We examine whether there is contagion from the U.S. stock market to six Central and Eastern European stock markets. We use a novel measure of contagion that examines whether volatility shocks in the U.S. stock market coupled with negative returns are followed by higher co-exceedance between U.S....

This paper analyzes how newly introduced transparency requirements for short positions affect investors' behavior and security prices. Employing a unique data set, which contains both public positions above and confidential positions below the regulatory disclosure threshold, we offer several...

This report provides an overview of equity markets in six Latin American countries (Argentina, Brazil, Chile, Colombia, Mexico and Peru), along with recommendations to support development of equity markets and access to finance for corporations in the region.

This report provides a comprehensive and comparable picture of the use and functioning of public equity markets in Asia. The objective of the report is to inform policy discussions on how capital markets can serve their role to channel financial resources from households to productive...

This report follows and analyses trends in Asian public equity markets. It provides policy makers, regulators, corporations and other market participants with a comprehensive and comparable picture of the use and functioning of public equity markets in Asia. The review also informs policy...

This paper gives an overview of some issues related to market valuation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...

We use intraday stock index return data from both sides of the Atlantic during overlapping trading hours to analyze the dynamic interactions between European and US stock markets. We are particularly interested in differences of information transmission before, during, and after the financial...