Efficient market stated that stock's return is indifferent in each trading day. But, the calendar effects phenomenon made a different return in each single day in a week or month. This is an abnormal return which can affect investor in deciding investment strategy, portfolio selection, and...

Financial development has received considerable attention in past literature. This study brings to light financial deepening in an all new angle by introducing banking sector controls as its possible determinants and that, to be considered for the Mauritian experience. A VECM is initially...

An overwhelming amount of research has shown that financial development fosters economic growth and thus this paper aims to identify the major determinants of financial development. This study investigates the determinants of financial development using a time series analysis for the period...