This paper provides an early warning indicator for bubbles in financial markets. The indicator is based on traditional unit root tests, more precisely on the augmented Dickey-Fuller test and may be used in a repeated manner with rolling samples. The performance of the indicator is tested...

This paper aims to investigate and compare two stock market crashes in Bangladesh and suggest policy measure to prevent such collapses in the future. In doing so, it was found that the crashes have certain similarities between them in numerous aspects. Finally, policy measures such as building...

The existing literature has explained the causality flow from the exchange rates toward the stock market without explaining the role of the economic crisis in effecting this nexus. This study examines the role of the financial crisis in affecting the nonlinear causality flowing from the exchange...