1.[1-15]Study of BRIC countries in the Financial turnmoil

International Affairs and Global Strategy www. iiste. org ISSN 2224-574X (Paper) ISSN 2224-8951 (Online) Vol 1, 2011 1 | P a g e www. iiste. org Study of BRIC countries in the financial turmoil Shashi Gupta ITM University, Gurgaon Sector 23A, PIN: 122017... More

International Affairs and Global Strategy www. iiste. org ISSN 2224-574X (Paper) ISSN 2224-8951 (Online) Vol 1, 2011 1 | P a g e www. iiste. org Study of BRIC countries in the financial turmoil Shashi Gupta ITM University, Gurgaon Sector 23A, PIN: 122017 Haryana, India Email: shashigupta@itmindia. edu, shashigupta085@gmail. com Abstract: This paper analyzes the dynamic relationship among the emerging countries specially BRIC countries in condition of financial turmoil. The time span from the year 2008 till now seemed to be full of financial tantrum – Sub Prime Crisis, US debt Crisis and European debt crisis. This financial ups and down seemed to have embraced BRIC countries as well. In this paper I attempted to quantify the interrelationship between these promising countries. Popular Indices of BRIC countries have taken as the proxy of their Stock market. In this paper I have taken IBOV, RTS Index, S&P Nifty, SCI (Shanghai Composite index) as the proxy for the stock market of BRIC Less