In this study, we examine an empirical relationship between stock market volatility with the exchange rate and gold prices of an emerging market, "Pakistan", employing daily and monthly data (PSX-100 Index) covering from 2001: Q3 to 2018: Q2. The study explains the average stock returns by...

This paper examines the impact of high inflation on stock market returns in Pakistan. For this purpose, a monthly data of inflation and stock returns is collected from 2005-2009. A simple linear regression model is applied to determine the impact of inflation on stock returns. The results show...

This study investigates the hedge and safe-haven properties of precious metals for African stock markets and report a strong safe-haven and hedging potential of precious metals for African stock markets with gold showing a consistent display of these features from the GARCH model. Results from...