Showing 1 - 10 of 2,389
We study how financial market efficiency affects a measure of diversification of output across industrial sectors … aggregate output across industrial sectors which minimize the economy’s long-term volatility for a given level of long …
Persistent link: https://www.econbiz.de/10011605305
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
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
test the weak form efficiency of select South Asian capital markets (India, Sri Lanka, Pakistan, Bangladesh, and Mauritius … creation of innovative financial products thereby making the markets move towards efficiency in the long run. …
Persistent link: https://www.econbiz.de/10011938297
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
allocative efficiency is impossible when the private rate of information substitution differs from the social rate (Jehiel and … information then the common value would simply shift traders' private values by a known constant and full allocative efficiency … has no adverse consequences for allocative and informational efficiency. In contrast, a private expectations model in …
Persistent link: https://www.econbiz.de/10010316881
This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis...
Persistent link: https://www.econbiz.de/10010307840
We model Greek monetary policy in the 1990s and use our findings to address two interrelated questions. First, how was monetary policy conducted in the 1990s so that the hitherto highest-inflation EU country managed to join the euro by 2001? Second, how compatible is the current ECB monetary...
Persistent link: https://www.econbiz.de/10010322776
The introduction of new elements in the Greek Science and Technology policy has not been followed to the same extent by an explicit concern for the promotion of R&D co-operation. National policy in that respect has been shaped to a large extent by the European Commission's policy initiatives....
Persistent link: https://www.econbiz.de/10011608632
Die Autoren zeigen, dass Griechenland trotz des Abschlusses der über acht Jahre dauernden Rettungsprogramme und einer … Investoren zu verbessern und neues Vertrauen in den Standort Griechenland zu schaffen. … during the last years, Greece still faces serious economic problems. Even though the debt crisis was temporarily defused by a …
Persistent link: https://www.econbiz.de/10011936231