In the paper we consider one of the faster growing Central European emerging markets: the Budapest Stock Exchange (BSE), in order to see whether the market becomes more weak-form efficient over time. The Hungarian exchange is selected because it is the oldest stock exchange operating in the...

Eastern Europe has been undergoing rapid structural change over the last 10 years and one of the most interesting and dramatic of these changes has involved the foundation of a number of new financial markets and the creation of a system of private ownership for industry almost from scratch....

In recent years, in many parts of England and France a mismatch between housing supply and demand has resulted in an increasing number of neighbourhoods experiencing problems of empty properties, depressed house prices and high stock turnover. This paper looks at the response of policy makers...

This paper examines the structural linkages that may exist between the G7 national interest rates. Its aim is to exploit some new techniques in cointegration analysis to see to what extent conclusions can be drawn purely from the data without imposing any arbitrary identification conditions....