Financial markets’ shutdown and reaccess

We employ a discrete-time parametric duration model on a group of 121 countries over the period 1970-2011 and find that the probability of the end of financial markets’ shutdown and re-access falls as these events become longer. We also show that: (i) shutdown episodes are longer when economic prosp...

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Bibliographic Details

Main Authors:	Luca Agnello, Vitor Castro, Ricardo M. Sousa
Format:	Default Article
Published:	2017
Subjects:	Other economics not elsewhere classified Financial markets’ shutdown Financial markets’ re-access Parametric duration model Economics Economics not elsewhere classified
Online Access:	https://hdl.handle.net/2134/26417
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