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Long-term memory processes have been extensively examined in recent literature as they provide simple way to test for predictabilty in the underlying process. However, most of the literature interprets the results of estimated Hurst exponent simply by its comparison to its asymptotic limit of...
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The article provides a basic description and taxonomy of sovereign wealth funds, rapidly gaining importance in the international monetary and financial systems. SFWs are pools of assets owned and managed directly or indirectly by governments to achieve specific objectives. Tentative estimates of...
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stands at 32 percent. This is a much higher probability than the estimates for low-liquidity-stock trades on the NYSE …
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This paper considers the interaction among equity markets in the Czech Republic and those in developed countries. Also considered are cross-listed securities traded in the Czech Republic whose global depository receipts (GDRs) are listed in London. The models used include Granger causality,...
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economic policy, because the competition ensures the freedom of choice. The theory of competition provides large number of …This paper describes the main theoretical concepts of the competition, which is thought to be the fundamental social … process in the economy. The protection of competition (or the competition policy) is the one of the most important parts of …
Persistent link: https://www.econbiz.de/10005036608