Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/14079
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dc.contributor.authorAswani, Jitendra
dc.date.accessioned2015-07-10T10:33:28Z
dc.date.available2015-07-10T10:33:28Z
dc.date.issued2015
dc.identifier.citationAswani, J..(2015). Analyzing the Impact of Global Financial Crisis on the Interconnectedness of Asian Stock Market using Network Science. 4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence. Indian Institute of Management, Ahmedabaden_US
dc.identifier.urihttp://hdl.handle.net/11718/14079
dc.description.abstractIn the first section of this study, impact of Global Financial Crisis (GFC) on the synchronization of fourteen Asian stock Markets of these countries: Hong Kong, India, Thailand, Singapore, Taiwan, Pakistan, Bangladesh, South Korea, Malaysia, Indonesia, Japan, China, Philippines and Sri Lanka, has been analyzed using the network science and its metrics like degree of node, clustering coefficient and network density. Then in the second section of this study by introducing the US stock market in existing network and developing a Minimum Spanning Tree (MST) spread of crisis from the US stock market to Asian Stock Markets (ASM) has been explained. Data used for this study is adjusted closing price of these indices from 6th January, 2000 to 15th September, 2013 which further divided into three sub periods: pre , during and post crisis. Using network analysis, it is found that Asian stock markets become more interdependent during the crisis than pre and post crisis, and also Hong Kong, India, South Korea and Japan are systemic important stock markets in the Asian region. Therefore, failure or shock to any of these systemic important stock markets can cause contagion to other stock market of this region. This study is useful for global investors’ in portfolio management especially during the crisis period and also for policy makers in formulating the financial regulation norms by knowing the connections between the stock markets and how the system of these stock markets changes in crisis period and after that.en_US
dc.language.isoenen_US
dc.publisherIndian Institute of Management, Ahmedabaden_US
dc.relation.ispartofseriesIC 15;147
dc.subjectFinancial Crisisen
dc.subjectAsian Stock Marketen
dc.subjectNetwork Scienceen
dc.titleAnalyzing the Impact of Global Financial Crisis on the Interconnectedness of Asian Stock Market using Network Scienceen_US
dc.typeArticleen_US
Appears in Collections:4th IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence

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