The global financial crisis of 2008/09 illustrates how financial turmoil in advanced economies triggered severe financial stress in emerging markets. Previous studies showed the conditions and linkages through which financial stress is transmitted from advanced to emerging markets. This paper...

Indices are a crucial part of the global investment business. The main objective of the study is to determine the impact of COVID-19 on stock indices to analysefinancial markets' response. The study applied a log-log simple regression model to analysethe effects of COVID-19 on stock indices by...

Stability in supply of commodities is essential for manufacturing and doing business. This fact is unchangeable despite the passage of time and only the ways of trading of commodities differ. Especially in recent decades, the global economy has changed significantly and one of the major factors...

The goal of this paper is to examine the impact of 1975 Congressional mandate to integrate the trading of NYSE-listed stocks.

The market value of corporate stock in the United States increased by nearly one trillion dollars between December 1994 and July 1995. This paper explores the distribution of the stock ownership, and hence the gains from the stock price rise, and what the rise in stock prices implies for...

This paper models the value of "embedded" options in foreign bonds, using stochastic calculus, by assuming that the exchange rate follows a geometric Brownian motion process and the arrival time of an early redemption of the bond by the issuer conforms to a negative exponential distribution. The...

There is much evidence in the literature that the volatility of asset returns, in particular those from stock markets, show evidence of an asymmetric response to good and bad news. This paper considers the impact of news on time varying hedges for financial futures. The models are compared with...