Thesiss

The protracted Arab-Israeli conflict has adversely affected the economic, social, and political development in the Middle East. In spite of the centrality of political considerations, it is important to look at the potential for trade and other transactions between the countries…

This thesis explores various aspects of long memory behaviour in African stock markets (ASMs). First, we examine long memory in both equity returns and volatility using the weak-form version of the efficient market hypothesis (EMH) as a criterion. The results show that these mar…