Within the subprime crisis (2007) and the recent global financial
crisis of 2008-2009, we have observed significant decline,
corrections and structural changes in most US and European
financial markets. Furthermore, it seems that this crisis has been
rapidly transmitted toward the most developed and emerging
countries and has strongly affected the whole economy. This volume
aims to present recent researches in linear and nonlinear modelling
of economic and financial time-series. The several discussions of
empirical results of its chapters clearly help to improve the
understanding of the financial mechanisms inherent to this crisis.
They also yield an important overview on the sources of the
financial crisis and its main economic and financial consequences.
The book provides the audience a comprehensive understanding of
financial and economic dynamics in various aspects using modern
financial econometric methods. It addresses the empirical
techniques needed by economic agents to analyze the dynamics of
these markets and illustrates how they can be applied to the actual
data. It also presents and discusses new research findings and
their implications.
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