This paper presents evidence of linkages across equity markets in the following transition economies: Russia, Ukraine, Poland and Czech Republic from beginning of January 2005 till the end of December 2014. We apply a multivariate asymmetric EGARCH model. Empirical results indicate significant...

This paper presents evidence of equity market linkages in the following transition economies: Russia, Ukraine, Poland and Czech Republic from beginning of January 2005 till the end of December 2014. I apply a multivariate asymmetric EGARCH model. Empirical results indicate significant return and...

I study the effect of partisan politics on stock returns in Latin America. There is a negative market reaction when left-wing parties win presidential elections. However, the observed democratic premium in the U.S. is not observed. Firms have higher returns when the president is from a Centrist...