A co-integration analysis approach to European Union integration: the case of acceding and candidate countries

Author(s):

Ceylan Onay

Industry:
Banking

This paper examines the long-term financial integration of second-round acceding and candidate countries with the European Union and the US stock markets during the Accession Process.

Updated: 27/10/2011
Comments:
Views: 4,606

Financial market dynamics in an enlarged European Union

Author(s):

Nikos Paltalidis

Topic:
Finance
Industry:
Banking

This paper provides evidence of integration in European equity and bond markets over the period 2January 1997 to 1 October 2006.

Updated: 29/09/2011
Comments:
Views: 4,484

Equity market integration in Balkan emerging markets

Author(s):

Nikos Paltalidis

Topic:
Finance
Industry:
Banking

This paper examines dynamics in the relationship between five major Balkan emerging stock markets (Turkey, Romania, Bulgaria, Croatia, Serbia), European developed stock markets (UK, Germany, Greece) and the United States.

Updated: 29/09/2011
Comments:
Views: 5,726

Yield curve estimation by Kernel smoothing methods

Author(s):

Jens Nielsen

 et al.
Topic:
Finance
Industry:
Banking

We introduce a new method for the estimation of discount functions, yield curves and forward curves from government issued coupon bonds. Our approach is nonparametric and does not assume a particular functional form for the discount function although we do show how to impose various restrictions in the estimation.

Updated: 22/09/2011
Comments:
Views: 5,445

Competition and integration among stock exchanges: the dilemma of conflicting regulatory objectives and strategies

Author(s):

Chizu Nakajima

 et al.

Following an analysis of the normative/positive dichotomy in approaching competition in financial services, we discuss the centrality of information disclosure in creating a competitive and stable financial market.

Updated: 22/09/2011
Comments:
Views: 5,436

Universal banks and stock market reaction: some evidence from major announcements

Author(s):

Stanley Mutenga

 et al.
Topic:
Finance
Industry:
Banking

The current study investigates the interface between the banking and insurance sector. The empirical findings are based on well-known financial intermediaries taken from an international sample.

Updated: 22/09/2011
Comments:
Views: 5,094

Socio-economic development and international migration: a Turkish study

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Public Policy

This article investigates the relationship between economic development and migration by taking into consideration the question of what degrees of economic development form thresholds for migrations. The paper focuses on recent evidence on the development and emigration relationship in Turkey which reflects a dimension of the dynamics and mechanisms facilitating or restricting migratory flows from the country.

Updated: 22/09/2011
Comments:
Views: 5,441

Effects of feedback on probabilistic forecasts of stock prices

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This paper reports the results of an experiment in stock-price forecasting that investigated the effects of feedback on various dimensions of probability forecasting accuracy.

Updated: 22/09/2011
Comments:
Views: 4,604

Effects of task format on probabilistic forecasting of stock prices

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Banking

This study aims to explore the differences in various dimensions of forecasting accuracy that may result from the task format used to elicit the probabilistic forecasts.

Updated: 22/09/2011
Comments:
Views: 4,804