Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of … Taiwan. The foundation of the TCI is the Financial Conditions Index (FCI), which is derived from the Monetary Conditions … Index (MCI). The empirical findings show that TCI weighted by spillovers reveal greater significance in forecasting the …

The paper uses monthly data on financial stock index returns, tourism stock sub-index returns, effective exchange rate … constructing a tourism financial indicator, namely the Tourism Financial Conditions Index (TFCI). The TFCI is an adaptation and … extension of the widely-used Monetary Conditions Index (MCI) and Financial Conditions Index (FCI) to tourism stock data. However …

Conditions Index (TFCI). The TFCI is an adaptation and extension of the widely-used Monetary Conditions Index (MCI) and Financial … Conditions Index (FCI) to tourism stock data. However, the method of calculation of the TFCI is different from existing methods … statistically significant using the estimated conditional mean of the tourism stock index returns (RTS). Granger Causality tests …

theintertemporal relationship between stock index returns and theirvolatility for the United Kingdom, United States andJapan. This …

-of-sample, for daily returns on the Standard & Poor's100 index. Similar studies have been undertaken with GARCH models where …

index series for which trading data (tick by tick) of almost seven years is analysed. The forecast assessment is based on …