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A wavelet-based approach to test for financial market contagion
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7
August 2024
2024/2025
A+
The repeated occurrence of turmoils in international financial markets has drawn a striking interest in the linkages
between financial markets during times of crisis. Indeed, in turbulent periods we observe an increase in cross-market
linkages due to the propagation of shocks from one country to other countries as a consequence of the high integration
of financial and goods markets. The increase in cross-market linkages from the pre-crisis period to the crisis period may
take the form of int...
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