FINANCIAL MARKETS' SHUTDOWN AND REACCESS

Luca Agnello, Vítor Castro, Ricardo M. Sousa

Risultato della ricerca: Article

2 Citazioni (Scopus)

Abstract

We employ a discrete-time parametric duration model on a group of 121 countries over the period 1970–2011 and find that the probability of the end of financial markets' shutdown and reaccess falls as these events become longer. We also show that: (1) shutdown episodes are longer when economic prospects are poor and the degree of financial openness falls, the chief executive has been in office for long periods, and the country has a default history and (2) spells of reaccess tend to be longer when economic growth improves and financial openness increases, there are neither government crises nor government instability, and the country did not default in the past. (JEL C41, G15).
Lingua originaleEnglish
pagine (da-a)562-571
Numero di pagine10
RivistaEconomic Inquiry
Volume56
Stato di pubblicazionePublished - 2018

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Financial openness
Government
Financial markets
Economics
Duration models
Economic growth
Discrete-time
Chief executives
Long period

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Economics and Econometrics

Cita questo

Agnello, L., Castro, V., & Sousa, R. M. (2018). FINANCIAL MARKETS' SHUTDOWN AND REACCESS. Economic Inquiry, 56, 562-571.

FINANCIAL MARKETS' SHUTDOWN AND REACCESS. / Agnello, Luca; Castro, Vítor; Sousa, Ricardo M.

In: Economic Inquiry, Vol. 56, 2018, pag. 562-571.

Risultato della ricerca: Article

Agnello, L, Castro, V & Sousa, RM 2018, 'FINANCIAL MARKETS' SHUTDOWN AND REACCESS', Economic Inquiry, vol. 56, pagg. 562-571.
Agnello, Luca ; Castro, Vítor ; Sousa, Ricardo M. / FINANCIAL MARKETS' SHUTDOWN AND REACCESS. In: Economic Inquiry. 2018 ; Vol. 56. pagg. 562-571.
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