This study examines financial integration among four emerging stock markets in the Middle East and North African (MENA) region. The study also examines the integration between these markets and developed markets represented by the US, UK and Germany. The study utilizes the newly proposed...

The financial crisis and the debt crisis in Europe have led to pronounced swings in the $/€ exchange rate. The influence of this exchange rate uncertainty on exports is neither theoretically nor empirically unambiguous. This investigation will try to determine what effect such exchange rate...

Global oil price shock waves and continuous trade imbalance have raised serious alarms among the policy makers around the world, because of its aggressive impacts for the net oil‐importing economies. The objective of this study is to investigate the impact of rising oil prices on the trade...

This paper attempts to establish a long-run as well as causal relationship between economic growth and carbon dioxide (CO2) emissions for Malaysia. Using data for the years from 1980 to 2009, the Environmental Kuznets Curve (EKC) hypothesis was tested utilizing the Auto Regressive Distributed...

Our study investigates whether trade openness and financial openness have significant impact on financial development using time series data on Turkey for the 1989:1-2007:2 periods. We also investigate Rajan and Zingales (2003) hypothesis that both trade and capital accounts should be...

The present paper examines the dynamic effects of volatility spillovers and dominant role (the second-moment) of the US, Japan and Hong Kong in the East Asian equity markets. To evaluate the recent September 11 (911) impact, two sub periods – before and after the tragedy, are being considered...