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integration level. We apply wavelet decomposition to unveil the multi-horizon nature of co-movement. We find that the subprime … leverage effect and the exclusion of conventional financial stocks. We also find higher fundamental integration for Islamic …
Persistent link: https://www.econbiz.de/10011113785
Despite experiencing rapid growth in their number and size, African stock markets remain highly segmented, small, illiquid and technologically bankrupt, severely affecting their informational efficiency. On this basis, with specific focus on the weak-form of the efficient markets hypothesis, we...
Persistent link: https://www.econbiz.de/10009226809
Empirical evidence shows that South Africa's equity market is the safest and better global shock absorber than equity …
Persistent link: https://www.econbiz.de/10008564313
Empirical evidence shows that South Africa's equity market is the safest and better global shock absorber than equity …
Persistent link: https://www.econbiz.de/10005753517
This paper investigates volatility persistence in Southern and East African stock markets taking into account the rate of volatility decay. Generalised autoregressive conditional heteroscedaticity (GARCH) and GARCH-in-mean (GARCH-M) models are used to estimate volatility persistence and risk...
Persistent link: https://www.econbiz.de/10011207784
fragmentation and the degree of market integration. We use the empirical case of Kosovo as a transition country to investigate the … efficiency effects of land fragmentation by simultaneously considering the effects of market integration. Different to previous … studies, we assume that land fragmentation and market integration lead to the prevalence of heterogeneous technologies …
Persistent link: https://www.econbiz.de/10010920657
Persistent link: https://www.econbiz.de/10004253267
Persistent link: https://www.econbiz.de/10004660612
Marktintegration, d. h. die Einbeziehung in den Steuerungs- und Ver-gütungsmechanismus des Strommarktes, sowie ihrer Systemintegration … in seiner aktuellen Ausgestaltung zur Marktintegration und/oder zur Systemintegration beiträgt, und ob es grundsätzlich … lassen, und welche Zusatzkosten der Integrationsadministrierung dabei entstehen (Effizienz). Während die Marktintegration i …
Persistent link: https://www.econbiz.de/10010980523