{"id":"https://openalex.org/W4283079451","doi":"https://doi.org/10.3390/economies10060147","title":"Cross-Market Correlations and Financial Contagion from Developed to Emerging Economies: A Case of COVID-19 Pandemic","display_name":"Cross-Market Correlations and Financial Contagion from Developed to Emerging Economies: A Case of COVID-19 Pandemic","publication_year":2022,"publication_date":"2022-06-16","ids":{"openalex":"https://openalex.org/W4283079451","doi":"https://doi.org/10.3390/economies10060147"},"language":"en","primary_location":{"id":"doi:10.3390/economies10060147","doi":"https://doi.org/10.3390/economies10060147","is_oa":true,"landing_page_url":"https://doi.org/10.3390/economies10060147","pdf_url":"https://www.mdpi.com/2227-7099/10/6/147/pdf?version=1655381456","source":{"id":"https://openalex.org/S2737296559","display_name":"Economies","issn_l":"2227-7099","issn":["2227-7099"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","doaj","norway-1","poland-40","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2227-7099/10/6/147/pdf?version=1655381456","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5040236343","display_name":"Taufeeque Ahmad Siddiqui","orcid":"https://orcid.org/0000-0002-3149-2234","observed_orcids":["https://orcid.org/0000-0002-3149-2234"]},"institutions":[{"id":"https://openalex.org/I59475050","display_name":"Jamia Millia Islamia","ror":"https://ror.org/00pnhhv55","country_code":"IN","type":"education","lineage":["https://openalex.org/I59475050"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Taufeeque Ahmad Siddiqui","raw_affiliation_strings":["Centre for Management Studies, Jamia Millia Islamia, New Delhi 110025, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Management Studies, Jamia Millia Islamia, New Delhi 110025, India","institution_ids":["https://openalex.org/I59475050"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5014244177","display_name":"Mazia Fatima Khan","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I59475050","display_name":"Jamia Millia Islamia","ror":"https://ror.org/00pnhhv55","country_code":"IN","type":"education","lineage":["https://openalex.org/I59475050"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Mazia Fatima Khan","raw_affiliation_strings":["Centre for Management Studies, Jamia Millia Islamia, New Delhi 110025, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Management Studies, Jamia Millia Islamia, New Delhi 110025, India","institution_ids":["https://openalex.org/I59475050"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5007004755","display_name":"Mohammad Naushad","orcid":"https://orcid.org/0000-0003-4421-3422","observed_orcids":["https://orcid.org/0000-0003-4421-3422"]},"institutions":[{"id":"https://openalex.org/I142608572","display_name":"Prince Sattam Bin Abdulaziz University","ror":"https://ror.org/04jt46d36","country_code":"SA","type":"education","lineage":["https://openalex.org/I142608572"]}],"countries":["SA"],"is_corresponding":true,"raw_author_name":"Mohammad Naushad","raw_affiliation_strings":["Management Department, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj 11942, Saudi Arabia"],"raw_orcid":"https://orcid.org/0000-0003-4421-3422","affiliations":[{"raw_affiliation_string":"Management Department, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj 11942, Saudi Arabia","institution_ids":["https://openalex.org/I142608572"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5081521520","display_name":"Abdul Malik Syed","orcid":"https://orcid.org/0000-0001-5593-7405","observed_orcids":["https://orcid.org/0000-0001-5593-7405"]},"institutions":[{"id":"https://openalex.org/I4210165529","display_name":"University of Business and Technology","ror":"https://ror.org/05tcr1n44","country_code":"SA","type":"education","lineage":["https://openalex.org/I4210165529"]}],"countries":["SA"],"is_corresponding":false,"raw_author_name":"Abdul Malik Syed","raw_affiliation_strings":["Finance Department, College of Business and Administration, University of Business and Technology, Jeddah 21448, Saudi Arabia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Finance Department, College of Business and Administration, University of Business and Technology, Jeddah 21448, Saudi Arabia","institution_ids":["https://openalex.org/I4210165529"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5007004755"],"corresponding_institution_ids":["https://openalex.org/I142608572"],"apc_list":{"value":1400,"currency":"CHF","value_usd":1466},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1466},"fwci":2.3293,"has_fulltext":true,"cited_by_count":16,"citation_normalized_percentile":{"value":0.88944031,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":98},"biblio":{"volume":"10","issue":"6","first_page":"147","last_page":"147"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9833999872207642,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.9833999872207642,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.009499999694526196,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11059","display_name":"Market