets appeared to be somewhat insulated from developments in U.S. financial markets from early 2007 to summer 2008. From that point on, however, emerging markets responded very strongly to the deteriorating situation in the U.S. financial system and real economy. Our regressi...

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Bibliographic details
Volume:	28
Main Author:	Dooley, Michael Hutchison, Michael
Format:	Journal Article
Language:	English
Place of publication:	Elsevier Ltd 2009 Elsevier
published in:	Journal of international money and finance Vol. 28; no. 8; pp. 1331 - 1349
Data of publication:	2009
ISSN:	0261-5606 1873-0639
EISSN:	1873-0639
Discipline:	Business
Series:	Journal of International Money and Finance
Subjects:	Emerging market crisis Subprime crisis CDS spreads transmission of crisis Subprime crisis Emerging market crisis CDS spreads transmission of crisis F36 F41 Emerging market crisis Subprime crisis F3 CDS spreads transmission of crisis
Online Access:	available in Bonn?
Database:	RePEc RePEc IDEAS CrossRef Database information Databases - DBIS