The existing finance literature is inconclusive on the relations between exchange rate
movements and macroeconomic variables (see Aggarwal, 1981; Edison, 1991; Frenkel …

In this paper, we examine the short-term linkages among five leading stock markets with the
objective of evaluating the case for international portfolio diversification as well as the …

In the paper we test the impact of the Japanese stock market on two financial asset groups,
free and restricted shares, on the Finnish market in the early 90s. The causality is tested in …

We attempt to better understand the varying correlations between stock and bond returns
across countries and over sample periods using international data. The observation is that …

Today, an investor has an array of investment choices including the opportunities to
approach overseas market which were unavailable a few decades ago. In literature, the …

This paper investigates empirically the interrelationships between the daily stock market
returns of the Nikkei 225, DAX and Dow Jones Industrial index. In contrast to former work …

We study global equity market integration utilizing daily closing price data (January 2001-
January 2004) from five selected Exchange-Traded Funds (ETF). Standard & Poor's 500 …

This paper is an attempt to present a digest of European security returns. In this respect,
Table 7 summarizes key data over recent years. The table presents information for the …

The word" Globalization" is used widely to summarize a complex worldwide development; it
describes the growing number of interweaving dependencies—economic, political and …

When making decisions, investors who want to buy specific companies often pay attention to
the situation on the entire market or in a given industry. Therefore, the starting points are the …