Narrow search
Showing 1 - 10 of 18,451
Cover Image
Is market integration associated with informational efficiency of stock markets?
Hooy, Chee-Wooi; Lim, Kian-Ping - In: Journal of Policy Modeling 35 (2013) 1, pp. 29-44
This study addresses the question of whether a more integrated stock market is associated with a higher degree of informational efficiency. We employ the adjusted pricing error from an equilibrium international asset pricing model as a proxy for market integration. The aggregate country-level...
Persistent link: https://www.econbiz.de/10010608426
Cover Image
Empirical dynamics of emerging financial markets during the global mortgage crisis
Aktug, Rahmi Erdem - In: Borsa Istanbul Review 15 (2015) 1, pp. 17-36
Focusing on five major emerging markets, I investigate the interactions between credit default swap premiums, foreign exchange rates, local currency government bond spreads, and national stock market returns over the period 4/2/2007 to 8/27/2009. Empirical analysis indicates that bond markets,...
Persistent link: https://www.econbiz.de/10011185599
Cover Image
THE GLOBAL ECONOMIC DOWNTURN AND AFRICAN ECONOMY – RECENT TRENDS AND FUTURE PROSPECTS
RENA, Ravinder - In: Journal of Applied Economic Sciences 5 (2010) 4(14)/ Winter 2010, pp. 383-394
equity investment are come under pressure. The impact of the crisis on developing countries of Africa will affect different … the globe particularly in Africa, resulting in the collapse of large financial institutions, the “bail out†of banks by … wake of ongoing global Economic downturn on the FDIs to Africa with a particular focus on Namibia. Namibia currently …
Persistent link: https://www.econbiz.de/10008835212
Cover Image
Valuation effects of termination of cross-listings
Füss, Roland; Hommel, Urich; Plagge, Jan-Carl - In: Journal of Financial Perspectives 2 (2014) 1, pp. 177-193
In the past, segmentation of capital markets incentivized numerous companies to crosslist in more integrated markets by promising better investor recognition and thereby lowering cost of capital and increasing stock liquidity. In recent years, however, more and more companies have decided to...
Persistent link: https://www.econbiz.de/10010991069
Cover Image
An exploration on volatility across India and some developed and emerging equity markets
Mukherjee, Paramita - In: Asia-Pacific Development Journal 18 (2011) 2, pp. 79-103
The opening up of financial markets in India has led to significant transformation within the financial sector, which has become more integrated with international stock markets. The general concern which is emerging with such development is the increased volatility of equity returns. This paper...
Persistent link: https://www.econbiz.de/10010903971
Cover Image
Global and Local Sources of Risk in Eastern European Emerging Stock Markets
Fedorova, Elena; Vaihekoski, Mika - In: Czech Journal of Economics and Finance (Finance a uver) 59 (2009) 1, pp. 2-19
We study a pricing model for global and local sources of risk in six Eastern European emerging stock markets. Utilizing GMM estimation and an unconditional asset-pricing framework with and without time-varying betas, we perform estimations based on monthly data from 1996 to 2007 for Poland, the...
Persistent link: https://www.econbiz.de/10005808641
Cover Image
European Financial Markets After EMU: A First Assessment
Danthine, Jean-Pierre; Giavazzi, Francesco; von … - C.E.P.R. Discussion Papers - 2000
This paper reviews the first evidence on the impact of European Monetary Union on European capital markets, one year after the launch of the single currency. Our assessment of this evidence is very favourable. On almost all counts EMU has either already drastically changed the European financial...
Persistent link: https://www.econbiz.de/10005124263
Cover Image
LONG AND SHORT-RUN LINKAGES IN CEE STOCK MARKETS: IMPLICATIONS FOR PORTFOLIO DIVERSIFICATION AND STOCK MARKET INTEGRATION
Syllignakis, Manolis; Kouretas, Georgios - William Davidson Institute, University of Michigan - 2006
This paper examines the short- and long-term relationships between seven Central Eastern European (CEE) stock markets and two developed stock markets, namely the German market and the US market. Application of the Gonzalo and Granger (1995) methodology indicates that the examined stock markets...
Persistent link: https://www.econbiz.de/10005677583
Cover Image
Contagion Across and Integration of Central and Eastern European Stock Markets: Evidence from Intraday Data
Egert, Balazs; Kocenda, Evzen - William Davidson Institute, University of Michigan - 2005
We analyze interrelations between three stock markets in Central and Eastern Europe and, in addition, interconnections which may exist between Western European (DAX, CAC, UKX) and Central and Eastern European stock markets (BUX, PX-50, WIG20). The novelty of our paper rests mainly on the use of...
Persistent link: https://www.econbiz.de/10005677728
Cover Image
Liquidity commonality among Asian equity markets
Wang, Jianxin - In: Pacific-Basin Finance Journal 21 (2013) 1, pp. 1209-1231
This paper examines the impact of a set of common factors on liquidity variations in twelve Asian equity markets. The cross-market liquidity co-movements, i.e. liquidity commonality, represent an important dimension of capital market integration. I find that (1) liquidity variations in Asian...
Persistent link: https://www.econbiz.de/10010594363