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Emerging Markets and the Global Economy by Duc Khuong Nguyen, Sabri Boubaker, Mohammed Hedi Arouri

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Chapter 28

Stock Market Volatility and Contagion Effects in the Financial Crisis: The Case of South-Eastern Europe

Theodore Syriopoulos,    Department of Shipping, Trade and Transport, School of Business Studies, University of the Aegean, Chios, Greece,    Audencia School of Management, Department of Finance, Nantes, France,    E-mail: tsiriop@aegean.gr

Abstract

This Chapter discusses recent developments and growth prospects in major South-Eastern European capital markets. Despite past spectacular growth rates, boosted by EU membership, extensive structural reforms, financial-markets liberalization, and significant foreign investment inflows, empirical research on these markets remains limited and this study attempts to fill this gap. The Chapter ...

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