英文文献:Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa-发展中国家的政治危机和金融传染风险:来自非洲的证据
英文文献作者:Asongu Simplice
英文文献摘要:
The recent waves of political crises in Africa and the Middle East have inspired the debate over how political instability could pose a risk of financial contagion to emerging countries. With retrospect to the Kenyan political crisis, our findings suggest stock markets in Lebanon, Mauritius were contaminated while Nigeria experienced a positive spillover. Our results have two major implications. Firstly, we have confirmed existing consensus that African financial markets are increasingly integrated. Secondly, we have also shown that international financial market transmissions not only occur during financial crisis; political crises effects should not be undermined.
最近在非洲和中东发生的一系列政治危机引发了一场辩论,即政治不稳定如何可能对新兴国家构成金融危机蔓延的风险。回顾肯尼亚的政治危机,我们的研究结果表明,黎巴嫩和毛里求斯的股市受到了污染,而尼日利亚则经历了正面的溢出效应。我们的研究结果有两个主要含义。第一,我们确认了非洲金融市场日益一体化的共识。其次,我们还证明了国际金融市场传导不仅发生在金融危机期间;政治危机的影响不应被削弱。


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