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Does long-run purchasing power parity hold in Eastern and Southern African countries? Evidence from panel data stationary tests with multiple structural breaks
This study tests for the long-run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970-2007. This assumption is considered both in its traditional v...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

Information technology and its impact on stock returns and trading volume
This study investigates the impact of information technology on common stock returns and trading volume. By focusing mainly on the peak period of the hi-tech phenomenon, the findings imply that the market response to website launching is positive. During t...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

Stock return predictability and dividend-price ratio: a nonlinear approach
This paper examines the forecasting ability of the dividend-price ratio for international stock market returns. Hitherto, existing research has only considered this issue in sample and in a linear framework. Hence, this paper provides the first systematic ...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

G20 ministers agree stimulus still needed
But no consensus on British plan for tax on financial transactions to fund future bailouts
The Globe and Mail Sat, 7 Nov 2009 14:15 -0500

Stocks and Bonds: Seeing the Glass Half Full Despite the Day's Reports
The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.
International Herald Tribune Sat, 07 Nov 2009 08:18:59 GMT