In recent years, the globalization of financial asset markets has become increasingly important and has led to closer linkages among these markets. New global investment instruments such as sovereign credit default swaps, exchange traded funds, and bond markets have been created, enabling...

Hong, Torous, and Valkanov (2007) report that a number of U.S. industry returns can forecast the stock market using monthly data. Reexamining their results with an extended period, 1946-2013, and data, 48 industries, I find that only one to seven industries have significant predictive ability...

This volume contributes to a fresh perspective on the economic and finance research on international financial markets and also the commodity markets by examining various factors that affect information transmission and pricing relation in the spot and derivatives markets in the United States...