期刊名称：International Journal of Business Research and Management (IJBRM)
电子版ISSN：2180-2165
出版年度：2021
卷号：12
期号：3
页码：89-102
语种：English
出版社：Computer Science Journals
摘要：In recent years, economic globalization and technological development have contributed to a substantial rise in the integration of financial markets. Research findings in this area have indicated that a financial shock in one market can easily be transmitted to other markets globally. Especially, recent experiences showed that financial markets of some developing economies may even be more vulnerable to financial shocks than the emerging markets. There are several reasons, such as current account deficits, instability of local currencies, weaker financial institutions, for this situation. Contrary to the popular perception, this may be due to the lack of knowledge and prejudices of international investors about some emerging markets. This study evaluates and compares the financial soundness of 18 countries selected on the basis of the “Fragile Five” countries. The soundness of the financial structures of these countries has been evaluated based on the soundness of their financial institutions. The findings indicate that the countries with the weakest performance in the selected period are not the “Fragile Five” countries when compared with the countries in the whole sample.
关键词：Financial Fragility;Soundness of Financial Institutions;TOPSIS Method;Financial Crises;Fragile Five Countries
