dividend shocks, which results in waves of optimism or pessimism that create high price volatility. The model shows that …

We construct a dynamic competitive model with futures markets where price volatility comes from information arrival and …? How do information arrival and noise trading interact to generate price volatility? What are the effects of futures … trading on volatility and welfare? Without noise trading, we show that a fully revealing equilibrium price is unlikely to …

macroeconomic analysis, market microstructure analysis and order flow analysis, to forecast the volatility in the foreign currencies …

Standards (IFRS) has produced an impact on the level of noise trading and volatility dynamics in three major central and eastern … IFRS adoption affects the level of noise trading and volatility in the market place. Findings – The results show that noise …. Moreover, the paper finds that the level and persistence of stock return volatility has greatly decreased after the …