Template-type: ReDif-Paper 1.0
Author-Name: Kleimeier Stefanie
Author-Name: William L. Megginson
Author-workplace-name: METEOR
Title: An  empirical analysis of limited recourse project
Abstract: Our study extends on conventional measures of contagion by directly investigating changes in the existence and the directions of causality. In particular, we apply a Granger-causality methodology on sovereign bond spreads as a measure of perceived country risk. For the Asian crisis, we find evidence for new and changed causality patterns on a regional level. With the arrival of the Russian crisis, causality patterns were changing not only on a regional but also on a global level.
Keywords: Economics ; 
Series: Research Memoranda
Creation-Date: 2002
Number: 066
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:dbd1c605-a4e0-4a20-994c-754cdc707367/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 318290
Handle: RePEc:unm:umamet:2002066