| Nonlinear Similarity Model of Financial Contagion: The Difference of the Subprime Crisis and the European Debt Crisis | |
Liu L(刘琳) ; Hui XF(惠晓峰); Shao YF(邵颖峰)
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| Source Publication | JOURNAL OF APPLIED SCIENCES
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| 2013-11 | |
| Volume | 13Issue:11Pages:1934-1940 |
| ISSN | 1812-5654 |
| Abstract | This study develops a sign-modified nonlinear similarity model to study the contagion in financial crisis. We use the similarity index as an indicator to analyze the contagion of the United States and Greece to other six countries during the subprime crisis and the European debt crisis. Our results show that in the 2007-2009 subprime crisis the United States is the contagion source; and that in the 2010-2012 European debt crisis, the impacts of Greece to other countries are smaller than those of the United States except for Italy and Spain. We conclude that the harm of the financial crisis from a large economy is more severe than that from a small economy and the small economy's crisis mainly shocks the neighboring countries with similar economy. |
| Keyword | Subprime Crisis European Debt Crisis Financial Contagion Nonlinear Similarity Similarity Index |
| Subject Area | 一般力学 |
| URL | 查看原文 |
| Indexed By | EI |
| Language | 英语 |
| Funding Organization | National Natural Science Foundation of China (71173060) |
| Department | LNM生物材料微结构和力学性能 |
| Document Type | 期刊论文 |
| Identifier | http://dspace.imech.ac.cn/handle/311007/48349 |
| Collection | 非线性力学国家重点实验室 |
| Corresponding Author | Liu L(刘琳) |
| Recommended Citation GB/T 7714 | Liu L,Hui XF,Shao YF. Nonlinear Similarity Model of Financial Contagion: The Difference of the Subprime Crisis and the European Debt Crisis[J]. JOURNAL OF APPLIED SCIENCES,2013,13,11,:1934-1940. |
| APA | 刘琳,惠晓峰,&邵颖峰.(2013).Nonlinear Similarity Model of Financial Contagion: The Difference of the Subprime Crisis and the European Debt Crisis.JOURNAL OF APPLIED SCIENCES,13(11),1934-1940. |
| MLA | 刘琳,et al."Nonlinear Similarity Model of Financial Contagion: The Difference of the Subprime Crisis and the European Debt Crisis".JOURNAL OF APPLIED SCIENCES 13.11(2013):1934-1940. |
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