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This paper deals with the relationship between mass privatization and stock market development in transition economies. The link is investigated empirically using a panel of data that includes most transition countries. Our results confirm the hypothesis that mass privatization exerted a...
Persistent link: https://www.econbiz.de/10005419586
The volatility of financial markets has been a relevant topic for transition economies, as the countries of Central and … Eastern Europe and the former Soviet Union have seemingly endured high levels of volatility in their financial sectors during … the transition process. But what have been the determinants of this financial volatility? This paper posits that …
Persistent link: https://www.econbiz.de/10010752334
affected by ‘volatility contagion’ coming from emerging markets. I find also some partial support for the ‘volatility contagion …
Persistent link: https://www.econbiz.de/10005648630
This paper uses multivariate GARCH techniques to study volatility spillovers between the Chinese non …-variability of conditional correlation, a dynamic correlation structure is included in the volatility model specification. The … integration, in particular, that exerts the largest influence on volatility transmission. …
Persistent link: https://www.econbiz.de/10005419581
There have been profound changes in both political and economic institutions in China over the last twenty years …
Persistent link: https://www.econbiz.de/10005419585
a search for common global and regional driving-forces in stock market returns and volatility. We focus particularly on … two emerging stock markets - Russia and China, because of their unique characteristics and performance in the past years …
Persistent link: https://www.econbiz.de/10005419590
We present a new composite leading indicator of economic activity in mainland China, es-timated using a dynamic factor …
Persistent link: https://www.econbiz.de/10005419594
features of China's extensive processing trade cause both the identification of imported intermediate goods, and their … intermediate goods imported into China. Vertical specialization is then estimated using two methods. The first method uses the … strong evidence of an Asian network of intermediate suppliers to China, and the two methods provide a range of estimates for …
Persistent link: https://www.econbiz.de/10005419600
stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the …
Persistent link: https://www.econbiz.de/10005419610
In January 2008, China adopted a new labour contract law. This new law represents the most significant reform to the … legislation on employment relations in mainland China in more than a decade. The paper provides a theoretical framework on the …
Persistent link: https://www.econbiz.de/10005419612