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dc.contributor.authorSingh, V
dc.contributor.authorRoca, ED
dc.date.accessioned2021-01-17T21:44:38Z
dc.date.available2021-01-17T21:44:38Z
dc.date.issued2020
dc.identifier.issn0003-6846
dc.identifier.doi10.1080/00036846.2020.1849535
dc.identifier.urihttp://hdl.handle.net/10072/400824
dc.description.abstractWe test the hypothesis that the integration of China into the global financial system, as a consequence of domestic market reforms, reduced the effectiveness of intervention efforts during the stock market crises. Using an event study methodology in tandem with the DCC GARCH and Markov Regime Switching models, we investigate whether the interventions were able to address the decline in market returns and volatility during the 2008 and 2015 stock market collapses. Results show that the 2015 measures were ineffective compared to the 2008 ones and that the increasing global integration of the Chinese market played a significant role in their failure. This study is the first of its kind and the results have important implications for policymakers, given the vital position of China in the international economy.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherInforma UK Limited
dc.relation.ispartofjournalApplied Economics
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.titleWeathering financial crisis in China: the role of global market integration
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationSingh, V; Roca, ED, Weathering financial crisis in China: the role of global market integration, Applied Economics, 2020
dc.date.updated2021-01-08T05:23:07Z
dc.description.versionAccepted Manuscript (AM)
gro.description.notepublicThis publication has been entered as an advanced online version in Griffith Research Online.
gro.rights.copyrightThis is an Author's Accepted Manuscript of an article published in Applied Economics, 20 Dec 2020, copyright Taylor & Francis, available online at: https://doi.org/10.1080/00036846.2020.1849535
gro.hasfulltextFull Text
gro.griffith.authorRoca, Eduardo D.
gro.griffith.authorSingh, Vikkram


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