The Volatility Transmissions Between the Stock Exchange Indices in Turkey and the Major Financial Centers

Volatility Transmissions between the stock exchanges is an important issue for the investors because if they want to decrease the volatility of their portfolios on a global scale, they have to be able to find stock exchanges which do not co-move so strongly and positively. That is a simple result of the modern portfolio theory known as the diversification. A well diversified portfolio should include assets that are not perfectly positively correlated with each other. In the link below is one of the latest papers of mine in which I questioned the volatility transmissions between the leading stock exchange indices in Turkey and the major financial centers. Since it is a very short paper, i am not telling the conclusions upfront... See it yourself at http://www.rassweb.com/wp-content/uploads/PDF/IJEF/Vol-1/Issue-2/IJEF-Issue2-Paper%202.pdf

Chile swings left (From FT European Edition, Nov.2013)

"It is not because the economy has done badly under the out-going centre-right government of Sebastián Piñera. Unemployment is at record lows, poverty has continued to fall and productivity has risen after years of decline. Nor, in a sign of Chile's institutional maturity, has the political shift been accompanied by the hysteria that so often accompanied opposition wins in Latin American politics. Rather, it reflects a widespread desire in Chile for greater social equality amid the economic boom. That is quite understandable given that Chile is the most unequal member of the OECD."