Naslov
Stock market stability on selected CEE and SEE markets: a quantile regression approach

Autori
Škrinjarić, Tihana

Izvornik
Post-communist economies (1463-1377) 32 (2019), 3; 352-375

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
systematic risk ; financial stability ; Central and South Eastern Europe ; stock market

Sažetak
Financial market stability has been a hot topic in the last decade due to its importance for policymakers and international investors as well. However, the literature on formal testing of this matter and its consequences is still insufficient. This is especially true for the CEE, as well as SEES markets, which are in the focus of this research. The results of this research indicate that Serbian, Hungarian, Bulgarian, Croatian, Slovenian, Romanian and Ukrainian stock markets respond more to the systematic shocks in the SEE index compared to CEE. The opposite is true for the Czech and Polish markets. Since the stability was confirmed for the Bosnian, Bulgarian and Slovenian markets for the SEE regional index and for the Bulgarian, Slovenian and Slovak markets for the CEE regional index ; policymakers in those countries should focus more on the countryspecific shocks and how to deal with specific problems within the country itself.

Izvorni jezik
Engleski

Znanstvena područja
Matematika, Ekonomija

POVEZANOST RADA