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Market Reaction and Volatility in the Brazilian Stock Market

Medeiros, Otavio Ribeiro De; Matsumoto, Alberto Shigueru - EconWPA - 2004

We perform an event study to investigate stock returns associated to the announcement of equity issues by Brazilian firms between 1992 and 2003 aiming to determine the market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH and...

Persistent link: https://www.econbiz.de/10005134785

An Empirical Analysis of Market Reaction Around the Bonus Issues in India

Mishra, Asim - EconWPA - 2005

Past researches have revealed significant abnormal returns for bonus issues even though the bonus issue date is known in advance and the distribution contains no new information. This study examines the stock price reaction to the information content of bonus issues with a view of examining the...

Persistent link: https://www.econbiz.de/10005134827

An Empirical Analasis of Market reaction Around the Bonus Issues in India

Mishra, Asim - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005413084

Exogenous shocks and real estate rental markets: An event study of the 9/11 attacks and their impact on the New York office market

Fuerst, Franz - EconWPA - 2005

Any attempt to measure the impact of the 9/11 attacks is faced with the difficulty of separating the effects of the attacks from the impact of a wider economic recession and other simultaneous events. This study attempts to isolate the effect on New York office rental and vacancy rates by...

Persistent link: https://www.econbiz.de/10005561660

Exchange RAte Dynamics with Financial Repression: A Test of Exchange Rate Models for India

Kohli, Renu; Kletzer, Kenneth - EconWPA - 2004

This paper examines the relevance of the monetary approach for exchange rate behaviour in India, unde rthe managed float regime. It finds supprot for purchaisng power parity in traded goods and that the monetary approach provdies a reasonable description of exchange rate behaviour in the period...

Persistent link: https://www.econbiz.de/10005408178

Real Exhange Rate Stationarity in Managed Floats: Evidence From India

Kohli, Renu - EconWPA - 2004

This paper tests for mean-reversion in real exchange rates for India during the recent (managed) float period yield evidence of mean- reversion in the real exchange rate series constructed with the consumer price index as deflator as well as for a series constructed using the ratio of wholesale...

Persistent link: https://www.econbiz.de/10005408185

Currency Substitution, Unoffical Dollarization and Estimates of Foreign Currency Held Abroad: The Case of Croatia

Feige, Edgar L.; Faulend, Michael; Sonje, Velimir; … - EconWPA - 2001

This paper employs new estimates of US currency held abroad to determine the degree of unofficial or de facto dollarization that has taken place in key countries around the world. Empirical estimates of foreign currency in circulation permits refined definitions of unofficial dollarization...

Persistent link: https://www.econbiz.de/10005556659

ACTIVE AND PASSIVE SEIGNIORAGE REVENUES: THE CASE FOR TURKEY 1970-1997

Halicioglu, Ferda - EconWPA - 2005

This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...

Persistent link: https://www.econbiz.de/10005076728

EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

Kibritcioglu, Aykut - EconWPA - 2003

Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the … Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU … Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic …

Persistent link: https://www.econbiz.de/10005076843

Turkiye'nin dunya ekonomisine entegrasyon sureci ( The integration process of Turkey into the world economy) (IN TURKISH)

HALICIOGLU, Ferda - EconWPA - 2005

This study brifly looks into the process of Turkey into the world economy and concludes that this process has been …

Persistent link: https://www.econbiz.de/10005124899