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The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the … affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972-1991 period … of the OPEC Cartel have also produced oil price shocks, both upward and downward, that generate additional costs because …
Persistent link: https://www.econbiz.de/10009436142
The purpose of this publication is not to assess the causes of the 1973 energy crisis or the measures that were adopted to resolve it. The intent is to present some data on which such analyses can be based. Many of the trends presented here fall into two distinct periods. From 1973 to the...
Persistent link: https://www.econbiz.de/10009436700
En este artículo se muestra una aplicación de la minería de textos para extraer información de documentos financieros y usar esta información para crear índices de sentimiento. En particular, el análisis se centra en los diferentes números del Informe de Estabilidad Financiera (IEF) del...
Persistent link: https://www.econbiz.de/10012523795
En este artículo se muestra una aplicación de la minería de textos para extraer información de documentos financieros y usar esta información para crear índices de sentimiento. En particular, el análisis se centra en los diferentes números del Informe de Estabilidad Financiera (IEF) del...
Persistent link: https://www.econbiz.de/10012524988
La aplicación de herramientas cuantitativas que facilitan el análisis de la inmensa cantidad de información disponible ha ido ganando cada día más importancia. Son varios los participantes del mercado que se han unido a esta tendencia, y los bancos centrales no escapan de ella. Gran parte...
Persistent link: https://www.econbiz.de/10012669975
Researchers in the area of information security have mainly been concerned with tools, techniques and policies that firms can use to protect themselves against security breaches. However, information security is as much about security software as it is about secure software. Software is not...
Persistent link: https://www.econbiz.de/10009441243
from the perspective of the firms seeking promotion. Relying on the theory of efficient capital markets (Fama, 1970), an …
Persistent link: https://www.econbiz.de/10009467899
This paper is an event study analysis of the reaction of daily U.S. hospitality stock prices to announcements of Federal Open Market Committee decisions concerning the federal funds target rate (FFTR). The study first identifies two components of changes in the FFTR, namely the expected and the...
Persistent link: https://www.econbiz.de/10009467980
This paper analyzes stock index reactions to interest rate actions by the FOMC. Unlike previous analyses this study utilizes macro-economic indicators and accounts for pre-decision market expectations. Results indicate significant reaction of the stock market to the actions of the FOMC...
Persistent link: https://www.econbiz.de/10009475045
The financial crisis of 2007-2008 led to extraordinary government intervention in firms and markets. The scope and depth of government action rivaled that of the Great Depression. Many traded markets experienced dramatic declines in liquidity leading to the existence of conditions normally...
Persistent link: https://www.econbiz.de/10009477864