International Linkage among MENA Financial Markets

International Financial Markets

This dissertation consists of two essays: one looks at the cross-country variations in volume-price variability relationship and cultural and other country factors, and the other looks at cause and effects of large one-day price changes in commodity futures. The first essay presented in Chapter 1 investigates the effect of cultural and other country factors on the dynamic relation between marke...

Investing in International Financial Markets

financial markets has a major impact on MNCs. First, this type of trading can influence the level of interest rates in a specific country (and therefore the cost of debt to an MNC) because it affects the amount of funds available there. Second, it can affect the price of an MNC’s stock (and therefore the cost of equity to an MNC) because it influences the demand for the MNC’s stock. Third, it e...

Modeling regional linkage of financial markets

With the development of globalization and regional economic integration, regional markets linked with a common currency emerge, in which investors from domestic market are allowed to trade in foreign markets. Empirical studies have evidenced extensively the existence of co-movement of asset prices or cross-correlation in market returns among these markets, especially in global event. However, t...

Dominance among financial markets

In this paper, we deal and evaluate the comparison problem among different financial markets using risk/variability measures consistent with investors’ preferences. First, we recall a recent classification of multivariate stochastic orderings consistent with preferences and we properly define the selection problem among different financial markets. Secondly, we propose an empirical financial ap...

Financial Depth – Financial Repression Linkage