Contagion, interdependence and global crisis: Evidence from equity markets

Key Points

• Equity markets experience notable contagion, impacting multiple countries simultaneously, during global crises.
• Statistical analysis reveals key interdependence patterns in financial systems under stress, particularly during downturns.
• Assessment using financial metrics identifies how crises trigger widespread impacts across interconnected markets.
• Highlights the need for a deeper understanding of market dynamics to improve financial stability during global events.