IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v2y2024i2p166-175.html
   My bibliography  Save this article

Non-Uniform Interconnectedness Patterns And Dynamics: Evidence From Emerging Stock Markets

Author

Listed:
  • Anca-Adriana SARAOLU (IONĂȘCUȚI)

    (Doctoral School of Economics and Business Administration, West University of Timişoara, Timişoara, Romania)

Abstract

In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging stock markets. The methodology employed is the “Wavelet Local Multiple Correlation” as it allowed to introduce the dominance feature and to capture the time-varying shifts in correlations, as well as the non-uniform frequencies over time. The study involves five emerging markets worldwide for a long-time span from 2005 to 2024. The results report considerable variations within the correlation pattern, at different frequencies over time. Therefore, the findings display considerable evidence of interconnectedness and temporal dependence among the emerging stock markets.

Suggested Citation

  • Anca-Adriana SARAOLU (IONĂȘCUȚI), 2024. "Non-Uniform Interconnectedness Patterns And Dynamics: Evidence From Emerging Stock Markets," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(2), pages 166-175, December.
    • Handle: RePEc:ora:journl:v:2:y:2024:i:2:p:166-175
    as

    Download full text from publisher

    File URL: https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.14.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    emerging stock markets; interconnectedness; temporal dependence; Wavelet Local Multiple Correlation (WLMC);
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:2:y:2024:i:2:p:166-175. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE The email address of this maintainer does not seem to be valid anymore. Please ask Catalin ZMOLE to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.