Cover; Title page; Copyright page; Contents; List of Contributors; About the Editors; About the Contributors; Acknowledgment; Section A -- Africa; Chapter 1 -- Testing for the Weak-Form Market Efficiency of the Dar es Salaam Stock Exchange ; 1 -- Introduction; 2 -- The Random Walk Theory and the Efficient Market Hypothesis; 3 -- Empirical Literature Review on Weak-Form Market Efficiency; 4 -- Data Sources; 5 -- Methodology; 5.1 -- Augmented Dickey-Fuller Test; 5.2 -- The Variance Ratio Test; 5.3 -- Ranks- and Signs-Based Variance Ratio Tests; 6 -- Analyses and Presentation of the Results 6.1 -- Descriptive Statistics and Diagnostics6.2 -- Augmented Dickey-Fuller Test Results; 6.3 -- Variance Ratio Test Results; 6.4 -- Ranks- and Signs-Based Variance Ratio Tests; 6.5 -- Summary of the Findings; 7 -- Conclusions and Recommendations; References; Chapter 2 -- Stock Returns and Inflation: The Case of Botswana ; 1 -- Introduction; 2 -- Literature Review; 3 -- Overview of the Economy of Botswana; 4 -- Data and Methodology; 4.1 -- Data; 4.2 -- Methodology; 5 -- Results; 6 -- Conclusions; References Chapter 3 -- Modeling and Forecasting Stock Market Volatility in Frontier Markets: Evidence From Four European and Four A... 1 -- Introduction; 2 -- Background Information; 2.1 -- Importance of Volatility Forecastinga; 2.2 -- Emerging Markets or Country Samples; 2.3 -- Modeling of Volatility Forecasting; 3 -- Data; 4 -- Methodology; 4.1 -- ARCH Effects; 4.2 -- Generalized Autoregressive Conditional Heteroscedasticity (GARCH); 4.3 -- Exponential GARCH (EGARCH); 4.4 -- Component GARCH (CGARCH); 4.5 -- Comparisons of Forecast Performance; 5 -- Findings and Discussions; 6 -- Conclusions and Further Research 2.1 -- Data Sources and Descriptive Statistics3 -- Hypotheses and Methodology; 3.1 -- Hypothesis 1; 3.2 -- Hypothesis 2; 3.3 -- Methodology; 3.4 -- Robustness Testing; 4 -- Results; 4.1 -- Robustness Tests; 5 -- Discussions; 5.1 -- Decision Fatigue in Africa; 5.2 -- Loss Aversion in Developed Markets; 6 -- Conclusions; References; Appendix 1: Time-Varying Correlations of US with African Markets; Appendix 2: Time-Varying Correlations of US with Developed Markets; Section B -- Europe; Chapter 7 -- An Assessment of the Real Development Prospects of the EU 28 Frontier Equity Markets ; 1 -- Introduction 2 -- A Comparative Analysis of the EU 10 Frontier Markets.

Handbook of Frontier Markets: The European and African Evidence provides novel insights from academic perspectives about the behavior of investors and prices in several frontier markets. It explores finance issues usually reserved for developed and emerging markets in order to gauge whether these issues are relevant and how they manifest themselves in frontier markets.