This paper will examine the volatility of markets returns, dynamic conditional covariance and dynamic conditional correlation between the equity markets of developed countries (US and UK), the equity markets of developing countries in the Gulf Cooperation Council (GCC) - Kuwait, Oman, Qatar,...

In general, a financial centre can be defined as ‘a place in which there is a high concentration of financial institutions and financial markets performing activities which are internationally recognised for their efficacy, efficiency, and legal standing.Australia's financial sector relative...