Understanding how markets are connected and shocks are transmitted is an important issue for policymakers and market participants. In this paper, we examine the

Understanding how markets are connected and shocks are transmitted is an important issue for policymakers and market participants. In this paper, we examine the

Understanding how markets are connected and shocks are transmitted is an important issue for policymakers and market participants. In this paper, we examine the

Connections among different assets, asset classes, portfolios, and the stocks of individual institutions are critical in examining financial markets. Interest i

The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial mar