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The Development of the State Bond Market
Alexander, Ivanter; Anatoly, Peresetsky - EERC Research Network, Russia and CIS - 1999
In this paper we study relations between various segments of the Russian financial market (GKO market, currency market, interbank loans market and stock market). We pay special attention to the GKO market, which is remarkable for its volume and significance. We consider relations of the GKO...
Persistent link: https://www.econbiz.de/10005121382
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Price Discovery and Volatility Spillover: Evidence from Indian Commodity Markets
Sehgal, Sanjay; Rajput, Namita; Deisting, Florent - In: The International Journal of Business and Finance Research 7 (2013) 3, pp. 57-75
This paper examines the price discovery and volatility spill-over relationship for Indian commodity markets. We cover … be competitive. Volatility spill-over is confirmed for only three commodities and none of the indices. This implies the …
Persistent link: https://www.econbiz.de/10010938525
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Index Futures Activity and Stock Market Volatility: An Empirical Analysis of the Italian Stock Exchange
Bologna, Pierluigi - In: Giornale degli Economisti 59 (2000) 1, pp. 51-88
This paper examines the impact of MIB30 Index Futures on the volatility of the Italian Stock Exchange. The results … suggest that the onset of futures trading may have led to diminished daily volatility. They also suggest that the nature of … the volatility itself has not changed between the pre-futures and post-futures periods although a lower volatility is …
Persistent link: https://www.econbiz.de/10005612304
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STUDIES ON FINANCIAL MARKETS IN EAST ASIA
Susai, Masayuki (contributor); Uchida, Shigeru (contributor) - World Scientific Publishing Co. Pte. Ltd.
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...
Persistent link: https://www.econbiz.de/10010883054
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EU retail financial market integration: mirage or reality?
Lannoo, Karel - In: Journal of Financial Transformation 23 (2008), pp. 95-100
After the successful adoption of the Financial Services Action Plan (FSAP), the integration of retail financial markets is a next frontier for the EU. Several measures covering areas such as payments, retail credit and investment funds, and stretching across different policy areas are under...
Persistent link: https://www.econbiz.de/10004981471
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¿Puede el gobierno corporativo aprender del gobierno público?
Jakob, Brugger; Immanuel, Samuel - Volkswirtschaftliche Fakultät, … - 2007
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
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Determinants of Capital Structure in Non-Financial Companies
Kühnhausen, Fabian; Stieber, Harald W. - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we evaluate firm-, industry- and country-specific factors determining a firm's capital structure. The empirical validity of several capital structure theories has been ambiguous so far. We shed light on the main drivers of leverage and depict differences in industry and country...
Persistent link: https://www.econbiz.de/10011019340
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Off-exchange Trading, Dark Pools and their Regulatory Dilemmas
Biedermann, Zsuzsánna - In: Public Finance Quarterly 60 (2015) 1, pp. 78-94
Exemption from pre-trade transparency on dark platforms enables the prevention of information leakage and a major market impact, thus block traders prefer these platforms to public ones. There are several dark trading facilities: systematic internalisers, crossing networks, etc. In this study, I...
Persistent link: https://www.econbiz.de/10011251912
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The effect of index futures trading on volatility: Three markets for Chinese stocks
Martin T. Bohl, Jeanne Diesteldorf, Pierre L. Siklos - Department of Economics, School of Business and Economics - 2015
This paper examines whether the introduction of Chinese stock index futures had an impact on the volatility of the … indicate that Chinese index futures decrease spot market volatility in all three spot markets considered. In contrast, we do …
Persistent link: https://www.econbiz.de/10011196458
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The effect of a closing call auction on market quality and trading strategies
Kandel, Eugene; Rindi, Barbara; Bosetti, Luisella - In: Journal of Financial Intermediation 21 (2012) 1, pp. 23-49
reduction in spread and volatility, and an increase in aggressiveness of liquidity suppliers during the last minutes. We show …
Persistent link: https://www.econbiz.de/10010688289