Sruthi, Rajan; Shijin, Santhakumar - In: Financial Innovation 6 (2020) 1, pp. 1-21
The present study investigates the timing and repercussion of the subprime crisis of 2008-09 in a regime-switching model. The interdependence and co-movement of financial markets in different countries has been enhanced due to the globalization of international trade, and investment trends can...