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Isobars and the efficient market hypothesis
Ivanková, Kristýna - 2010
Isobar surfaces, a method for describing the overall shape of multidimensional data, are estimated by nonparametric regression and used to evaluate the efficiency of selected markets based on returns of their stock market indices.
Persistent link: https://www.econbiz.de/10010322194
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Can we make money with fifth-order autocorrelation in Japanese stock prices?
Tsutsui, Yoshiro; Hirayama, Kenjiro; Tanaka, Takahiro; … - 2005
We first report that one-minute returns on TOPIX have exhibited significant autocorrelation at five-minute intervals since 1997/98, which implies there is an arbitrage opportunity. Special quotes that are issued whenever there is a price jump in excess of a predetermined band seem to be the...
Persistent link: https://www.econbiz.de/10010332467
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Efficiency of South Asian capital markets: An empirical analysis
Mishra, P. K. - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 1, pp. 27-34
In recent years, especially in the aftermath of the global financial meltdown, the performance of South Asia capital markets has attracted the attention of the researchers and investors across the globe. The resilient shown provides the impetus to examine the efficient market hypothesis in these...
Persistent link: https://www.econbiz.de/10011938297
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Eine kurze Ideengeschichte der Kapitalmarkttheorie: Fundamentaldatenanalyse, Effizienzmarkthypothese und Behavioral Finance
Will, Matthias Georg - 2012
Dieser Beitrag beschäftigt sich mit den Theoriebeiträgen der Fundamentaldatenanalyse, der Effizienzmarkthypothese und … auf volatilen Märkten ihre Spielzüge optimieren können. Die Effizienzmarkthypothese versucht stattdessen, den … die Effizienzmarkthypothese trotz realitätsferner Annahmen die Behavioral Finance nicht nur hinsichtlich des Grades der …
Persistent link: https://www.econbiz.de/10011733818
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Inefficient markets
Goeree, Jacob K.; Zhang, Jingjing - 2012
Traders' values and information typically consist of both private and common-value elements. In such environments, full allocative efficiency is impossible when the private rate of information substitution differs from the social rate (Jehiel and Moldovanu, 2001). We link this impossibility...
Persistent link: https://www.econbiz.de/10010316881
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Der türkische Tomatensektor: regionale Gesichtspunkte und räumliche Marktintegration
Weitzel, Enno-Burghard; Keskin, Gülsen; Brosig, Stephan - 2008
in Turkey. We describe the structure and development of this sector from the year 1990 onwards, covering farms in primal … the coasts of Turkey, while the interior provinces are rather separated. In some cases price transmission only occurs when …
Persistent link: https://www.econbiz.de/10010299320
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The New Keynesian Phillips Curve in an Inflation Targeting Country: The Case of Turkey
Gozgor, Giray - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 7-18
The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The New Keynesian Phillips Curve (NKPC) has recently set up...
Persistent link: https://www.econbiz.de/10011310240
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The External Finance Premium and the Financial Accelerator: The Case of Turkey
Cambazoğlu, Birgül; Karaalp, Hacer Simay - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 103-121
premium and thus the effect of the increase in the external finance premium which diminishes output for Turkey over the period …
Persistent link: https://www.econbiz.de/10011310246
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Turkey and the Europan Union: Possible incidence of the EU accession on migration flows
Glazar, Ondřej; Strielkowski, Wadim - 2009
This paper analyzes possible incidences of Turkish EU accession on the emigration from Turkey to the European Union … scenarios of Turkish migration to the EU. Eventual migration flows from Turkey into the EU are forecasted based on the estimated … results. We find that seemingly unrelated regressor is the most efficient estimator that can be applied in Turkey-EU migration …
Persistent link: https://www.econbiz.de/10010322162
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Labor Mobility Across The Formal/Informal Divide in Turkey: Evidence From Individual Level Data
Tansel, Aysit; Kan, Elif Oznur - 2012
theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing …, heterogeneous and multifaceted informal labor market. However, the existing evidence on labor informality in Turkey is mixed and …
Persistent link: https://www.econbiz.de/10010324359