Balli, Faruk; Basher, Syed Abul; Jean Louis, Rosmy - In: Journal of International Financial Markets, … 25 (2013) C, pp. 33-48
We examine the spillover effects of local and global shocks on Gulf Cooperation Council (GCC)-wide sector equity returns. We find the GCC-wide sector returns have asynchronous responses to global and regional shocks. Although the effects of these shocks differ in magnitude across individual...