Translated title: Financial Stress Transmission from Developed to Emerging Countries
Authors: Gavrilenco, Nicolae ; Horváth, Roman (advisor) ; Jakubík, Petr (referee)
Document type: Master’s theses
Year: 2013
Language: eng
Abstract: Charles University in Prague Faculty of Social Sciences Institute of Economic Studies MASTER THESIS Financial Stress Transmission from Developed to Emerging Countries Author: Bc. Nicolae Gavrilenco Supervisor: doc. Roman Horvàth, Ph.D. Academic Year: 2012/2013 Abstract In this research we have analyzed the financial system as it is today, describing the implications financial innovation had and the impact of the recent financial crisis. We tried to understand the nature of the financial stress and its measures. In the context of world financial integration it was also necessary to have a review upon the financial stress transmission channels from developed to emerging countries, determining the linkages and their measures. We employed a structural VAR model to determine whether there is empirical proof of financial Stress transmission from developed to emerging countries and see if financial integration represents the decisive factor in financial stress transmission. Our results suggest that there is a significant impact of financial stress in developed countries on the output of emerging ones. However we can observe an increasing influence of country-specific factors in explaining the variation in the rest of the variable of our model. The results also indicate the level of international financial...
Keywords: Developed Economies; Emerging Economies; Financial Crisis; Financial Stress Index; Small Open Economy; SVAR; Developed Economies; Emerging Economies; Financial Crisis; Financial Stress Index; Small Open Economy; SVAR

Institution: Charles University Faculties (theses) (web)
Document availability information: Available in the Charles University Digital Repository.
Original record: http://hdl.handle.net/20.500.11956/59815

Permalink: http://www.nusl.cz/ntk/nusl-468023


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Universities and colleges > Public universities > Charles University > Charles University Faculties (theses)
Academic theses (ETDs) > Master’s theses