Diagnosis and prediction of iigps countries bubble crashes during brexit
- Title
- Diagnosis and prediction of iigps countries bubble crashes during brexit
- Creator
- Ghosh B.; Papathanasiou S.; Ramchandani N.; Kenourgios D.
- Description
- We herein employ an alternative approach to model the financial bubbles prior to crashes and fit a log-periodic power law (LPPL) to IIGPS countries (Italy, Ireland, Greece, Portugal, and Spain) during Brexit. These countries represent the five financially troubled economies of the Eurozone that have suffered the most during the Brexit referendum. It was found that all 77 crashes across the five IIGPS nations from 19 January 2015 until 17 February 2020 strictly followed a log-periodic power law or other LPPL signature. They all had a speculative bubble phase (following the power law growth) that was then followed by a sudden crash immediately after reaching a critical point. Furthermore, their pattern coefficients were similar as well. This study would surely assist policymakers around the Eurozone to predict future crashes with the help of these parameters. 2021 by the authors. Licensee MDPI, Basel, Switzerland.
- Source
- Mathematics, Vol-9, No. 9
- Date
- 2021-01-01
- Publisher
- MDPI AG
- Subject
- Financial bubbles; IIGPS countries; Log-periodic power law; Market crashes
- Coverage
- Ghosh B., RV Institute of Management, Bangalore, 560041, India; Papathanasiou S., Department of Economics School of Economics and Political Sciences, National and Kapodistrian University of Athens Greece, Athens, 10679, Greece; Ramchandani N., Christ University, Bangalore, 560029, India; Kenourgios D., Department of Economics School of Economics and Political Sciences, National and Kapodistrian University of Athens Greece, Athens, 10679, Greece
- Rights
- All Open Access; Gold Open Access
- Relation
- ISSN: 22277390
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Ghosh B.; Papathanasiou S.; Ramchandani N.; Kenourgios D., “Diagnosis and prediction of iigps countries bubble crashes during brexit,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 27, 2025, https://archives.christuniversity.in/items/show/15804.