In this paper the authors have investigated the response of exports in Morocco to exchange-rate volatility using the recently developed cointegration and error-correction techniques. In measuring volatility, many previous studies have used a moving-average standard-deviation. The authors argue...

This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...