Arin, Kerim Peren; Caporale, Guglielmo Maria; Kyriacou, … - 2019
This paper examines financial spillovers between the four largest equity markets (by market capitalization) in the GCC … of a federal union matters more than market size in terms of financial integration. Our results suggest that the latter … in the volatility, from the largest market of Saudi Arabia to Qatar and the two markets in the UAE, which confirms that …