Land subsidence is presented in many factors in different areas with urbanization. Internal soil erosion, owing to pumping confined groundwater during the deep foundation pit construction, has contributed to land subsidence. Four governing equations are presented to describe the process of...

This paper explores how foreign ownership and participation affect the volatility dynamics of individual stocks in Indonesia. After controlling for size and turnover, we show that stocks with high foreign holdings have greater volatility persistence and lead other stocks in the daily volatility...

This study documents a negative relationship between foreign ownership and future volatility of Indonesian stocks. This calming effect of foreign ownership is present before, during, and after the Asian financial crisis. It is independent of gross and net foreign trading and the stock's...

This paper explores the presence and characteristics of the asymmetric return-volatility relationship (i.e. asymmetric volatility) in bilateral exchange rates and trade weighted indices (TWI). We find evidence of asymmetric volatility in daily realized volatilities of AUD, GBP, and JPY against...

In a multi-dealer market without transaction disclosure, quote revision partially reveals the posting dealer's private information/belief and may have an impact on other dealers' pricing decision. Using continuous quotes from three major dealers in the interbank foreign exchange market, I find...

This study shows that the information content of FX transactions depends on the identity of market participants. Using spot FX transactions of a major Australian bank, we find that central banks have the greatest price impact, followed by non-bank financial institutions (NBFIs) such as hedge...

This paper documents a strong contemporaneous relationship between foreign equity trading and market volatility in Indonesia and Thailand. Although foreign selling accounts for only a small portion of daily trading, it has the highest explanatory power for market volatility in both countries....

This paper highlights the importance of timing specifications in empirical market microstructure studies. Small changes in the data matching process and the timing specification of economic variables can significantly alter the outcomes of empirical research. Using the methodology developed by...

In a multi-dealer market without transaction disclosure, quote revision partially reveals the posting dealer's private information/belief and may have an impact on other dealers' pricing decision. Using continuous quotes from three major dealers in the interbank foreign exchange market, I find...