FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2012532773> ?p ?o ?g. }

• W2012532773 endingPage "515" @default.
• W2012532773 startingPage "502" @default.
• W2012532773 abstract "The present article analyses the alternations in the causality in the financial markets during the 2008–2009 financial crisis with a clear focus on the changes and developments in the financial markets of the Baltic States and Russia in the period starting from 2008. The authors have advanced a hypothesis that the research methods of trends of an abrupt plunge and subsequent stabilistation of equity prices that were clearly discernable during the 1987 crisis are also pointfull for the current financial crisis. The present research was conducted on the basis of the following assumptions: both crises affected financial markets of several nations; a characteristic feature for the inception of the crises is an abrupt fall in equity prices; indications of stabilisation in financial markets become observable before financial experts conclude the end of the financial crisis. To confirm the hypothesis on the similarities of the general trends during the two major international financial crisis, the authors employed empiric tests developed on the basis of Granger causality tests. Based on the precedent survey of the financial crisis of 1987 (Malliaris and Urrutia 1992), the authors of the present article chose to use the Granger causality testing methodology. To be able to apply the Granger causality test first it was necessary to verify the degree of cointegration of the indices of the main equity markets in each of the country (OMX Vilnius, OMX Riga, OMX Tallinn, RTS). For that purpose the authors used the Dickey‐Fuller and Johansen testing methodology. Both methodologies demonstrated a strong cointegration between the changes in the indices of all equity markets irrespective of the period analysed (i.e., pre‐crisis, during the crisis, post‐crisis). In all cases the T‐statistics exceeded the critical value. The strongest cointegration was observable in the crisis period, and the weakest – after the crisis. The results showed that in view of the financial crisis the Latvian market showed the greatest degree of slow‐down despite it being most active in the pre‐crisis times, likewise, Estonian market also showed a somewhat higher degree of passiveness. Thus, it was the Latvian and Estonian markets that the financial downturn had the most painful impacts upon. While the Lithuanian and the Russian markets were, on the contrary, much more active and therefore outlived the equity crash period with least painful after‐effects, thus producing confirmation that in the face of a crisis the interests and expectations of most investors are largely related to major markets normally viewed as more reliable and showing a higher degree of resilience. Santrauka Straipsnyje analizuojami finansų rinkų priežastingumo pokyčiai 2008–2009 m. finansinės krizės laikotarpiu. Pagrindinis dėmesys sutelkiamas į Baltijos šalių– Lietuvos, Latvijos ir Estijos – bei Rusijos akcijų rinkų pokyčius nuo 2008 m. Autoriai iškelia hipotezę, kad finansų rinkose staigaus akcijų kainų kritimo ir jų stabilizavimosi tendencijos, kurios išryškejo nuo 1987 m. prasidėjusios krizės, būdingos dabartinei finansinei krizei. Tyrimo metu daromos prielaidos: abi krizės apima daugelio valstybių finansų rinkas; krizių pradžiai būdingas staigus akcijų kainų kritimas; finansų rinkų stabilizavimosi požymiai pastebimi anksčiau, nei ekspertai konstatuoja krizės pabaigą. Dviejų tarptautinių finansų rinkų krizių bendrųjų tendencijų panašumo hipotezei patvirtinti naudoti empiriniai testai, parengti remiantis Granger priežastiniais testais: Granger priežastiniai testai ir kointegracijos testai. Nustatyta, kad finansinės krizės metu Latvijos rinka tapo pasyviausia, nors iki prasidedant krizei buvo pati aktyviausia, pasyvesne tapo ir Estijos rinka. Taigi finansinis nuosmukis skaudžiausiai paveikė Latvijos ir Estijos finansų rinkas. Lietuvos ir Rusijos rinkos krizės metu tapo pačios aktyviausios ir lengviausiai išgyveno akcijų kainų kritimo perioda, tuo patvirtindamos, kad krizės metu daugelio investuotojų interesai ir lūkesčiai paprastai siejami su didesnemis rinkomis, kurios laikomos patikimesnėmis ir turinčiomis galimybę greičiau atsigauti." @default.
• W2012532773 created "2016-06-24" @default.
• W2012532773 creator A5021908050 @default.
• W2012532773 creator A5035095943 @default.
• W2012532773 date "2010-09-30" @default.
• W2012532773 modified "2023-09-25" @default.
• W2012532773 title "ALTERATIONS IN THE FINANCIAL MARKETS OF THE BALTIC COUNTRIES AND RUSSIA IN THE PERIOD OF ECONOMIC DOWNTURN / FINANSŲ RINKŲ POKYČIAI BALTIJOS ŠALYSE IR RUSIJOJE EKONOMINIO NUOSMUKIO LAIKOTARPIU" @default.
