Darrat, Ali F.; Benkato, Omar M. - In: Journal of Business Finance & Accounting 30 (2003-09), pp. 1089-1114
This paper analyzes stock returns and volatility relations between the Istanbul Stock Exchange (ISE) and the global market as represented by stock markets in the US, the UK, Japan and Germany. Results from monthly data and multivariate cointegration tests suggest that the ISE became...