Capital market remains an effective channel of financial intermediation. However, it has been underperforming in developing economies and thus resulting in the attendant illiquidity and other inefficiencies. This study examined the response of All-Share Index (ASI) to external financial flows...

There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural vector autoregressions on the grounds that the uniform prior over the set of orthogonal matrices could be nonuniform for individual impulse responses or other quantity of...

We investigate if green bonds can act as a safe-haven asset for equity investors by analysing their relationship with stocks and other alternative safe havens, namely sovereign bonds and gold. Safe havens are defined as assets that exhibit zero or negative comovement with equity during a stock...

The influence of various macroeconomic policy instruments on economic growth has received growing attention. This study aimed to investigate the macroeconomic factors affecting economic growth in Ethiopia using multivariate time series models, specifically VAR and vector error correction model...