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'Brexit' : A Case Study in the Relationship between Political and Financial Market Uncertainty

Smales, Lee A. - 2016

This letter explores a single research question: How does political uncertainty, outside of the election cycle, influence financial market uncertainty? Using the UK (‘Brexit') referendum on EU membership as a novel event to examine this question, I identify a positive and well defined...

Persistent link: https://www.econbiz.de/10012987326

Does Britain Need a Financial Regulator?

Booth, Philip - 2011

Only a generation ago, UK investment markets were regulated by self-governing exchanges. Though independent exchanges still exist, investment markets have become regulated in ever more detailed ways by statutory bodies such as the Financial Services Authority. These bodies have no clear lines of...

Persistent link: https://www.econbiz.de/10013132490

Prediction of financial downside-risk with heavy-tailed conditional distributions

Mittnik, Stefan; Paolella, Marc S. - 2003

The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...

Persistent link: https://www.econbiz.de/10009765347

Private regulation versus government regulation : the example of financial markets

Booth, P. - In: Economic affairs : journal of the Institute of Economic … 42 (2022) 1, pp. 30-49

Persistent link: https://www.econbiz.de/10013165975

Money rules : the new politics of finance in Britain and Japan

Laurence, Henry - 2001 - 1. publ.

Persistent link: https://www.econbiz.de/10001509662

Cross-Border Offers of Securities in the EU : The Standard Life Flotation

Ferran, Eilis - 2010

This article reviews the use in the flotation of Standard Life plc of the prospectus passport for cross-border offers of securities within the EU that was introduced by the Prospectus Directive (2003). The Standard Life flotation was a major test for the new law on prospectuses and, overall, it...

Persistent link: https://www.econbiz.de/10014053596

Liquidity Resilience in the UK Gilt Futures Market : Evidence from the Order Book

Fullwood, Jonathan - 2018

We analyse liquidity dynamics in the UK long gilt futures market. We use a novel order book dataset to assess liquidity resilience to sources of pressure such as policy operations or episodes of financial distress. Our results provide evidence in favour of resilience. We further show that this...

Persistent link: https://www.econbiz.de/10012913735

COVID-19 Infection Data, Policy Interventions or Sentiment; What Explains International Stock Returns and Volatility?

Virk, Nader - 2021

We examine the impact of COVID-19 (C-19) pandemic on global equity markets by constructing novel infection indices. Our results show that the impact of prompt and large-scale policy interventions is ambiguous yet statistically significant. However, in this equivocality, the impact of global...

Persistent link: https://www.econbiz.de/10013242732

Credit Derivatives and the Dodd Frank Act – Is the Regulatory Response Appropriate?

Vasudev, P. M. - 2013

-Frank Wall Street Reform and Consumer Protection Act in 2010 as a comprehensive response to the Credit Crisis. Collateralized …

Persistent link: https://www.econbiz.de/10013091810

The Effect of NAV Flotation on the Management of Prime Money Fund Portfolios

Li, Su - 2019

The October, 2016 money-fund reform obliged institutional prime funds to start floating their Net Asset Values (NAVs … management. We find that institutional funds reduced their interest-rate, liquidity and credit risk around the reform … back to where it was well before the reform by the end of 2017. Prime funds adjusted to their shrinkage largely through …

Persistent link: https://www.econbiz.de/10012896588