Crude oil price series are nonlinear and highly volatile, making it difficult to obtain satisfactory performance for traditional statistical-based forecasting methods. To improve prediction accuracy, this study proposes a novel learning paradigm by integrating the trajectory similarity method...

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...