A Discussion on Whether Financial Contagion Exists Between US Financial Markets from 2006 to 2011

DOI

10.2991/emle-18.2018.17How to use a DOI?

Keywords

financial contagion; financial markets; risk; crisis

Abstract

Financial crises have a devastating impact on the worldwide economy. They can not only spread across different countries, but can also be contagious across different financial markets within a country. This paper will use the financial risk data from 2006 to 2011 to investigate the financial transmission mechanism in the US among the bond market, the foreign exchange market and the stock market by constructing a VEC model. The aim of this paper is to find whether financial contagion can be found between these three financial markets in the US and how risk spreads between them. Furthermore, the empirical conclusion of this paper shows that there really exists contagion between the different financial markets, and it can provide important theoretical basis to against the financial risk contagion between these three financial markets.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Qiao Han
PY  - 2018/12
DA  - 2018/12
TI  - A Discussion on Whether Financial Contagion Exists Between US Financial Markets from 2006 to 2011
BT  - Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018)
PB  - Atlantis Press
SP  - 99
EP  - 105
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-18.2018.17
DO  - 10.2991/emle-18.2018.17
ID  - Han2018/12
ER  -