ASIAN STOCK MARKET FINANCIAL CATASTROPHE: PROPORTIONAL ANALYSIS OF SOUTH-EAST ASIAN STOCK MARKETS

Abstract

This study investigates financial crisis of 2007 in Asian stock markets. This study is aimed at studying the impact of this crisis on East and South Asian Stock Markets. The outcomes of this research would provide a better understanding of the stock market crashes or financial crisis and the possible implications of these scenarios. The study also adds valuable contribution to the existing literature on financial market crashes and may encourage further researches.  The years on which the research is focused on are from 2003 to 2012 while the indexes are of 52 different countries on Panel analysis basis. It can be said in the end that the financial crisis does influence the economy of any country. Financial crisis in the global scenario impact the stock markets and other financial institutions all over the world.  East Asian market was more resilient then the South Asian market in the financial crisis in the late 2000s. The governments of South Asian countries should implement the strategies and policies focused on the policies of East Asian countries to overcome the financial crisis in future..