When a financial crisis breaks out, speculators typically get the blame whereas fundamentalists are presented as the safeguard against excessive volatility. This paper proposes an asset pricing model where two types of rational traders coexist: short-term speculators and long-term...

This study examines the ability of investor sentiment to predict conditional volatility and excess returns at both aggregate market and industry level in Pakistani stock market. Following the top-down-approach, a broad band investor sentiment index for Pakistan has been developed to empirically...

We consider alternative methods of measuring the competitiveness of a majoritarian electoral system in the context of an analysis of Indian State elections. Our analysis highlights a number of weaknesses in the construction and interpretation of commonly used measures such as the effective...

In the present paper, we shall consider the following impulsive delay system for modeling the price fluctuations in single-commodity markets:˙p(t) = F (p(t), p(t − h))p(t), t ̸= τk,p(t) = ϕ0(t), t ∈ [t0 − h, t0],Δp(t) = Ik(p(t)), t = τk, k ∈ Z.Sufficient conditions are established...

The future of e-money is crypocurrencies, it is the decentralize digital and virtual currency that is secured by cryptography. It has become increasingly popular in recent years attracting the attention of the individual, investor, media, academia and governments worldwide. This study aims to...

Financial Reynolds number (Re) has been proven to have the capacity to predict volatility, herd behaviour and nascent bubble in any stock market (bourse) across the geographical boundaries. This study examines forty two bourses (representing same number of countries) for the evidence of the...

This paper estimates ex-post returns to Australian housing in Australian capital cities 1999 2015 considering the cycle of asset ownership; acquisition, annual operations, taxation and disposition. Modelling accommodates financial leverage and varying taxation regimes. Results confirm home...