The Federal Reserve’s Quantitative Easing (QE) policies have injected significant liquidity into financial markets. While a vast literature examines the implications of QE, its effect on the financial markets of small open economies is yet to be fully understood. This paper uses Australia as a...

This paper aims to investigate the extent of hedging and diversification opportunities available for an Australian investor who holds a portfolio consisting of Australian conventional and Islamic indices, crude oil, gold, Bitcoin, and the Australia-US exchange rate of daily data from 2011 to...

This study is the first attempt to investigate both the linear and non-linear Granger causality between wavelet transformed spot and futures oil prices. Our findings consistently indicate bidirectional causality between the spot and futures oil markets at different time scales, under linear and...