DOMESTIC AND FOREIGN TRANSMISSION OF THE GLOBAL FINANCIAL CRISIS IN THE REAL ECONOMY. THE POLISH SITUATION
DOMESTIC AND FOREIGN TRANSMISSION OF THE GLOBAL FINANCIAL CRISIS IN THE REAL ECONOMY. THE POLISH SITUATION
Author(s): Elena Valentina TilicaSubject(s): National Economy, Supranational / Global Economy, Energy and Environmental Studies, Financial Markets
Published by: EDITURA ASE
Keywords: Financial contagion; emerging stock markets; real-economy sectors; domestic contagion;
Summary/Abstract: This paper studies the contagion process of the 2008 Global Financial Crisis through several important Polish economic sectors: chemical, construction, food, IT, media, oil & gas and telecommunication. The results show a significant difference between the response of these sectors to the crisis. Chemical, construction, media and oil and gas were selected, in different degrees, by a domestic financial contagion. The food industry was influenced in a negligible degree by contagion, while the IT and telecommunication sectors showed a decrease of their co-movements with the financial sector, both foreign and domestic.
Journal: The Review of Finance and Banking
- Issue Year: 13/2021
- Issue No: 1
- Page Range: 47-60
- Page Count: 14
- Language: English