We review the international finance literature to assess the extent to which international
factors affect financial asset demands and prices. International asset-pricing models with …

Hundreds of papers and factors attempt to explain the cross-section of expected returns.
Given this extensive data mining, it does not make sense to use the usual criteria for …

The impact that oil-market shocks have on stock prices in oil exporting countries has
implications for both domestic and international investors. We derive the shocks driving oil …

The influence of oil price disturbances and geopolitical risk on stock returns and volatility
has been investigated by many scholars in different settings, though few of these have …

This paper reviews the recent literature on equity home bias-the empirical finding that
people over invest in domestic stocks relative to the theoretically optimal investment …

While two different streams of literature exist investigating 1) the relationship between oil
prices and emerging market stock prices and 2) the relationship between oil prices and …

We propose a measure of capital market integration arising from a conditional regime‐
switching model. Our measure allows us to describe expected returns in countries that are …

The emergence of new equity markets in Europe, Latin America, Asia, the Mideast and
Africa provides a new menu of opportunities for investors. These markets exhibit high …

The purpose of this paper is to contribute to the literature on stock markets and energy prices
by studying the impact of oil price changes on a large set of emerging stock market returns …

This article proposes a new approach to evaluate contagion in financial markets. Our
measure of contagion captures the coincidence of extreme return shocks across countries …