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spread. Moreover, the results confirm the prediction of standard market microstructure theory that volatility exerts a …
Persistent link: https://www.econbiz.de/10005836836
The Kyoto Protocol is the first international environmental agreement that sets legally binding greenhouse gas emissions targets and timetables for Annex I countries. It incorporates emissions trading and two project-based flexibility mechanisms, namely joint implementation and the clean...
Persistent link: https://www.econbiz.de/10005616753
system that then existed in the world, and (c) the transition from a uni-polar world, with the U.S.A. as the single center of …
Persistent link: https://www.econbiz.de/10008596380
In March 2005, riots erupted in South Korea against Japan for claiming sovereignty over some rocky uninhabited islets …
Persistent link: https://www.econbiz.de/10005837321
This essay is about the crisis of US automobile management and the difficulties that management educators and practitioners in America have had facing up to that crisis. It focuses on Detroit’s Big Three but it also looks at the role Japanese firms played in transferring JMS (Japanese...
Persistent link: https://www.econbiz.de/10008514907
In this article recession magnitudes in Europe, the USA and Japan during the Great Recession are compared. The … strongest recessions (of severe category) occurred in Latvia, Lithuania and Estonia, while recessions in Japan and the USA were …-1933 in the USA. Hence, comparisons of the Great Recession to the Great Depression in the literature are somewhat exaggerated. …
Persistent link: https://www.econbiz.de/10011258149
of the volatility of stock returns, and a negative function of dollar volume turnover, share price and market …
Persistent link: https://www.econbiz.de/10008615006
Inter-dealer trading in US Treasury securities is almost equally divided between two electronic trading platforms that have only slight differences in terms of their relative liquidity and transparency. BrokerTec is more active in the trading of 2-, 5-, and 10-year T-notes while eSpeed has more...
Persistent link: https://www.econbiz.de/10011157015
This paper offers a dynamic model of the foreign exchange market where some investors in the market are more informed than others. By adjusting the proportion of informed investors in the market, it is shown that the disconnect between macroeconomic variables and the exchange rate is sensitive...
Persistent link: https://www.econbiz.de/10009220668
This study explores how shocks in the foreign exchange market influence the allocation of commercial bank assets. A consistent pattern of asset allocation was discovered for Guyanese and Jamaican commercial banks. A positive one standard deviation shock (a surplus) in the foreign exchange market...
Persistent link: https://www.econbiz.de/10009647239