Crisis 2008 Versus Crisis 2011 : Alike and Unlike : the Behavior of Investors Based on Volatility Indices Analysis

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Published:
Oct 23, 2012
Issue
No. 99 (2012)
Section
Artykuły
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Tomasz Wiśniewski
Giełda Papierów Wartościowych w Warszawie

DOI: https://doi.org/10.22630/EIOGZ.2012.99.111
Keywords : Financial crisis; Mortgage credit; Banking sector; Eurozone
Abstract
Between September 2008 and August 2011 by the major stock exchanges worldwide swept two deep waves decreases the value of the shares. However, the source decreases the value of shares in each of these cases were different. In the 2008 crisis had its origins in the United States and was associated with a decrease confidence in the banking sector, while in 2011 the source of the crisis were the most indebted countries in trouble the eurozone and the impact of these developments on the economies of other countries in Europe and the world. An analysis of selected stock market indices and their characteristics indicate that these events had a significant influence on the behavior of investors in the capital market. The results of analysis were conducted based on changes in volatility indices and relations between the indices representing the selected markets (the United States, Germany and Poland).

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How to Cite
Wiśniewski, T. (2012). Crisis 2008 Versus Crisis 2011 : Alike and Unlike : the Behavior of Investors Based on Volatility Indices Analysis. Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (99), 509–520. https://doi.org/10.22630/EIOGZ.2012.99.111
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