Todorov, Galin; Bidarkota, Prasad - In: International Journal of Economics and Business Research 5 (2013) 4, pp. 433-452
We explore the degree to which stock index returns and conditional volatility of 21 frontier markets were affected by fluctuations on the US stock market between December 1st 2005 and January 15th 2010. We find weak, positive return spillovers from the USA to 17 frontier markets. For four...