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:
F36
F41
F3
Online Access: available in Bonn?
Database: RePEc
RePEc IDEAS
CrossRef
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