Purpose - The purpose of this paper is to re-examine the relationship between real investment and stock prices for the USA for 1960-2005 in view of distinct economic regimes during the 40-year period. Design/methodology/approach - The paper employs simple models of investment, checks for...

This paper investigates the issue of whether financial market liberalization announcements in emerging economies have had any effects on the efficient operation of their equity markets. The issue is empirically examined in the case of Greece, and its emerging stock market, the Athens Stock...

The paper explores the implications for monetary policy from the greater integration of major capital markets since 1980 using long‐term interest rates. The empirical approach is the multivariate vector moving average GARCH model, which examines the nature of the spillover mechanism across...

Purpose – The purpose of this paper is to re‐examine the relationship between real investment and stock prices for the USA for 1960‐2005 in view of distinct economic regimes during the 40‐year period. Design/methodology/approach – The paper employs simple models of investment, checks...