This paper investigates the determinants of credit spreads (levels and changes) via credit derivatives, using an Australian sample. We incorporate a number of different relationships to assess the contributions of various market-wide and firm-specific factors in determining levels, and changes...

This paper examines whether foreign direct investment between countries fosters stock market integration. Empirical tests demonstrate that both the flow and the level of bilateral foreign direct investment between countries explain country-pair stock market integration. More specifically, higher...

This paper provides an exhaustive analysis of the key factors that led to rising global energy demand, based on an OECD sample and a non-OECD sample over the period of 1980-2009. In addition to income and price elasticities traditionally examined, this research takes into account the effects of...