{"id":9459,"date":"2025-01-21T15:54:48","date_gmt":"2025-01-21T13:54:48","guid":{"rendered":"https:\/\/anale.steconomiceuoradea.ro\/en\/?p=9459"},"modified":"2025-01-21T15:55:22","modified_gmt":"2025-01-21T13:55:22","slug":"non-uniform-interconnectedness-patterns-and-dynamics-evidence-from-emerging-stock-markets","status":"publish","type":"post","link":"https:\/\/anale.steconomiceuoradea.ro\/en\/2025\/01\/21\/non-uniform-interconnectedness-patterns-and-dynamics-evidence-from-emerging-stock-markets\/","title":{"rendered":"NON-UNIFORM INTERCONNECTEDNESS PATTERNS AND DYNAMICS: EVIDENCE FROM EMERGING STOCK MARKETS"},"content":{"rendered":"<h2><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\">Anca-Adriana SARAOLU (ION\u0102\u0218CU\u021aI)&nbsp;<\/span><\/h2>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\"><em>Doctoral School of Economics and Business Administration, West University of Timi\u015foara, Timi\u015foara, Romania <\/em><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\"><a href=\"mailto:anca.ionascuti96@gmail.com\"><em>anca.ionascuti96@gmail.com<\/em><\/a><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\"><strong>Abstract<\/strong>: <em>In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging stock markets. The methodology employed is the \u201cWavelet Local Multiple Correlation\u201d as it allowed to introduce the dominance feature and to capture the time-varying shifts in correlations, as well as the non-uniform frequencies over time. The study involves five emerging markets worldwide for a long-time span from 2005 to 2024. The results report considerable variations within the correlation pattern, at different frequencies over time. Therefore, the findings display considerable evidence of interconnectedness and temporal dependence among the emerging stock markets. <\/em><\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\"><em>&nbsp;<\/em><strong>Keywords<\/strong>: emerging stock markets, interconnectedness, temporal dependence, Wavelet Local Multiple Correlation (WLMC)<\/span><\/p>\n<p><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\"><strong>JEL classification<\/strong>: F65, G11, G15<\/span><\/p>\n<p><a href=\"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-content\/uploads\/2025\/01\/AUOES.December.2024.14.pdf\"><span style=\"font-family: 'times new roman', times, serif; font-size: 12pt;\">DOWNLOAD ARTICLE<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anca-Adriana SARAOLU (ION\u0102\u0218CU\u021aI)&nbsp; Doctoral School of Economics and Business Administration, West University of Timi\u015foara, Timi\u015foara, Romania anca.ionascuti96@gmail.com Abstract: In the last decades, past financial crises have proved that financial markets worldwide are interconnected, however the subject was scarcely analysed from the viewpoint of financial stock markets. Therefore, the paper aims to analyse interconnectedness between emerging [&hellip;]<\/p>\n","protected":false},"author":123465,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[15],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3c4cf-2sz","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/posts\/9459"}],"collection":[{"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/users\/123465"}],"replies":[{"embeddable":true,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/comments?post=9459"}],"version-history":[{"count":2,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/posts\/9459\/revisions"}],"predecessor-version":[{"id":9466,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/posts\/9459\/revisions\/9466"}],"wp:attachment":[{"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/media?parent=9459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/categories?post=9459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anale.steconomiceuoradea.ro\/en\/wp-json\/wp\/v2\/tags?post=9459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}