Plans are far advanced to form a second monetary union, the West African Monetary Zone (WAMZ), in Africa. While much attention is being placed on convergence criteria and preparedness of the five aspiring member states, less attention is being placed on how the dynamics of inflation in...

This study investigates both the symmetric and asymmetric exchange rate exposures of Chinese financial firms in the context of an accelerated pace of RMB internationalisation. We find that an increasing number of Chinese financial firms are exposed to negative symmetric effects from the change...

This article focuses on the effect of the Covid-19 pandemic on tourism in several African countries located in Eastern and Southern Africa, focusing on five, namely, Burundi, Eswatini, Kenya, Mauritius and Seychelles which are important tourism destinations in Africa. For this purpose,...

This paper examines persistence in the Ukrainian stock market during the recent financial crisis. Using two different long memory approaches (R/S analysis and fractional integration) we show that this market is inefficient and the degree of persistence is not the same in different stages of the...

This paper uses four ADF-type unit root tests and four KPSS-type stationarity tests to examine whether the gender unemployment gap would converge to zero in Africa. Among these different tests, the two most restricted models, namely the ADF test and the KPSS test, indicate no convergence in the...

This paper deals with the analysis of inflation in financial returns by using model-free connectedness framework which includes investigating persistence in the series and data from 22 countries from April 1958 to November 2023 which are grouped into highly, medium and lowly correlated returns....

In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...

The Infant Mortality Rates in 34 sub-Saharan countries are examined in this paper by means of focusing on the degree of persistence and non-linearities. The results indicate that half of the countries examined display non-linearities and the orders of integration are extremely large in all...

This paper investigates BRIC markets’ integration and segmentation between REITs and stock indices, and the possibility of establishing “wealth” and “credit” effects. The analysis of the relationship is based on updated techniques in time series using the concepts of fractional...

The BRICS market represents high growth economies. This paper empirically examines the long-run equilibrium as well as the short-run linkages between the BRICS REIT markets and the REIT markets in developed countries (United States, Australia and the United Kingdom). We employ fractional...