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This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...
Persistent link: https://www.econbiz.de/10013026463
This paper presents tests of uncovered interest parity in Croatia, the Czech Republic, Hungary, Poland and Romania; all … countries in Central and Eastern Europe with floating exchange rates. Data are monthly and the trading horizon is three months … currency and interest markets in Central and Eastern Europe. Two indicators of global risk aversion were also found to enter …
Persistent link: https://www.econbiz.de/10013096314
This paper explores the stock market interlinkages between the United States and Romania during the actual financial …
Persistent link: https://www.econbiz.de/10013099858
Romania contracted significantly since the fall of last year for two reasons. On one hand, the central bank's new crediting …-measures. On the other hand, the first signs of the economic crisis started to show in Romania at the same time and affected the …
Persistent link: https://www.econbiz.de/10013158245
2000 to December 2006 corresponds to the last stage of the Romania's transition to a market economy, while the second …
Persistent link: https://www.econbiz.de/10013049393
Persistent link: https://www.econbiz.de/10012928866
This paper examines the problem of information asymmetry between foreign, local, institutional and individual investors on the Bucharest Stock Exchange (BVB) for the period 2004-2011. Using monthly returns for individual companies listed on BVB, stock market indices during the seven years...
Persistent link: https://www.econbiz.de/10012612399
This paper assesses the potential influence of the growing CDS market on the borrowing cost of sovereign states during the European sovereign crisis. We analyze the sovereign debt market to ascertain the pattern of information transmission between the CDS and corresponding bond markets. Our...
Persistent link: https://www.econbiz.de/10013114194
The fallout from the 2008 financial crisis has been particularly acute in the euro area Member States of the south-western rim and in the new EU Member States, due to their previously accumulated macroeconomic and financial imbalances. The perception that the euro environment provided a solid...
Persistent link: https://www.econbiz.de/10013105081
This paper addresses the following questions. Is there evidence of financial contagion in the Eurozone? To what extent a country's vulnerability to contagion depends on "fundamentals" as opposed the government's "credibility"? We look at the empirical evidence on European sovereigns CDS spreads...
Persistent link: https://www.econbiz.de/10013088213