Dynamics and Volatility","score":0.005200000014156103,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-contagion","display_name":"financial contagion","score":0.871999979019165},{"id":"https://openalex.org/keywords/cross-market-correlation","display_name":"cross-market correlation","score":0.8999999761581421},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.9710000157356262},{"id":"https://openalex.org/keywords/stock-market","display_name":"stock market","score":0.6549999713897705},{"id":"https://openalex.org/keywords/developed-countries","display_name":"developed countries","score":0.5799999833106995},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9520000219345093},{"id":"https://openalex.org/keywords/time-varying-conditional-correlation","display_name":"time-varying conditional correlation","score":0.7409999966621399},{"id":"https://openalex.org/keywords/markov-switching-model","display_name":"Markov regime switching","score":0.8140000104904175},{"id":"https://openalex.org/keywords/dcc-garch","display_name":"DCC-GARCH","score":0.8859999775886536},{"id":"https://openalex.org/keywords/portfolio-diversification","display_name":"portfolio diversification","score":0.6959999799728394}],"concepts":[{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.7296984791755676},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.631310224533081},{"id":"https://openalex.org/C3651065","wikidata":"https://www.wikidata.org/wiki/Q7204","display_name":"Middle East","level":2,"score":0.6231531500816345},{"id":"https://openalex.org/C89623803","wikidata":"https://www.wikidata.org/wiki/Q12184","display_name":"Pandemic","level":5,"score":0.5494194030761719},{"id":"https://openalex.org/C76775654","wikidata":"https://www.wikidata.org/wiki/Q27231","display_name":"East Asia","level":3,"score":0.5380818843841553},{"id":"https://openalex.org/C3008058167","wikidata":"https://www.wikidata.org/wiki/Q84263196","display_name":"Coronavirus disease 2019 (COVID-19)","level":4,"score":0.49854516983032227},{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.4914182424545288},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4781007170677185},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.46383723616600037},{"id":"https://openalex.org/C2778890369","wikidata":"https://www.wikidata.org/wiki/Q499041","display_name":"Financial contagion","level":3,"score":0.4156950116157532},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.39336636662483215},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.37815606594085693},{"id":"https://openalex.org/C136264566","wikidata":"https://www.wikidata.org/wiki/Q159810","display_name":"Economy","level":1,"score":0.33890780806541443},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3368489742279053},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.33387917280197144},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17929720878601074},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.10219916701316833},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0},{"id":"https://openalex.org/C142724271","wikidata":"https://www.wikidata.org/wiki/Q7208","display_name":"Pathology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C2779134260","wikidata":"https://www.wikidata.org/wiki/Q12136","display_name":"Disease","level":2,"score":0.0},{"id":"https://openalex.org/C524204448","wikidata":"https://www.wikidata.org/wiki/Q788926","display_name":"Infectious disease (medical specialty)","level":3,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.3390/economies10060147","doi":"https://doi.org/10.3390/economies10060147","is_oa":true,"landing_page_url":"https://doi.org/10.3390/economies10060147","pdf_url":"https://www.mdpi.com/2227-7099/10/6/147/pdf?version=1655381456","source":{"id":"https://openalex.org/S2737296559","display_name":"Economies","issn_l":"2227-7099","issn":["2227-7099"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","doaj","norway-1","poland-40","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:gam:jecomi:v:10:y:2022:i:6:p:147-:d:840623","doi":null,"is_oa":false,"landing_page_url":"https://www.mdpi.com/2227-7099/10/6/147/","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:51126b158b184680b2d966cadef6ae6a","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/51126b158b184680b2d966cadef6ae6a","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economies, Vol 10, Iss 6, p 147 (2022)","raw_type":"article"},{"id":"pmh:oai:econstor.eu:10419/328447","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/328447","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"}],"best_oa_location":{"id":"doi:10.3390/economies10060147","doi":"https://doi.org/10.3390/economies10060147","is_oa":true,"landing_page_url":"https://doi.org/10.3390/economies10060147","pdf_url":"https://www.mdpi.com/2227-7099/10/6/147/pdf?version=1655381456","source":{"id":"https://openalex.org/S2737296559","display_name":"Economies","issn_l":"2227-7099","issn":["2227-7099"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-c","anvur-scientific","cwts-core","doaj","norway-1","poland-40","vabb-shw"],"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economies","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Good