We examine short-run patterns in government bond returns after market-moving events. Our sample covers government bond series from 17 developed countries. We find that abnormal returns follow momentum for about two weeks following an event and then reverse for a period of up to 60 days after the...

In this paper, we empirically investigate the relationship between equity and credit market development and economic growth, in a sample of five very important 'emerging' markets. In particular, we employ a multivariate time-series methodology to test for long-run trends and causality between...

This paper empirically investigates the relationship between equity and credit market development and economic growth, in a sample of five very important 'emerging' markets. In particular, employing a multivariate time-series methodology to test for long-run trends and causality between...

This study empirically investigates whether stock market volatility increased following financial liberalization, in six 'emerging' markets. The sample countries are Argentina, India, Pakistan, Philippines, South Korea and Taiwan. To examine the issue, the news impact curves are utilized which...