Laboratory stock markets

Continued part 1, part 2 of ebook "Behavioral interactions, markets, and economic dynamics: Topics in behavioral economics" provide readers with content about: bubbles and crash; price bubbles sans dividend anchors - evidence from laboratory stock markets; experimental markets; behavioral contract theory; market efficiency and anomalies; contracting with self-esteem concerns;...

326p damtuyetha 16-02-2023 3 1   Download

After a few months of respite brought about mainly by the provision of longer-term liquidity by the Eurosystem in early 2012, the sovereign-debt crisis intensified again in spring. However, financial markets have recovered since July, helped by important policy decisions in the EU and the announcement of further monetary easing on both sides of the Atlantic. Sovereign yields in most vulnerable countries have receded somewhat since summer. Risk appetite appears to have improved as stock markets have recuperated the losses experienced earlier in the year.

0p trinhcaidat 19-04-2013 64 4   Download

London’s role as the pre-eminent financial centre in Europe has served to create a depth and breadth of markets that underpins demand for office space in both the City and its surrounding sub-markets in Docklands and Midtown. Finance, insurance and real estate (“FIRE”) employment in London (Figure 5) has shown a 1.1% per annum increase since the early 1980s, mirroring the increase in stock.

0p bocapchetnguoi 06-12-2012 48 1   Download

For portfolio managers the question if the rise in synchronization across national equity markets is driven by fundamentals, and therefore likely to be permanent, or if it is linked to the recent stock market bubble, and therefore temporary, is critical. This is because portfolio managers have traditionally followed a top-down approach, first choosing countries in which to invest and then selecting the best securities in each market.

0p bocapchetnguoi 05-12-2012 47 1   Download

The overwhelming expansion of the internet is today being accompanied with a large increase of financial activities and transactions that are conducted on- line. A few minutes navigation on the internet allows to realize the existence of electronic cash systems,payment protocols,auctions,lotteries,digital casinos and gambing systems. The sometimes crucial importance and often large inter- est around such transactions raises several concerns about the security and the privacy of the information that users and organizations are willing to use on a network....

8p quaivattim 04-12-2012 40 2   Download

However, less attention has been paid to smaller emerging markets, especially in the GCC countries where share dealing is a relatively recent phenomenon. Using VAR models and cointegration tests, Hammoudeh and Eleisa (2004) show that there is a bidirectional relationship between Saudi stock returns and oil price changes. The findings also suggest that the other GCC markets are not directly linked to oil prices and are less dependent on oil exports and are more influenced by domestic factors. Bashar (2006) uses VAR analysis to study the effect of oil price changes on GCC....

20p quaivattim 04-12-2012 61 2   Download

Market concentration can be measured by looking at the share of market capitalization accounted for by the large stocks. These large stocks are seen as the leading 3 to 5 firms in the market (Maunder et al. 1991). In many economies only a few companies dominate the stock market (Bundoo 1999). High concentration is not desirable as it can adversely affect liquidity, as it is common to find a negative correlation between concentration and liquidity. Table 5 shows the market concentration percentages.

10p quaivattim 04-12-2012 63 2   Download

The general trend is one of fluctuations between 1996 and 2005. However, the volume and value of shares traded in 2005 is higher than 1996. From 1996 to 1998 there was an increase in the volume as well value of trade but then in the year 1999 there was a decline in both the value and volume of trade. Then the first quarter of 2000 showed some active trading at the South Pacific Stock Exchange but after that the trading level decreased. The volume of shares traded decreased by 36% compared to the 1999 trade but the value of shares...

17p quaivattim 04-12-2012 38 1   Download