ISSN 2394-5125
 

Research Article 


STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI.

Abstract
One of the biggest challenges in global economy is spillover effects of financial crises which most countries in the world experienced in 2008. So
since then, a lot of countries have made some various efforts to improve their financial and economic resilience against exogenous shocks and crises.
In this paper, we examined the resilience of Tehran stock exchange (TEPIX) against external shocks from some advanced stock markets including
New York stock market (S&P500), London stock market (FTSE100) and Frankfort stock market (DAX). For modeling, we used Global Vector Auto
Regressive (GVAR) and GIRFs by data covering the period of 2000/4/1 to 2019/25/1. The results show that the direction of spillover is from
advanced stock markets to TEPIX, and also degree of resiliency of Tehran stock market against exogenous shocks is low and weak. Furthermore, the
duration of shock absorption in Tehran market is more prolonged than other markets. Also the results are consistent with some research conducted
in the context of resilience at macro level of Iranian economy.

Key words: ďResilienceĒ, ďFinancial CrisesĒ, ďSpilloverĒ, ďGlobal Vector Auto Regressive (GVAR)Ē


 
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How to Cite this Article
Pubmed Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. JCR. 2020; 7(17): 3440-3444. doi:10.31838/jcr.07.17.426


Web Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. http://www.jcreview.com/?mno=36432 [Access: August 17, 2021]. doi:10.31838/jcr.07.17.426


AMA (American Medical Association) Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. JCR. 2020; 7(17): 3440-3444. doi:10.31838/jcr.07.17.426



Vancouver/ICMJE Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. JCR. (2020), [cited August 17, 2021]; 7(17): 3440-3444. doi:10.31838/jcr.07.17.426



Harvard Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI (2020) STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. JCR, 7 (17), 3440-3444. doi:10.31838/jcr.07.17.426



Turabian Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. 2020. STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. Journal of Critical Reviews, 7 (17), 3440-3444. doi:10.31838/jcr.07.17.426



Chicago Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. "STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES." Journal of Critical Reviews 7 (2020), 3440-3444. doi:10.31838/jcr.07.17.426



MLA (The Modern Language Association) Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI. "STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES." Journal of Critical Reviews 7.17 (2020), 3440-3444. Print. doi:10.31838/jcr.07.17.426



APA (American Psychological Association) Style

VAHID MAHMOUDI, EZATOLLAH ABBASIAN, SEYED MOJTABA MIRLOHI, OMID TAVAKOLI (2020) STUDY ON IRANíS FINANCIAL MARKET RESILIENCE AGAINST GLOBAL FINANCIAL CRISES. Journal of Critical Reviews, 7 (17), 3440-3444. doi:10.31838/jcr.07.17.426