This book underscores the complexity of the equity markets, the challenges they face, and the fact that they are still …. The markets have one major objective in particular to achieve: the delivery of accurate price discovery for both traders … quality, or are they adding to the complexity of the markets and making accurate price discovery harder to achieve? The …

Emerging markets have received a particular attention of academic researchers and practitioners since they decided to … open their domestic capital markets to foreign participants about three decades ago. At the same time, we remark that … theoretical and empirical research in emerging stock markets has been particularly challenged by their fast changes in nature and …

triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory …

This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets … and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment … crashes in financial markets. In addition, the book formulates concrete new research hypotheses for future studies. …

Stock market integration between developing and emerging markets has numerous benefits for creating a global - yet … stable - world economy. It increases competition and the efficiency of local markets, in turn reducing price volatility and … the cost of capital among integrated markets. It also generates capital flows, which enhance financial stability and spur …

Charakteristisch für Emerging Markets sind hohe Aktienrenditen und eine geringe Korrelation mit den Aktienrenditen der … ausgewählten Emerging Markets untersucht Frank Herrmann, ob sich für die beiden genannten Entwicklungen empirische Belege finden … Emerging Markets und nimmt eine eigenständige Modellerweiterung zur Anpassung der Mittelwertgleichung vor. Beim empirischen …

Sub-Saharan Africa, the poorest and least integrated region of the world, now has fifteen stock markets. Adventure …