The focus of this study is to assess the determinants of daily bid-ask spread. Following Ng (2007), the study uses an effective spread rather than a quoted one. Ng, argues that an effective spread is based on the deviation between trade price (true price) of the transaction. First, a daily...

This paper analyzes the performance of Mauritian mutual funds by initially investigating the performance of the mutual funds on a risk-adjusted basis and then on an individual basis with respect to their respective benchmark performances. The results show that the rankings obtained by applying...

The Common Market for Eastern and Southern Africa (COMESA) launched its free trade area (FTA) on 31 October 2000 and is in the process of forming a custom union. A Common External Tariff (CET) with respect to all goods imported into the member states from third countries shall be established and...