This research aims to shed light on the global financial crisis and its impact on
international development, and touched on the types of crises and economic indicators
associated with these crises, and people search the global financial crisis in 2
008, and the
stages and how they occur, then turned to look at the causes and manifestations and the
most important sectors those affected by the crisis, and the most harmful to the
international development. The research explained the effects of the financial crisis on the
financial markets and international development plans and addressed both in the United
States or the industrialized nations or the developing countries , and Responding of the
countries and organizations to it .The research found a number of results, and made some
proposals.
This study investigates the Monthly Effect (Semi-Month Effect
and Turn of the Month Effect) in the stock markets of Egypt,
Jordan, Iraq and Syria, over the period from January 2010 to
December 2014. The daily returns for each index were analyzed
by using T test or Mann-Whitney test. Moreover, the regression
analysis was also applied.