Erdogan, Oral; Tata, Kenan; Karahasan, B. Can; Sengoz, … - In: International Review of Economics & Finance 25 (2013) C, pp. 282-290
This study demonstrates the existence of economically significant information spillovers between stock markets and markets for shipping freight by sea. Using multivariate correlation models on the returns of the Dow Jones Industrial Average (DJIA) and the Baltic Dry Index (BDI), we find mutual...