This article is an event study of the effectiveness of official foreign exchange interventions by the National Bank of Serbia (NBS) in the RSD/EUR market. As the NBS does not have a formally modelled response function we assume that it intervenes as is expected according to its mandate, i.e., to...

A total of 60 incidents, of which 29 were additions to and 31 were exclusions from the index have been analyzed during the 23 index periods of ÝMKB 30 between the years 2005-2011. General conclusion is that announcements of change and the days of change do not have a significant impact on stock...

Purpose Over a short interval of time (i.e. 2011-2014), Egypt has experienced tectonic political shifts, including the toppling of a long-entrenched dictator, two presidential elections, and a military coup. The purpose of this paper is to provide an analysis of the impact of such events on the...