Comovement across BRICS and the US Stock Markets: A Multitime Scale Wavelet Analysis

Has there been any change in the comovement between the Chinese and US stock markets?

Article history: Received 29 February 2012 Received in revised form 31 July 2013 Accepted 5 August 2013 Available online 20 August 2013 This paper examines the comovement between the Chinese and US stock markets over the period between January 4, 2000 and January 13, 2012. We show that there is no cointegration relationship between the two markets, even when allowing for structural change. Thei...

a comparative pragmatic analysis of the speech act of “disagreement” across english and persian

the speech act of disagreement has been one of the speech acts that has received the least attention in the field of pragmatics. this study investigates the ways power relations, social distance, formality of the context, gender, and language proficiency (for efl learners) influence disagreement and politeness strategies. the participants of the study were 200 male and female native persian s...

Comovement of Central European stock markets using wavelet coherence: Evidence from high-frequency data

The Comovement of Stock Prices

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The Excess Comovement of International Stock Markets in Bad Times: A Rational Expectations Equilibrium Model

We present an intertemporal, rational expectations equilibrium model where the cross-sectional covariances and correlations of international market returns increase during bad times, as a consequence of an endogenous increase in the “uncertainty” about the global economy. We assume that the drift rates of the fundamental processes of international economies are jointly affected by an unobservab...