Similar Search Results

PRICE DISCOVERY IN THE ATHENS DERIVATIVES EXCHANGE: EVIDENCE FOR THE FTSE/ASE-20 FUTURES MARKET

Kenourgios, Dimitris - EconWPA - 2005

The FTSE/ASE-20 futures market, as the first organised Greek derivatives market, established in August 1999 and its operation rests with the Athens Derivatives Exchange (ADEX) and the Athens Derivatives Exchange Clearing House (ADECH). Cointegration tests are used and an error correction model...

Persistent link: https://www.econbiz.de/10005413199

Accounting for Agricultural Decline with Economic Growth in Taiwan

Sun, Ling; Fulginiti, Lilyan E.; Peterson, E. Wesley - EconWPA - 2005

In this paper we propose an empirical model to decompose the evolution of the agricultural GDP share of Taiwan into …

Persistent link: https://www.econbiz.de/10005407731

Financial Restrictions, Personal Income Tax (PIT) and Demand for a Permanent Home in a Dynamic Model. An analysis with Panel Data for Spain

Pérez-López, Cesar; Romero-Jordan, Desiderio; … - EconWPA - 2004

This paper analyzes the way in which income tax and liquidity determine the purchase or rental of a permanent home in …

Persistent link: https://www.econbiz.de/10005556895

Financial Restrictions, Personal Income Tax (PIT) and Demand for a Permanent Home in a Dynamic Model. An analysis with Panel Data for Spain

Pérez-López, Cesar; Romero-Jordan, Desiderio - EconWPA - 2004

This paper analyzes the way in which income tax and liquidity determine the purchase or rental of a permanent home in …

Persistent link: https://www.econbiz.de/10005556906

Financial Restrictions, Personal Income Tax (PIT) and Demand for a Permanent Home in a Dynamic Model. An analysis with Panel Data for Spain

Pérez-López, Cesar; Romero-Jordan, Desiderio - EconWPA - 2004

This paper analyzes the way in which income tax and liquidity determine the purchase or rental of a permanent home in …

Persistent link: https://www.econbiz.de/10005560996

The rigidity bias

Herrala, Risto - EconWPA - 2004

We study the basic economic problem of choice between long-term and short-term commitments under a general characterization of uncertainty (aggregate uncertainty). When contingencies are contractible, a perfect market of Arrow-Debreau contingent claims implements the social optimum. When...

Persistent link: https://www.econbiz.de/10005561581

Introduction to Market Microstructure

EKINCI, Cumhur - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005134945

Is Liquidity Reflected in Bond Yields? Evidence from the Euro Corporate Bond Market

Houweling, Patrick; Mentink, Albert; Vorst, Ton - EconWPA - 2002

We test whether liquidity is priced in the euro-denominated corporate bond market. We use the Arbitrage Pricing Theory … to control for other sources of risk. Yields are used to measure the bonds' expected returns and liquidity is … significant pricing anomalies due to liquidity exist for euro- denominated bonds. We find that the yield premium between liquid …

Persistent link: https://www.econbiz.de/10005413035

Time-Varying Arrival Rates of Informed and Uninformed Trades

Easley, David; Engle, Robert F.; O'Hara, Maureen; Wu, Liuren - EconWPA - 2002

the arrival rates of trades and trade composition on market volatility, liquidity and depth. We find that although … composition of the trade. We use the opening bid-ask spread as a measure of market liquidity. We find that as the number of trades …

Persistent link: https://www.econbiz.de/10005413104

The Relevance of Short Sales to the Maltese Stock Market

Azzopardi, Paul V.; Camilleri, Silvio John - EconWPA - 2004

particular reference to how short sales may enhance informational efficiency and their relationship with liquidity. The paper … may be desirable on the Maltese stock market for enhancing price efficiency and liquidity, yet a more formal framework for … stock market, due to low liquidity levels. …

Persistent link: https://www.econbiz.de/10005413209