• W2012532773 cites W1499718974 @default.
• W2012532773 cites W1519062167 @default.
• W2012532773 cites W1982386705 @default.
• W2012532773 cites W2002173203 @default.
• W2012532773 cites W2002514413 @default.
• W2012532773 cites W2005421479 @default.
• W2012532773 cites W2009755588 @default.
• W2012532773 cites W2010930121 @default.
• W2012532773 cites W2062433849 @default.
• W2012532773 cites W2068047323 @default.
• W2012532773 cites W2075556994 @default.
• W2012532773 cites W2106418994 @default.
• W2012532773 cites W2110603299 @default.
• W2012532773 cites W2116478407 @default.
• W2012532773 cites W2167526165 @default.
• W2012532773 cites W2176819521 @default.
• W2012532773 cites W2297230038 @default.
• W2012532773 cites W3122465640 @default.
• W2012532773 cites W4236989364 @default.
• W2012532773 doi "https://doi.org/10.3846/tede.2010.31" @default.
• W2012532773 hasPublicationYear "2010" @default.
• W2012532773 type Work @default.
• W2012532773 sameAs 2012532773 @default.
• W2012532773 citedByCount "18" @default.
• W2012532773 countsByYear W20125327732012 @default.
• W2012532773 countsByYear W20125327732013 @default.
• W2012532773 countsByYear W20125327732014 @default.
• W2012532773 countsByYear W20125327732015 @default.
• W2012532773 countsByYear W20125327732016 @default.
• W2012532773 countsByYear W20125327732017 @default.
• W2012532773 countsByYear W20125327732018 @default.
• W2012532773 countsByYear W20125327732019 @default.
• W2012532773 countsByYear W20125327732020 @default.
• W2012532773 countsByYear W20125327732021 @default.
• W2012532773 crossrefType "journal-article" @default.
• W2012532773 hasAuthorship W2012532773A5021908050 @default.
• W2012532773 hasAuthorship W2012532773A5035095943 @default.
• W2012532773 hasBestOaLocation W20125327731 @default.
• W2012532773 hasConcept C10138342 @default.
• W2012532773 hasConcept C129824826 @default.
• W2012532773 hasConcept C139719470 @default.
• W2012532773 hasConcept C145162277 @default.
• W2012532773 hasConcept C149782125 @default.
• W2012532773 hasConcept C162324750 @default.
• W2012532773 hasConcept C17744445 @default.
• W2012532773 hasConcept C19244329 @default.
• W2012532773 hasConcept C199539241 @default.
• W2012532773 hasConcept C199728807 @default.
• W2012532773 hasConcept C2778300220 @default.
• W2012532773 hasConcept C73283319 @default.
• W2012532773 hasConceptScore W2012532773C10138342 @default.
• W2012532773 hasConceptScore W2012532773C129824826 @default.
• W2012532773 hasConceptScore W2012532773C139719470 @default.
• W2012532773 hasConceptScore W2012532773C145162277 @default.
• W2012532773 hasConceptScore W2012532773C149782125 @default.
• W2012532773 hasConceptScore W2012532773C162324750 @default.
• W2012532773 hasConceptScore W2012532773C17744445 @default.
• W2012532773 hasConceptScore W2012532773C19244329 @default.
• W2012532773 hasConceptScore W2012532773C199539241 @default.
• W2012532773 hasConceptScore W2012532773C199728807 @default.
• W2012532773 hasConceptScore W2012532773C2778300220 @default.
• W2012532773 hasConceptScore W2012532773C73283319 @default.
• W2012532773 hasIssue "3" @default.
• W2012532773 hasLocation W20125327731 @default.
• W2012532773 hasOpenAccess W2012532773 @default.
• W2012532773 hasPrimaryLocation W20125327731 @default.
• W2012532773 hasRelatedWork W2019254267 @default.
• W2012532773 hasRelatedWork W2148032770 @default.
• W2012532773 hasRelatedWork W2163244732 @default.
• W2012532773 hasRelatedWork W2606647376 @default.
• W2012532773 hasRelatedWork W2993168730 @default.
• W2012532773 hasRelatedWork W2993857569 @default.
• W2012532773 hasRelatedWork W3096481546 @default.
• W2012532773 hasRelatedWork W3122255546 @default.
• W2012532773 hasRelatedWork W3168125890 @default.
• W2012532773 hasRelatedWork W388874301 @default.
• W2012532773 hasVolume "16" @default.
• W2012532773 isParatext "false" @default.
• W2012532773 isRetracted "false" @default.
• W2012532773 magId "2012532773" @default.
• W2012532773 workType "article" @default.