In spite of popularity and theoretical simplicity of the one-factor CAPM used in the valuation of financial assets, more attention is now made to the important extension proposed by Fama and French [1993] rising the Three-Factor Pricing Model (TFPM). Alongside beta, average stock returns could...

Since few decades, a wide theoretical debate is concerned with the fundamental relationship between financial development and economic growth as well as the separate impact of banks on growth and financial markets on growth. Recent studies shed some light on the simultaneous effect of banks and...

In order to investigate the impact of financial market liberalization on economic growth in the MENA region, we need to replace our contribution in the economic growth literature. Our study is related to the literature on policy impacting growth rather than the debate on quot;convergencequot;...

Relatively little empirical evidence is available that estimates the relationship between asset price movements and monetary policy measures. This paper, which is the first study that focus on the linkage between monetary policy and stock market prices, aims at analyzing the interaction between...

This study gives some issues concerning the relationship between inflation and the financial sector performances for some MENA region countries. The negative association is confirmed through the estimation of a dynamic panel model using the GMM methodology. On the other hand, a threshold effect...

This paper examines the impact of privatization on stock market size and liquidity in a multinational sample of 31 emerging markets. We find that the intensity of privatization and the use of privatization offerings (POs) on the stock market contribute to enhance stock market development, but...

[ger] Mikroökonometrische Analyse der Nachfrage nach stâdtischen Verkehrsleistungen in Tunis, . von Samir Ghazouani und Mohamed Goaïed.. . Dieser Artikel enthält eine Analyse der Nachfrage nach städtischen Verkehrsleistungen in Tunis. Hierbei wird auf die Modelle der diskreten Auswahl...

Purpose -The purpose of this study is to investigate the role of stock markets in economic growth and to shed some light on the macroeconomic determinants which must have an important influence on stock markets development. Design/methodology/approach -The empirical study is conducted using an...

This study gives some issues regarding the relationship between inflation and the financial sector performance for some MENA region countries. The negative association is confirmed through the estimation of a dynamic panel model using the GMM methodology. Moreover, a threshold effect must be...