Possible effects of the sub-prime financial crisis on financial markets in African countries

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dc.contributor.authorRagoleka, Seitebaleng Millicent
dc.date.accessioned2018-02-13T09:47:54Z
dc.date.available2018-02-13T09:47:54Z
dc.date.issued2016
dc.descriptionA dissertation submitted to the Wits Business School, Faculty of Commerce, Law and Management, in partial fulfillment of the requirements of the candidacy of the Masters of Management in Finance and Investments University of Witwatersrand April 2016en_ZA
dc.description.abstractThe aim of this paper is to investigate financial contagion in African financial markets from the global financial crisis. Interest in this subject has grown exponentially in the recent past in light of expanding globalization. The empirical analysis is based on daily stock price indices of a sample of African countries in order to compute the stock returns and find the impact of correlations between them and the US market. The empirical evidence is based on correlation tests by Forbes& Rigobon (2002). The analysis suggests that the larger markets by market capitalization and number of traded stocks exhibit co-movement, whereas the smaller markets experience financial contagion. The results have implications for financial investment process and risk management in terms of globalization and the unfolding of financial liberalization in Africa.en_ZA
dc.description.librarianGR2018en_ZA
dc.format.extentOnline resource (109 pages)
dc.identifier.citationRagoleka, Seitebaleng Millicent (2017) Possible effects of the sub-prime financial crisis on financial markets in African countries, University of the Witwatersrand, Johannesburg, <https://hdl.handle.net/10539/23852>
dc.identifier.urihttps://hdl.handle.net/10539/23852
dc.language.isoenen_ZA
dc.subject.lcshFinancial crises--Africa
dc.subject.lcshStock markets--Africa
dc.subject.lcshEconomic forecasting--Africa
dc.titlePossible effects of the sub-prime financial crisis on financial markets in African countriesen_ZA
dc.typeThesisen_ZA
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