This study investigates the link between price discovery dynamics in sovereign credit default swaps (CDS) and bond markets and degree of financial integration of emerging markets. Using CDS and sovereign bond spreads, the price discovery mechanism was tested using a vector error correction...

We model two regimes using threshold cointegration and threshold vector error correction model for sovereign CDS and equity markets of thirteen emerging markets. We document evidence of momentum in cointegration relationships in CDS and equity markets of all countries. We find that positive and...

This paper expounds the developmental status and characteristics of leisure agriculture, as well as the inevitability of the developmental upsurge. It also analyzes the problems brought by over-heated development of leisure agriculture. And the countermeasures adopted by government and related...