The purpose of this paper is to test the impact of oil price shocks on the stock markets of the two biggest and most liquid GCC equity markets, those of Kuwait and Saudi Arabia. It is expected that the two stock markets react similarly to oil price shocks. Actually the results show heterogeneity...

The purpose of this paper is to reconsider the empirical evidence on the relation between inflation, inflation uncertainty, and stock returns. Two unprecedented proxies for inflation uncertainty are used. First, the power of inflation and inflation uncertainty to explain stock returns is...

The purpose of this paper is to test whether the Lebanese foreign exchange rate market is weak form efficient by studying the stochastic behavior of six foreign currencies against the Lebanese pound on a daily basis. Efficiency requires that the data meet more than one condition. The first...