The interrelationship between international stock markets has been a key study area among the financial market researchers for international portfolio management and risk measurement. The characteristics of security returns and their dynamics play a vital role in the financial market theory. This study is an attempt to find out the dynamic linkages among the equity market of USA and emerging ma...

Free AccessImportant Keywordshttps://doi.org/10.14220/9783737013444.259SectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail About Previous chapter Next FiguresReferencesRelatedDetails Download book coverOsnabrücker Studien zur Jüdischen und Christlichen Bibel.Volume 8 1st editionISBN: 978-3-8471-1344-7 eISBN: 978-3-7370-1344-4Hi...

While correlation measures are used to discern statistical relationships between observed variables in almost all branches of datadriven scientific inquiry, what we are really interested in is the existence of causal dependence. Statistical tests for causality, it turns out, are significantly harder to construct; the difficulty stemming from both philosophical hurdles in making precise the noti...

This paper addresses the problem of inferring circulation of information between multiple stochastic processes. We discuss two possible frameworks in which the problem can be studied: directed information theory and Granger causality. The main goal of the paper is to study the connection between these two frameworks. In the case of directed information theory, we stress the importance of Kramer...

We evaluate the one-loop fermion self-energy for the gauged Thirring model in (2 + 1) dimensions, with one massive fermion flavor, in the framework of the causal perturbation theory. In contrast to QED3, the corresponding two-point function turns out to be infrared finite on the mass shell. Then, by means of a Ward identity, we derive the on-shell vertex correction and discuss the role played b...

This paper investigates the relationship between exports and economic growth in the three of the largest exporting countries in the world, such as European Union, United States of America and Japan. For this purpose we have used Granger causality analysis based on error correction model. The results of this paper suggested that exports have a causal effect on the development process for the cou...