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The Effects of Option Expiration on NSE volume and prices

Gupta, Akash; Metia, Samik; Trivedi, Prashant - EconWPA - 2004

Exchange (NSE). Overall we tested for abnormal trading volume, abnormal price movement, individual stock reversal and stock …

Persistent link: https://www.econbiz.de/10005134925

International Financial Markets Integration or Segmentation: A Case Study of Equity Markets

Guha, Puja; Daga, Shivani; Gulati, Richa; Bhupal, Ganita; … - EconWPA - 2004

Over the past 15 years, financial markets have become increasingly global. The relationship among the equity markets of the developed and the emerging countries has been examined extensively in the literature. This paper studies the interdependence among the major stock markets of the world....

Persistent link: https://www.econbiz.de/10005413192

The consumption of ordinary wines in France : the effect of administered prices

SALIES, Evens - EconWPA - 2004

Since 1970 nearly all-Mediterranean countries of the EC had undertaken measures to regulate their domestic market for ordinary wines, in the context of constant fall in domestic demand for that product. This paper provides an empirical modelling framework for understanding the effect on the...

Persistent link: https://www.econbiz.de/10005556313

The Portuguese Disinflation Process: Analysis of Some Costs and Benefits

Duarte, António Portugal - EconWPA - 2005

’s methodology, the construction of a Near-VAR model and the establishment of a simulation analysis. The acceptance of German …

Persistent link: https://www.econbiz.de/10005556600

Monetary Model of exchange rate: empirical evidence from Malawi

Simwaka, Kisu - EconWPA - 2004

In this paper, we examine the monetary model of the Malawi Kwacha – U S dollar exchange rate during the current floating exchange rate system by applying several recent developments in the econometrics of unit roots and cointegration. Several interesting and important results are found. A...

Persistent link: https://www.econbiz.de/10005561097

On Stability of the Demand for Money in a Developing OECD

HALICIOGLU, Ferda; UGUR, Mehmet - EconWPA - 2005

This paper empirically analyses the stability of the narrow money demand function (M1) in Turkey for the period 1950-2002. As part of the IMF-sponsored stabilisation programme, Turkey has been pursuing base money targets. To ascertain whether this policy framework satisfies the necessary...

Persistent link: https://www.econbiz.de/10005561131

Dynamics of inflationary processes in Malawi

Simwaka, Kisu - EconWPA - 2004

DYNAMICS OF INFLATIONARY PROCESSES IN MALAWI: AN ECONOMETRIC ANALYSIS* Kisu Simwaka Research & Statistics Department Reserve Bank of Malawi The paper investigates the sources of inflationary pressures in Malawi and suggests ways of mitigating such pressures. In the first part of the study, we...

Persistent link: https://www.econbiz.de/10005561185

An Estimation of Residential Water Demand Using Co-integration and Error Correction Techniques

Espineira, Roberto Martinez - EconWPA - 2004

The purpose of this paper is to measure the short- and long-run effect ofthe price of water on residential water use. Unit root tests reveal that water use series and series of other variables affecting use are non-stationary. However, a long-run co-integrating relationship is found in the...

Persistent link: https://www.econbiz.de/10005118917

A better way to account for fiat money at the Central Bank

Colignatus, Thomas - EconWPA - 2005

Proper monetary accounting rules are: (1) Central Banks should conform to the practice of the US Federal Reserve to distinguish its Balance Sheet from its Statement of Conditions. (2) Fiat money should not appear as a liability in a Balance Sheet. (3) The Central Bank should not record more...

Persistent link: https://www.econbiz.de/10005408128

How the gold standard functioned in Portugal: an analysis of some macroeconomic aspects

Duarte, António Portugal; Andrade, João Sousa - EconWPA - 2005

This paper studies the Gold Standard in Portugal. It was the first country in Europe to join Great Britain in 1854. The … principle of free gold convertibility was abandoned in 1891. For the purposes of a macroeconomic study, we also extended the … demand, supply and monetary shocks in the context of a VAR model confirm the idea that the principles of classical economics …

Persistent link: https://www.econbiz.de/10005412543