A peculiar pattern is evident across the stock markets of different countries. In emerging markets, such as Peru and China, all the stocks in the country tend to rise and fall together in the course of ordinary trading. But in developed countries, such as Denmark and Canada, stocks move...

We compare the market reactions of developed and emerging market firms to reconstitutions of the FTSE Environmental Opportunities (FTSE EO) index. Our primary finding is that developed market firms that were added to or deleted from the FTSE EO experience significant increases in stock prices...

This study is the first attempt to investigate stock market returns and liquidity reactions to the announcements of fiscal, monetary, prudential and other COVID-19 policies in 64 countries during 2020. The results reveal generally that financial and economic policies announcements boosted stock...

This paper compares the unconventional monetary policy spillover effect in the FED and the ECB toward the asset price in the emerging market by using the Rigobon method and examing how different macro and financial can explain the heterogeneous impact of the international spillover effect. This...