Global Crises and Equity Market Contagion
NBER Working Paper No. 17121
---- Acknowledgments ----
We would like to thank Mardi Dungey, Andy Rose and Shang-Jin Wei for discussions and suggestions as well as participants at seminars or conferences at the Hong Kong Monetary Authority, National Bank of Serbia, Bank of England, Banco Central do Brasil, CESifo, Tsinghua-Columbia Workshop in International Economics, Banque de France-CEPR workshop on macroeconomics of global interdependence (Paris, 2012), Q-Group, (Tampa, 2012), EMG-ESRC Workshop on Global Linkages and Financial Crises (Cass Business School, London, 2012) for comments on earlier versions of the paper, as well as Assaf Shtauber and Tadios Tewolde for helpful research assistance. The views expressed in this paper are solely our own and do not necessarily reflect those of the European Central Bank or the National Bureau of Economic Research.