Ajmi, Ahdi Noomen; Montasser, Ghassen El; Hammoudeh, Shawkat - Institut de Préparation à l'Administration et à la … - 2014
This article investigates the potential of nonlinear causal relationships between world oil prices and stock markets in MENA countries during a black swan period that is characterized by rarity and devastating impacts. By using the nonlinear and asymmetric causality test of Kyrtsou and Labys...