This paper investigates the predictability of asset prices among developed and emerging markets. Weekly and monthly stock market indices from developed and emerging market economies are analysed to check the validity of weak-form of Efficient Market Hypothesis (EMH) using various empirical...

The main goal of every government in the country is to promote economic and social development. The fulfillment of this goal depends on the availability of sufficient amount of central government revenue. Unfortunately, in developing countries, the collection of revenue is far below than...

Major moves in Colombia's stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country's institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts with prior work reporting no news on major market moves in the US, a country...

In this paper, we investigate the "static and dynamic" return and volatility spillovers’ transmission across developed and developing countries. Quoted against the US dollar, we study twenty-three global currencies over the time period 2005-2016. Focusing on the spillover index methodology,...