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Predictability of asset returns and the efficient market hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10003985756

Migration, political institutions, and social networks

Batista, Catia; Seither, Julia; Vicente, Pedro C. - 2018

What is the role of international migrants and, specifically, migrant networks in shaping political attitudes and behavior in migrant sending countries? Our theoretical framework proposes that migration might change individual social identities and thus stimulate intrinsic motivation for...

Persistent link: https://www.econbiz.de/10011904883

Private information, human capital, and optimal “home bias” in financial markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed … models predict. Our model ascribes the "bias" to endogenous information acquisition bolstered by investors' human capital. We … differences across countries in the degree to which home asset prices are "information-revealing", which may be relevant for fully …

Persistent link: https://www.econbiz.de/10009516904

New moneys under the new normal? : bitcoin and gold interdependence during COVID times

Agnese, Pablo; Thoss, Jonathan - 2021

Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be claiming an increasing size of the market share. These new virtual assets present investors with significant opportunities, but also with significant risks. This paper analyzes the...

Persistent link: https://www.econbiz.de/10012517614