The main purpose of this paper is to extend the empirical research on the behavior of credit spreads on the USD denominated Malaysian bonds. We find that international political events have more influence on the changes of bond yield spreads from Malaysian USD issues than domestic events....

This paper investigates two important relationships in Latin American Eurobond markets: the determinants of credit spread changes using structural model and macroeconomic determinants and the underlying equilibrium dynamics when there is a default episode. We find four significant determinants...

This paper examines the behaviour of credit spreads on key sovereign issuers from the Latin American region, which accounts for more than one third of international bond issues by developing, or emerging, markets. Since the late 1990s, credit spreads on Latin American issues have declined...

In 2010, the CBN announced a fixed tenure policy for bank CEOs in Nigeria. To contribute to the understanding of the (in)appropriateness of this policy, this study analyzes the link between CEO tenure and bank efficiency in Nigeria. Using a balanced data set comprising 160 observations of 32...

In an earlier paper, we adopted a bi-variate BEKK-GARCH framework and employed a systematic approach to examine structural breaks in the Hang Seng Index and Index Futures market volatility. Switching dummy variables were included and tested in the variance equations to check for any structural...

This paper uncovers the common stochastic trends that are present in the US dollar denominated sovereign Eurobonds issued by major Latin American economies in international markets. We employ Johansen's and a modified three step procedure, which can account for common volatility effects, to...

What has been undertaken in this research is a careful sampling of CFTC Samp;P500 futures trade records into the 15 minute required reporting intervals for the period January 1994 to June 2004. Accumulated volume of trade open, close, high and low prices are extracted for market trade and also...