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Evolution of security transaction tax in India
Sinha, Pankaj; Mathur, Kritika - Volkswirtschaftliche Fakultät, … - 2012
. Since the volatility of returns on stocks is not constant through time, conditional heteroscedasticity models are used to … estimate the volatility of stock returns. The impact of tax on volatility of return on indices is insignificant. …
Persistent link: https://www.econbiz.de/10011107269
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The Impact of Stock Market Structure on Volatility: Evidence from a Call Auction Suspension
Camilleri, Silvio John - Volkswirtschaftliche Fakultät, … - 2015
The purpose of this paper is to investigate the volatility impacts of the suspension of a call auction system by the … volatility on NSE is compared with that of the Bombay Stock Exchange using two volatility proxies: modulus of log returns and … scaled intra-day price difference. We also focus on conditional volatility by estimating an AGARCH model on seasonally …
Persistent link: https://www.econbiz.de/10011211859
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Repo Market – A Tool to Manage Liquidity in Financial Institutions
Nath, Golaka - Volkswirtschaftliche Fakultät, … - 2013
Repo is used in India as an instrument for monetary policy by institutionalizing daily Liquidity Adjustment Facility (LAF) which allows banks and Primary Dealers to manage their liquidity needs. Liquidity stress in the market has an impact on the short term interest rate. Entities not having...
Persistent link: https://www.econbiz.de/10011260388
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Why Do Financial Intermediaries Buy Put Options from Companies?
Gyoshev, Stanley; Kaplan, Todd R.; Szewczyk, Samuel; … - Volkswirtschaftliche Fakultät, … - 2012
In the 1990s, companies collected billions in premiums from peculiarly structured put options written on their own stock while almost all of these puts expired worthless. Buyers of these options, primarily �nancial intermediaries, lost money as a result. Although these losses might seem...
Persistent link: https://www.econbiz.de/10011260748
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Stock market consequences of macro economic fundamentals
Ayub, Mehar - Volkswirtschaftliche Fakultät, … - 2000
It is concluded in the study that the Valuation Ratio will be independent from the Equities if equity-elasticity is equal to one. However, Market Capitalization depends on the investment in equities and the market liquidity. The model has been tested in the context of Pakistan and the Monetary...
Persistent link: https://www.econbiz.de/10005616593
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The liquidity of dual-listed corporate bonds: empirical evidence from Italian markets
MODENA, MATTEO; LINCIANO, NADIA; GENTILE, MONICA; … - Volkswirtschaftliche Fakultät, … - 2014
We compute some indicators (zero-trade, turnover ratio, Amihud price impact, and Roll bid-ask spread) to examine the liquidity conditions of corporate bonds traded on the main Italian retail bond markets from January 2010 to June 2013. In order to compare market liquidity for identical...
Persistent link: https://www.econbiz.de/10011188478
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Fiancial Innovation, Structuring and Risk Transfer
Vanini, Paolo - Volkswirtschaftliche Fakultät, … - 2012
These lecture notes are about financial innovations. We ask why are there some innovation and how is an innovative idea realized. This forces us to consider practical and structural aspects (regulations, taxation, markets) as key drivers of innovations and also basic formal aspects in valuation....
Persistent link: https://www.econbiz.de/10011109326
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An Economic Examination of Collateralization in Different Financial Markets
Xiao, Tim - Volkswirtschaftliche Fakultät, … - 2012
This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization...
Persistent link: https://www.econbiz.de/10011109791
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An Economic Examination of Collateralization in Different Financial Markets
Xiao, Tim - Volkswirtschaftliche Fakultät, … - 2012
Tim Xiao: This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for...
Persistent link: https://www.econbiz.de/10011112168
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The determinants of the Harare Stock Exchange (HSE) market capitalisation
Ilmolelian, Peter - Volkswirtschaftliche Fakultät, … - 2005
This is an exploratory study that attempts to identify and provide empirical evidence on the possible determinants of the market capitalisation of the Harare Stock Exchange (HSE) with the view of understanding the development prospects of the HSE and other similar markets. The study used...
Persistent link: https://www.econbiz.de/10005787110