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Sovereign credit risk and stock markets : does the markets’ dependency increase with financial Distress?
Silva, Paulo Pereira da - In: International Journal of Financial Studies : open … 2 (2014) 1, pp. 145-167
This paper addresses the relationship between stock markets and credit default swaps (CDS) markets. In particular, I aim to gauge if the co-movement between stock prices and sovereign CDS spreads increases with the deterioration of the credit quality of sovereign debt. The analysis of...
Persistent link: https://www.econbiz.de/10010373349
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Capital Account Restrictions, Exchange Rate Volatility, and Firm Value
Tongurai, Jittima - 2011
Building upon a data set of publicly traded firms in Thailand, we find that the exposure of firms to exchange rate volatility appears to change during the period of capital account restrictions (in the form of the un-remunerated reserve requirement on capital inflows) between 2006-07. We also...
Persistent link: https://www.econbiz.de/10013123035
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China Markets and Global Stock Return Predictability
Sun, Yulong - 2020
We have seen China's growing role in the past decades, and the world economy has become more exposed to the influence of China. This paper explores emerging China's impact on the global equity market through the lens of asset pricing. We study the predictive properties of the lagged China...
Persistent link: https://www.econbiz.de/10012824300
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The Changing Landscape of Sovereign Credit Risk
Beers, David - 2015
The risks to global financial stability posed by recent defaults by government borrowers have, for the most part, been manageable. However, the dynamics underpinning the ad hoc arrangements for resolving sovereign defaults are changing. Public debt burdens in many advanced economies are set to...
Persistent link: https://www.econbiz.de/10013022317
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On the Efficiency of Global Gold Markets
Ntim, Collins G. - 2015
This paper examines the weak-form efficiency of the global gold markets with specific focus on the random walks (RWS) and martingale difference sequence (MDS) hypotheses, and consequently, investigates the extent to which predictability or non-predictability of global daily spot gold price...
Persistent link: https://www.econbiz.de/10013022897
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The International BFSI Business from International Financial Services Centre (IFSC) in India : The Changing Scenario
Shah, Dipesh - 2018
International Financial Services Centre (IFSC) seeks to bring to the Indian shores, those financial services … Shore. IFSC in Indian context may be defined as centre that provides International Financial Services (IFS) to non … International Financial Centres are major contributor to the business of International Banking, Financial Services & Insurance (BFSI …
Persistent link: https://www.econbiz.de/10012922824
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On the dynamics of international stock market efficiency
Khaled, Mohammed S.; Keef, Stephen P. - In: Cogent economics & finance 2 (2014) 1, pp. 1-11
The Granger causality procedure is used to assess the dynamics of market efficiency of 17 international stock indices …
Persistent link: https://www.econbiz.de/10010470565
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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?
Hopp, Christian; Dreher, Axel - 2007
We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of...
Persistent link: https://www.econbiz.de/10010264196
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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?
Hopp, Christian; Dreher, Axel - 2007
We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of...
Persistent link: https://www.econbiz.de/10010277774
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Do differences in institutional and legal environments explain cross-country variations in IPO underpricing?
Hopp, Christian (contributor); Dreher, Axel (contributor) - 2007
We empirically analyze the determinants of Initial Public Offering (IPO) underpricing using panel data for 29 countries over the period 1988-2005. Our hypotheses stress the importance of institutional and legal factors in explaining cross-country variations. We find that increased protection of...
Persistent link: https://www.econbiz.de/10003763979