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From institutions to financial development and growth : what are the links?
Fernández, Andrés; Tamayo, César E. - 2015
growth. From the large body of research on institutional development, the paper first selects those contributions that make … by which these specific frictions affect economic growth and presents the stock of empirical evidence quantifying the … impact of institutions on growth through financial development. …
Persistent link: https://www.econbiz.de/10011290078
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Arbitrage in Stationary Markets
Evstigneev, Igor; Kapoor, Dhruv - Institut für Schweizerisches Bankwesen <Zürich> - 2007
discuss the relations between the results obtained and the phenomenon of ”volatility-induced growth” in stationary markets. …
Persistent link: https://www.econbiz.de/10005857775
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Learning about unprecedented events: agent-based modelling and the stock market impact of COVID-19
Bazzana, Davide; Colturato, Michele; Savona, Roberto - 2021
We model the learning process of market traders during the unprecedented COVID-19 event. We introduce a behavioral …
Persistent link: https://www.econbiz.de/10012654147
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Can countries rely on foreign saving for investment and economic development?
Cavallo, Eduardo A.; Eichengreen, Barry; Panizza, Ugo - 2016
over the deficit episode and its aftermath, growth is slower than when countries rely on domestic savings. The paper … concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …
Persistent link: https://www.econbiz.de/10011519098
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Order flow and the formation of dealer bids : an analysis of information and strategic behavior in the government of Canada securities auctions
Hortaçsu, Ali; Sareen, Samita - 2004
Using data on Government of Canada securities auctions, this paper shows that in countries where direct access to primary issuance is restricted to government securities dealers, Order-flow" information is a key source of private information for these security dealers. Order-flow information is...
Persistent link: https://www.econbiz.de/10011607155
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Stock prices in a speculative market : the Chinese split-share reform
Beltratti, Andrea; Bortolotti, Bernardo; Caccavaio, Marianna - 2009
In 2005-2006 China reformed its stock market by eliminating non-tradable shares. The regulator set general guidelines and then assigned responsibility for implementation to each company. We derive relations that should have been followed by the prices of stocks and exploit a company-level data...
Persistent link: https://www.econbiz.de/10008809692
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Securities transaction tax-case study of India
Malik, Neha - 2014
contributed to the exchequer, it can be argued that the absence of such a tax could have added more to economic growth and hence …
Persistent link: https://www.econbiz.de/10010354157
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Privatization and stock market liquidity
Bortolotti, Bernardo; Jong, Frank de; Nicodano, Giovanna; … - 2002
Share issue privatization - i.e. privatization on public equity markets - is often claimed to foster stock market development. In this paper, we provide an empirical assessment of this claim, testing the role of privatization on two market liquidity measures in a panel with monthly data of 19...
Persistent link: https://www.econbiz.de/10011598239
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Intra-industry effects of privatization announcements : evidence from developed and developing countries
Otchere, Isaac - 2002
We examine the stock price reaction of rival firms to privatization announcements to infer information about industry effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that the announcement effects reflect competitive...
Persistent link: https://www.econbiz.de/10011598302
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Background indicators
Raunig, Burkhard - 2016
Persistent link: https://www.econbiz.de/10011494861