@workingpaper{Asongu2011bs,
title = {Political Crises and Risk of Financial Contagion in Developing Countries: Evidence from Africa},
author = {Simplice A Asongu},
editor = {African 2011 Governance and Development Institute WP/11/003},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Political-crises-in-Africa-and-risk-of-financial-contagion.pdf},
year = {2011},
date = {2011-04-01},
abstract = {The recent waves of political crises in Africa and the Middle East have inspired the debate
over how political instability could pose a risk of financial contagion to emerging countries.
With retrospect to the Kenyan political crisis, our findings suggest stock markets in Lebanon,
Mauritius were contaminated while Nigeria experienced a positive spillover. Our results have
two major implications. Firstly, we have confirmed existing consensus that African financial
markets are increasingly integrated. Secondly, we have also shown that international financial
market transmissions not only occur during financial crisis; political crises effects should not
be undermined.},
keywords = {Political crisis; Contagion; Developing countries; Equity Markets},
pubstate = {published},
tppubtype = {workingpaper}
}