In this paper an attempt is made to provide an understanding of the black market premium. To this end the operation of the parallel or black market for US dollars in Greece during the recent float is investigated. A series of tests is employed in order to examine the role of changes in agents'...

The present study, employing a survivorship-bias free dataset, assesses the performance of Greek domestic equity funds during the period June 2001--December 2009 controlling for the thin trading risk that is inherent in the Greek stock market. Augmenting Carhart's multi-benchmark model (1997)...