Financial interdependence or contagion? evidence from a meta-analysis

During the last two decades, the phenomenon of financial contagion has been investigated in numerous pieces of research. In spite of its severe implications for the stability of domestic financial systems as well as potential diversification benefits of international portfolio investment, there has...

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Main Authors:	Zhang, H. C., Mohamad, Azhar, Hamid, Zarinah
Format:	Article
Language:	English English
Published:	Statistical Economic and Social Research and Training Centre for Islamic Countries 2019
Subjects:	H61 Theory. Method HG Finance HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/78386/ http://irep.iium.edu.my/78386/ http://irep.iium.edu.my/78386/1/Financial%20Interdependence-Meta%20regression%20analysis-Journal%20of%20Econ%20Cooperation.pdf http://irep.iium.edu.my/78386/7/78386_Financial%20interdependence%20or%20contagion-%20Evidence%20from%20a%20meta-analysis_Scopus.pdf

id	iium-78386
recordtype	eprints
spelling	iium-783862020-02-14T02:39:16Z http://irep.iium.edu.my/78386/ Financial interdependence or contagion? evidence from a meta-analysis Zhang, H. C. Mohamad, Azhar Hamid, Zarinah H61 Theory. Method HG Finance HG4501 Stocks, investment, speculation During the last two decades, the phenomenon of financial contagion has been investigated in numerous pieces of research. In spite of its severe implications for the stability of domestic financial systems as well as potential diversification benefits of international portfolio investment, there has yet to be universally agreed conclusion on the relevance of financial contagion. Thus, our current study has been designed to apply the meta-analysis approach to investigate the statistical significance of financial contagion based on past empirical contagion studies. Our meta-analysis concludes that financial contagion is a significant phenomenon. As implications, policy makers should establish contingent credit lines to ensure the liquidity of financial market during the turbulence time, and portfolio investors should diversify away from the potentially contagious markets. It is suggested that future contagion-based meta-analysis may include contagion studies with different methodologies, as well as meta-regression analysis to provide more insights on the sources of variability in the contagion studies. Statistical Economic and Social Research and Training Centre for Islamic Countries 2019 Article PeerReviewed application/pdf en http://irep.iium.edu.my/78386/1/Financial%20Interdependence-Meta%20regression%20analysis-Journal%20of%20Econ%20Cooperation.pdf application/pdf en http://irep.iium.edu.my/78386/7/78386_Financial%20interdependence%20or%20contagion-%20Evidence%20from%20a%20meta-analysis_Scopus.pdf Zhang, H. C. and Mohamad, Azhar and Hamid, Zarinah (2019) Financial interdependence or contagion? evidence from a meta-analysis. Journal of Economic Cooperation and Development, 40 (1). pp. 79-102. ISSN 1308-7800 https://www.sesric.org/pdf.php?file=ART16121601-2.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H61 Theory. Method HG Finance HG4501 Stocks, investment, speculation
spellingShingle	H61 Theory. Method HG Finance HG4501 Stocks, investment, speculation Zhang, H. C. Mohamad, Azhar Hamid, Zarinah Financial interdependence or contagion? evidence from a meta-analysis
description	During the last two decades, the phenomenon of financial contagion has been investigated in numerous pieces of research. In spite of its severe implications for the stability of domestic financial systems as well as potential diversification benefits of international portfolio investment, there has yet to be universally agreed conclusion on the relevance of financial contagion. Thus, our current study has been designed to apply the meta-analysis approach to investigate the statistical significance of financial contagion based on past empirical contagion studies. Our meta-analysis concludes that financial contagion is a significant phenomenon. As implications, policy makers should establish contingent credit lines to ensure the liquidity of financial market during the turbulence time, and portfolio investors should diversify away from the potentially contagious markets. It is suggested that future contagion-based meta-analysis may include contagion studies with different methodologies, as well as meta-regression analysis to provide more insights on the sources of variability in the contagion studies.
format	Article
author	Zhang, H. C. Mohamad, Azhar Hamid, Zarinah
author_facet	Zhang, H. C. Mohamad, Azhar Hamid, Zarinah
author_sort	Zhang, H. C.
title	Financial interdependence or contagion? evidence from a meta-analysis
title_short	Financial interdependence or contagion? evidence from a meta-analysis
title_full	Financial interdependence or contagion? evidence from a meta-analysis
title_fullStr	Financial interdependence or contagion? evidence from a meta-analysis
title_full_unstemmed	Financial interdependence or contagion? evidence from a meta-analysis
title_sort	financial interdependence or contagion? evidence from a meta-analysis
publisher	Statistical Economic and Social Research and Training Centre for Islamic Countries
publishDate	2019
url	http://irep.iium.edu.my/78386/ http://irep.iium.edu.my/78386/ http://irep.iium.edu.my/78386/1/Financial%20Interdependence-Meta%20regression%20analysis-Journal%20of%20Econ%20Cooperation.pdf http://irep.iium.edu.my/78386/7/78386_Financial%20interdependence%20or%20contagion-%20Evidence%20from%20a%20meta-analysis_Scopus.pdf
first_indexed	2023-09-18T21:50:28Z
last_indexed	2023-09-18T21:50:28Z
_version_	1777413734770147328

Financial interdependence or contagion? evidence from a meta-analysis

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