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Pricing protest : the response of financial markets to social unrest

Barrett, Philip; Bondar, Mariia; Chen, Sophia; … - 2021

Using a new daily index of social unrest, we provide systematic evidence on the negative impact of social unrest on stock market performance. An average social unrest episode in an typical country causes a 1.4 percentage point drop in cumulative abnormal returns over a two-week event window....

Persistent link: https://www.econbiz.de/10012518928

The Impact of Terrorismon Financial Markets

Nedelescu, Oana M. - 2005

The terrorist attacks that have occurred in the past few years around the world have raised international awareness of the danger of terrorism and its complex repercussions on the financial markets. This paper explores the ways in which financial markets reacted to the attacks and the...

Persistent link: https://www.econbiz.de/10014400960

The Microstructure of Government Securities Markets

Dattels, Peter - 1995

This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient...

Persistent link: https://www.econbiz.de/10014395858

Noise Traders and Herding Behavior

Redding, Lee Scott - 1996

Recent developments in financial economics have included many explorations into market microstructure, that is, the internal functioning of markets and the ways in which they provide liquidity to traders. An important contribution of this literature is that prices can deviate from their...

Persistent link: https://www.econbiz.de/10014396062

Linkages Between Financial Variables, Financial Sector Reform and Economic Growth and Efficiency

Johnston, R. B. - 1995

economic growth and efficiency, using panel data for 40 countries which reformed their financial systems. Financial sector … reform is hypothesized to affect economic growth and efficiency through three main channels: the real interest rate … representing the interest cost of capital, the volume of intermediation, and financial sector efficiency. The results indicate that …

Persistent link: https://www.econbiz.de/10014395836

Monetary Policy and Asset Prices : Does ""Benign Neglect"" Make Sense?

Jeanne, Olivier - 2002

The link between monetary policy and asset price movements has been of perennial interest to policymakers. In this paper, we consider the potential case for preemptive monetary restrictions when asset price reversals can have serious effects on real output. First, we present some stylized facts...

Persistent link: https://www.econbiz.de/10014401453

Volatility and Predictability in National Stock Markets : How Do Emerging and Mature Markets Differ?

Richards, Anthony J. - 1996

This paper examines the evidence for the common assertion that the volatility of emerging stock markets has increased as a result of the liberalization of markets. A range of measures suggests that there has been no generalized increase in volatility in recent years; indeed, it appears that...

Persistent link: https://www.econbiz.de/10014398639

Measuring Liquidity in Financial Markets

Lybek, Tonny - 2002

This paper provides an overview of indicators that can be used to illustrate and analyze liquidity developments in financial markets. The measures include bid-ask spreads, turnover ratios, and price impact measures. They gauge different aspects of market liquidity, namely tightness (costs),...

Persistent link: https://www.econbiz.de/10014399617

Fragilities in the U.S. treasury market : lessons from the “Flash Rally” of October 15, 2014

Bouveret, Antoine; Breuer, Peter; Chen, Yingyuan; … - 2015

Persistent link: https://www.econbiz.de/10011446368

The Egyptian Stock Market : Efficiency Tests and Volatility Effects

Mecagni, Mauro - 1999

The paper examines the behavior of stock returns in the Egyptian stock exchange, the efficiency of the market in …

Persistent link: https://www.econbiz.de/10014403463

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