Cheikh, Nidhaleddine Ben; Ben Naceur, Samy; Kanaan, … - 2018
Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear … markets do not have similar sensitivities to oil price changes. We document the presence of stock market returns' asymmetric … reactions in some GCC countries, but not for others. In Kuwait’s case, negative oil price changes exert larger impacts on stock …