INTERRELATIONS OF STOCK EXCHANGE MARKETS DURING THE PERIOD OF CRISIS AND STABILITY (POST- CRISIS) PERIOD
INTERRELATIONS OF STOCK EXCHANGE MARKETS DURING THE PERIOD OF CRISIS AND STABILITY (POST- CRISIS) PERIOD

Summary/Abstract: This paper explores the empirical impact of the crisis in the interdependence degree of the stock exchanges during the period of 2008 financial crisis and the subsequent stability period until 2020. In this regard, the interdependence between the Macedonian stock exchange index as a developing country and Italian stock exchange index as a developed country, has been analyzed by dividing the time framework into two sub – periods: during the global financial crisis and post-crisis. Thus, by conducting the Pearson correlation and linear regression model it has been revealed that there is higher interdependence between the Macedonian Stock Exchange and Italian Stock exchange during the period of global financial crisis, rather than during the post-crisis (stability) period.

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