Title: Analysis of Financial Crisis Contagion Effects in the Perspective of Portfolio Dynamic Combinatorial
Abstract: In this article we study the characteristics of financial crisis contagion during the multinational investors' portfolio adjustment process through a four-stage supply and demand dynamics.We take the interaction of investment concept and investment performance as the breakpoint,analyse financial contagion come from the microscopic trade behavior of multinational investors' portfolio adjustment in the four-stage of financial crisis.We do the metrology inspection with the mutual funds transaction data of the 9 countries and concluded: The positive feedback effect of multinational investors' portfolio redistribution is the important contagion channel of financial crisis;The country that share the risk appetite investors with the country where the financial crisis first break out is the most vulnerable country to infection crisis;The strength of four-stage contagion effects of financial crisis was dynamic change;In financial market,investor's information collection has a important role to melt the financial risks.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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