This paper investigates the role of macroeconomic factors in explaining returns on the Stock Exchange of Thailand (SET). The study employs monthly data from January 1990 to December 2008; the analysis is based on the SET Index and sectors index returns rather than the returns of single stocks....

This paper examines the long and short-run relationships between three Central European Economies stock returns (Poland, Hungary and Czech Republic) and their main western economic and trading partner, which is Germany. We obtain evidence of links between macroeconomic variables and stock...