Analysis of the impact of the US financial market on the euro zone financial market For the period (2000-2016)
DOI:
https://doi.org/10.25007/ajnu.v7n2a191Keywords:
Financial indicators, global financial crisis, structural change, monetary cultureAbstract
With entering the economy into financial globalization the financial indexes became more correlated which their trends and integrations differ from time to time this is because of the sensitiveness of indexes to the changes in the economics variables. as well as , the economic and financial crisis led to changes in indexes behaviors. the purpose of this paper is to clarify and measure the effect of financial market of United States of America on the financial market of Europe zone from 2000 to 2016. the paper held monthly data of Stoxx50 index as a proxy of Europe zone financial market as well as S&P500 as a proxy of US financial market. this paper is using Chow test to examine the break structure in the data. the study confirmed that the relationship between the two market have differences effect before and after the global financial crisis 2008. the differences is created by the variance between the two index in their approaches and timing of facing the financial crisis
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References
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المواقع الالكترونية
1. الموقع الرسمي لشركة المالية https://www.stoxx.com/index.details
2. الموقع الرسمي لشركة standard and poors
https://www.standardandpoors.com/en_US/web/guest/home
3.https : //finance.yahoo.com
4. الموقع الرسمي البنك الدولي https : //data.worldbank.org
5. الموقع الرسمي للبنك الفدرالي الامريكي www.federalreserve.gov
6.الموقع الرسمي للبنك المركزي الاوربي www.ecb.europa.eu
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