This study investigates whether financial globalization influences emerging markets by examining the correlation between a global market in relation to emerging markets. By constructing yearly correlation coefficients through collecting daily return from index markets, financial contagion can be detected. International trade serves as a measurement for financial globalization, in the context of the continuation of globalization in the world. Through the progress of creating the correlation coefficients, the significance of trade globalization has been identified along with the relationship the correlation coefficients have with it. Leading to the conclusion that financial globalization does impact the emerging markets and have done so throughout the timespan of 25 years.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:lnu-113758 |
| Date | January 2022 |
| Creators | Jama Elmi, Nimco, Karlsson, Beatrice |
| Publisher | Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO) |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
Page generated in 0.0019 seconds