Abstract:Stock indices are key indicators of the economy since they indicate the strength of a country’s stock market. For this reason, causality, information flow and co-movement analysis of stock indices gain importance in comparing countries’ economies. Here, we apply a novel approach by analyzing the results of two different methodologies; in wavelet coherence (WTC) analysis, the co-movement between stock indices provided and coherent areas can be shown, and information flow is indicated for five-year periods, espe… Show more
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