Anatomy of Global Stock Market Crashes

Anatomy of Global Stock Market Crashes

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This work is an exploration of the global market dynamics, their intrinsic natures, common trends and dynamic interlinkages during the stock market crises over the last twelve years. The study isolates different phases of crisis and differentiates between any crisis that remains confined to the region and those that take up a global dimension. The latent structure of the global stock market, the inter-regional and intra-regional stock market dynamics around the crises are analyzed to get a complete picture of the structure of the global stock market. The study further probing into the inherent nature of the global stock market in generating crisis finds the global market to be chaotic thus making the system intrinsically unstable or at best to follow knife-edge stability. The findings have significant bearing at theoretical level and on policy decisions.Despite recurrent shocks to the stock market, a disastrous association of stock market with the real sector is required to turn our attention to its importance. After the ... It has also been expressed in the current historical juncture of capitalism that financial sector in general and stock sector in ... Boom and bubble may thus have to do with events that happen in the stock markets which, given the technologicalanbsp;...

Title:Anatomy of Global Stock Market Crashes
Author:Gagari Chakrabarti, Chitrakalpa Sen
Publisher:Springer Science & Business Media - 2012-01-05


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