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: 5,531

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: 5,301

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: 5,253

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: 4,956

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: 5,263

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: 4,455

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: 4,642

Evaluating probabilistic forecasts of stock prices in a developing stock market

Recent literature on the accuracy of forecasting in financial markets reveals contradictory results. These discrepancies can be attributed to the differences in forecasting environments as well as the differences in forecaster expertise that are employed by the researchers.

Updated: 22/09/2011
Comments:
Views: 5,098

An exploratory analysis of the portfolio managers' probabilistic forecasts of stock prices

This study reports the results of an experiment that examines (1) the effects of forecast horizon on the performance of probability forecasters, and (2) the alleged existence of an inverse expertise effect, i.e., an inverse relationship between expertise and probabilistic forecasting performance.

Updated: 22/09/2011
Comments:
Views: 4,994