health and well-being","score":0.5683000087738037,"id":"https://metadata.un.org/sdg/3"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4283079451.pdf","grobid_xml":"https://content.openalex.org/works/W4283079451.grobid-xml"},"referenced_works_count":64,"referenced_works":["https://openalex.org/W1514479581","https://openalex.org/W1727659491","https://openalex.org/W1961734499","https://openalex.org/W1972716931","https://openalex.org/W1981566563","https://openalex.org/W1986033851","https://openalex.org/W1993592110","https://openalex.org/W1994547093","https://openalex.org/W2019903543","https://openalex.org/W2027731080","https://openalex.org/W2029351566","https://openalex.org/W2046004231","https://openalex.org/W2047876229","https://openalex.org/W2070784918","https://openalex.org/W2074812030","https://openalex.org/W2075890229","https://openalex.org/W2091592366","https://openalex.org/W2091733008","https://openalex.org/W2093813982","https://openalex.org/W2113987286","https://openalex.org/W2117330494","https://openalex.org/W2149785293","https://openalex.org/W2149908462","https://openalex.org/W2149948943","https://openalex.org/W2160360265","https://openalex.org/W2168329715","https://openalex.org/W2171728272","https://openalex.org/W2281611353","https://openalex.org/W2301459175","https://openalex.org/W2370533114","https://openalex.org/W2489540272","https://openalex.org/W2512361009","https://openalex.org/W2947763034","https://openalex.org/W2961149884","https://openalex.org/W3016798707","https://openalex.org/W3019724901","https://openalex.org/W3021709961","https://openalex.org/W3022416583","https://openalex.org/W3022908605","https://openalex.org/W3025524632","https://openalex.org/W3026479760","https://openalex.org/W3026812076","https://openalex.org/W3108445737","https://openalex.org/W3109905366","https://openalex.org/W3112681173","https://openalex.org/W3121179723","https://openalex.org/W3122159399","https://openalex.org/W3123595996","https://openalex.org/W3123834106","https://openalex.org/W3124124033","https://openalex.org/W3124507683","https://openalex.org/W3125390493","https://openalex.org/W3164104144","https://openalex.org/W3177393030","https://openalex.org/W3179514445","https://openalex.org/W3180176435","https://openalex.org/W3185121219","https://openalex.org/W3186068079","https://openalex.org/W3191356883","https://openalex.org/W3208688597","https://openalex.org/W4200008030","https://openalex.org/W4220840435","https://openalex.org/W4226389684","https://openalex.org/W6643276414"],"related_works":["https://openalex.org/W4415692970","https://openalex.org/W4312185285","https://openalex.org/W3124115536","https://openalex.org/W4319595633","https://openalex.org/W4387876163","https://openalex.org/W7065417758","https://openalex.org/W2902865823","https://openalex.org/W7212002678","https://openalex.org/W4212935262","https://openalex.org/W4220657778"],"abstract_inverted_index":{"In":[0],"the":[1,4,20,30,42,61,79,88,91,103,107,132,140],"event":[2],"that":[3,115],"COVID-19":[5],"pandemic":[6],"spreads":[7],"across":[8],"various":[9],"stock":[10],"markets,":[11,124],"this":[12],"study":[13,28],"may":[14],"be":[15],"deemed":[16],"as":[17],"one":[18],"of":[19,32,90],"primary":[21],"studies":[22],"to":[23,47,151],"evaluate":[24],"cross-market":[25],"interactions.":[26],"The":[27,65,82,95,112,147],"examines":[29],"spread":[31],"contagious":[33],"effects":[34],"originating":[35],"from":[36,122],"developed":[37,73,123],"economies":[38],"(the":[39],"United":[40,43,62],"States,":[41],"Kingdom,":[44],"and":[45,60,76,78,101,137,139,154],"Japan)":[46],"selected":[48],"emerging":[49,117],"markets":[50,118],"(China,":[51],"India,":[52],"Thailand,":[53],"Taiwan,":[54],"Egypt,":[55],"South":[56],"Africa,":[57],"Saudi":[58],"Arabia,":[59],"Arab":[63],"Emirates).":[64],"countries":[66],"studied":[67],"are":[68,98,119,149],"classified":[69],"into":[70],"three":[71],"regions:":[72],"economies,":[74],"Asia,":[75],"Africa":[77,138],"Middle":[80,141],"East.":[81],"crisis":[83,104],"period":[84],"is":[85],"identified":[86],"with":[87],"deployment":[89],"Markov":[92],"regime-switching":[93],"model.":[94,111],"conditional":[96],"correlations":[97],"compared":[99],"before":[100],"after":[102],"episode":[105],"using":[106],"time-varying":[108],"multivariate":[109],"DCC-GARCH":[110],"findings":[113,148],"confirm":[114],"certain":[116],"experiencing":[120],"contagion":[121],"while":[125],"others":[126],"remain":[127],"unaffected.":[128],"Overall,":[129],"investors":[130],"in":[131,157],"two":[133],"regions":[134],"examined":[135],"(Asia,":[136],"East)":[142],"have":[143],"comparable":[144],"diversification":[145],"options.":[146],"expected":[150],"bolster":[152],"policymakers":[153],"international":[155],"agencies":[156],"developing":[158],"post-crisis":[159],"measures.":[160]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":7}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2022-06-19T00:00:00"}
