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Call auctions : A solution to some difficulties in Indian finance
Thomas, Susan - East Asian Bureau of Economic Research (EABER) - 2010
The Indian financial system has been revolutionised by the application of a new market design : continuous trading with an anonymous limit order book at NSE and BSE. However, in certain situations, this market design has limitations. Call auctions represent an alternative strategy, where the...
Persistent link: https://www.econbiz.de/10009363838
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The Use of Real Estate for the Settlement of Claims in Roman Palestine
Viswanath, P. V. - East Asian Bureau of Economic Research (EABER) - 2007
The Mishna in Tractate Gittin discusses land qualities, in a context where land is used to settle monetary obligations. The law is that land of different qualities must be used to pay claimants in different situations; in particular, claimants pursuant to a tort case have the right to have their...
Persistent link: https://www.econbiz.de/10009365378
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Modeling Transaction Data of Trade Direction and Estimation of Probability of Informed Trading
Tay, Anthony; Ting, Christopher; Tse, Yiu Kuen; … - East Asian Bureau of Economic Research (EABER) - 2007
This paper implements the Asymmetric Autoregressive Conditional Duration (AACD) model of Bauwens and Giot (2003) to analyze irregularly spaced transaction data of trade direction, namely buy versus sell orders. We examine the influence of lagged transaction duration, lagged volume and lagged...
Persistent link: https://www.econbiz.de/10009365398
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Direction-of-Change Forecasts Based on Conditional Variance, Skewness and Kurtosis Dynamics : International Evidence
Christoffersen, Peter F.; Diebold, Francis X.; Mariano, … - East Asian Bureau of Economic Research (EABER) - 2006
Recent theoretical work has revealed a direct connection between asset return volatility forecastability and asset … return sign forecastability. This suggests that the pervasive volatility forecastability in equity returns could, via induced …
Persistent link: https://www.econbiz.de/10009363828
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Direction-of-Change Forecasts Based on Conditional Variance, Skewness and Kurtosis Dynamics : International Evidence
Tay, Anthony S.; Christoffersen, Peter F.; Diebold, … - East Asian Bureau of Economic Research (EABER) - 2006
Recent theoretical work has revealed a direct connection between asset return volatility forecastability and asset … return sign forecastability. This suggests that the pervasive volatility forecastability in equity returns could, via induced …
Persistent link: https://www.econbiz.de/10009363861
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An Analysis of the Special Safeguard Mechanisms in the Doha Round of Negotiations - A Proposed Price-trigger-based Safeguard Mechanism
Pal, Parthapratim; Wadhwa, Deepika - East Asian Bureau of Economic Research (EABER) - 2006
In the Doha Round of negotiations on agriculture it has been decided that all developing and least developed Member countries of the WTO will have access to a Special Safeguard Mechanism (SSM). This means that developing countries will now have the option to temporarily impose higher tariff...
Persistent link: https://www.econbiz.de/10009365123
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Real Exchange Rate Dynamics in the Presence of Nontraded Goods and Transaction Costs
LEE, Inkoo; SHIN, Jonghyup - East Asian Bureau of Economic Research (EABER) - 2008
volatility of the real exchange rate. In addition, the sensitivity analysis shows that our model can rationalize more than 97% of … both persistence and volatility of the real exchange rate. Our analysis suggests that the purchasing price parity puzzle …
Persistent link: https://www.econbiz.de/10009365409
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Impact Of Proposed Commodity Transaction Tax On Futures Trading In India
Sahoo, Pravakar; Kumar, Rajiv - East Asian Bureau of Economic Research (EABER) - 2008
taxes is to contain price rise and volatility, to generate revenue, and to increase transparency, these arguments are …, volatility and transaction cost using a three-equation structural model for five top selected commodities namely Gold, Copper … cost and liquidity, and a positive relationship between transaction cost and volatility. Therefore, if the government …
Persistent link: https://www.econbiz.de/10009365429
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A Structuralist Model of the Small Open Economy in the Short, Medium and Long Run
Hoon, Hian Teck; Phelps, Edmund S. - East Asian Bureau of Economic Research (EABER) - 2005
Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...
Persistent link: https://www.econbiz.de/10009363909
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A Structuralist Model of the Small Open Economy in the Short, Medium and Long Run
Hoon, Hian Teck; Phelps, Edmund S. - East Asian Bureau of Economic Research (EABER) - 2007
Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...
Persistent link: https://www.econbiz.de/10009365495