SpringerBriefs in Economics

Anatomy of Global Stock Market Crashes

An Empirical Analysis

Authors: Chakrabarti, Gagari, Sen, Chitrakalpa

  • Identification of a distinct pattern in stock market cycles
  • Identification of multiple structural breaks
  • Addressing the issue of razor's edge instability and connecting it to the underlying nonlinear nature of the stock markets
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  • ISBN 978-81-322-0463-3
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About this book

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.

About the authors

Dr. Gagari Chakrabarti completed her Masters, M.Phil and Doctorate in Economics from the University of Calcutta and is currently working as an Assistant Professor at the prestigious Presidency University (erstwhile Presidency College) in Kolkata, India. Her area of specialization is Financial Economics and application of econometrics in financial economics. She has several national and international publications to her credit. Chitrakalpa Sen is a lecturer in Economics at G. D. Goenka World Institute - Lancaster University. He has completed his Masters in Economics from Calcutta University and currently pursuing PhD from West Bengal University of Technology. Mr. Sen's area of interest is financial economics, econometrics and non-linear application of econometrics in financial time series. He has presented his works in several national and international conferences and journals.

Table of contents (4 chapters)

  • Introduction

    Chakrabarti, Gagari (et al.)

    Pages 1-5

  • Stock Market Cycles and Volatility Regime Switch

    Chakrabarti, Gagari (et al.)

    Pages 7-25

  • Crises and Latent Structure in the Global Stock Market

    Chakrabarti, Gagari (et al.)

    Pages 27-47

  • Global Stock Market, Knife-Edge Stability and the Crisis

    Chakrabarti, Gagari (et al.)

    Pages 49-62

Buy this book

eBook $34.99
price for USA
  • ISBN 978-81-322-0463-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Download immediately after purchase
Softcover $49.95
price for USA
  • ISBN 978-81-322-0462-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Anatomy of Global Stock Market Crashes
Book Subtitle
An Empirical Analysis
Authors
Series Title
SpringerBriefs in Economics
Copyright
2012
Publisher
Springer India
Copyright Holder
The Author(s)
eBook ISBN
978-81-322-0463-3
DOI
10.1007/978-81-322-0463-3
Softcover ISBN
978-81-322-0462-6
Series ISSN
2191-5504
Edition Number
1
Number of Pages
X, 62
Number of Illustrations and Tables
7 b/w illustrations
Topics