Optimum currency area (OCA) theory attempts to define the geographical region in which it would maximize economic efficiency to have a single currency. In this paper, the focus is on prospective and current members of the Economic and Monetary Union. For this task, a self-organizing neural...

The goal of this paper is to investigate the relationship between stock and real estate markets via wavelet analysis. Based on wavelet transform, stock price index and REITs index are firstly decomposed into “volatility componentsâ€, that is, the wavelet coefficients. Secondly, we test...

The goal of this paper is to investigate the relationship between stock and real estate markets via wavelet analysis. Based on wavelet transform, stock price index and REITs index are firstly decomposed into “volatility components”, that is, the wavelet coefficients. Secondly, we test the...