From Closed to Open Economy Macroeconomics: The Real Exchange Rate and Capital Inflows India 1981-1994
... and miscellaneous ...
... and miscellaneous ...
Trading Volume Reaction to the Earnings Reconciliation from IFRS
... of abnormal trading volume. In addition to CS, we show that trading volume reaction in the U.S. markets is weaker for firms using IFRS as issued by the IASB than for firms using other versions of IFRS, suggesting reconciliation is less of a concern for firms consistently and faithfully applying IFR ...
... of abnormal trading volume. In addition to CS, we show that trading volume reaction in the U.S. markets is weaker for firms using IFRS as issued by the IASB than for firms using other versions of IFRS, suggesting reconciliation is less of a concern for firms consistently and faithfully applying IFR ...
Why do foreign firms leave US equity markets?
... explicitly test the loss of competitiveness hypothesis in the context of the passage of SOX, but some of our results apply to more general causes of a loss of competitiveness. The SOX explanation predicts that there are cross-listed firms for which SOX imposed deadweight costs big enough to make it ...
... explicitly test the loss of competitiveness hypothesis in the context of the passage of SOX, but some of our results apply to more general causes of a loss of competitiveness. The SOX explanation predicts that there are cross-listed firms for which SOX imposed deadweight costs big enough to make it ...
BDO - NEED TO KNOW / Hedge Accounting (IFRS 9 Financial
... Three months later, due to supply and demand factors, the price differential between the two grades has increased to 30%. To maximise offset, the Entity ‘rebalances’ and takes out additional (offsetting) derivatives so that the hedge ratio is now 0.7 (0.7 hedged item to 1 derivative). NOTE: Prior t ...
... Three months later, due to supply and demand factors, the price differential between the two grades has increased to 30%. To maximise offset, the Entity ‘rebalances’ and takes out additional (offsetting) derivatives so that the hedge ratio is now 0.7 (0.7 hedged item to 1 derivative). NOTE: Prior t ...
Gains from Stock Exchange Integration: The
... Similarly, users that previously had only indirect access to the other markets through members of the local exchange now enjoy direct access, and avoid the previous intermediation costs. This reduction in the costs of access has been particularly beneficial to those members who were not previously a ...
... Similarly, users that previously had only indirect access to the other markets through members of the local exchange now enjoy direct access, and avoid the previous intermediation costs. This reduction in the costs of access has been particularly beneficial to those members who were not previously a ...
words
... The quarters ended June 28, 2015 and June 29, 2014 are each 13-week periods. The six-month periods ended June 28, 2015 and June 29, 2014 are each 26-week periods. The results of operations for the quarter and six-month periods ended June 28, 2015 are not necessarily indicative of results to be expec ...
... The quarters ended June 28, 2015 and June 29, 2014 are each 13-week periods. The six-month periods ended June 28, 2015 and June 29, 2014 are each 26-week periods. The results of operations for the quarter and six-month periods ended June 28, 2015 are not necessarily indicative of results to be expec ...
Can Ethiopian Companies Meet the Listing Requirements of African
... requirements of African stock exchanges. The study also assessed the characteristics of Ethiopian companies (their strengths and weaknesses) in relation to stock exchanges listing requirements so as to determine the availability of qualified companies for the establishment of a stock exchange in Eth ...
... requirements of African stock exchanges. The study also assessed the characteristics of Ethiopian companies (their strengths and weaknesses) in relation to stock exchanges listing requirements so as to determine the availability of qualified companies for the establishment of a stock exchange in Eth ...
Decimalization, trading costs, and information transmission between
... where Ait (Bit) is the quoted ask (bid) price for stock i at time t, and Mit is the midpoint of the quoted ask and bid prices. Relative quoted spreads are likely to be biased estimators of trading costs, because trades do not always occur at the posted quotes. The relative effective spread (ES) meas ...
... where Ait (Bit) is the quoted ask (bid) price for stock i at time t, and Mit is the midpoint of the quoted ask and bid prices. Relative quoted spreads are likely to be biased estimators of trading costs, because trades do not always occur at the posted quotes. The relative effective spread (ES) meas ...
Three Essays on the Impacts of Risk and Uncertainty on Foreign
... Most countries in Africa are characterized with low domestic savings and do not have access to international capital markets. In addition, official loans and foreign assistance per capita to the region have decreased. These important facts have increased the significance o f FDI to Africa to achieve ...
... Most countries in Africa are characterized with low domestic savings and do not have access to international capital markets. In addition, official loans and foreign assistance per capita to the region have decreased. These important facts have increased the significance o f FDI to Africa to achieve ...
PHD thesis - Neven Vidakovic
... 4.4.5.2. Exchange rate regime switches .................................................................................................. 180 ...
... 4.4.5.2. Exchange rate regime switches .................................................................................................. 180 ...
Exchange Rate Predictability in a Changing World
... fundamentals and a near unity discount factor. However, Engel and West (2004) present evidence that even when the discount factor is near one, a class of models based on observable fundamentals can still account for a fairly large fraction of the variance in exchange rates. An example in this class ...
... fundamentals and a near unity discount factor. However, Engel and West (2004) present evidence that even when the discount factor is near one, a class of models based on observable fundamentals can still account for a fairly large fraction of the variance in exchange rates. An example in this class ...
learning and evolution of trading strategies in limit order markets
... trading strategies in limit order markets. We now summarize the main findings and discuss the main contributions of the paper. To help the discussion, we refer one-sided learning to the cases where either the informed or the uninformed traders learn and two-sided learning to the case where both the ...
... trading strategies in limit order markets. We now summarize the main findings and discuss the main contributions of the paper. To help the discussion, we refer one-sided learning to the cases where either the informed or the uninformed traders learn and two-sided learning to the case where both the ...
Macroeconomics, 10e, Global Edition (Parkin) Chapter 26 The
... 34) The law of demand in the foreign exchange market refers to the relationship between the A) exchange rate and the quantity of U.S. dollars demanded B) interest rate and the exchange rate C) interest rate and the quantity of U.S. dollars demanded D) U.S. price level and the exchange rate Answer: ...
... 34) The law of demand in the foreign exchange market refers to the relationship between the A) exchange rate and the quantity of U.S. dollars demanded B) interest rate and the exchange rate C) interest rate and the quantity of U.S. dollars demanded D) U.S. price level and the exchange rate Answer: ...
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... disburse its money even though implementation of conditions has been poor, for example because it feels that significant progress has been made, or even for political reasons. It is not surprising that authors who concentrate on proxies that examine the percentage of IMF loans agreed but left undraw ...
... disburse its money even though implementation of conditions has been poor, for example because it feels that significant progress has been made, or even for political reasons. It is not surprising that authors who concentrate on proxies that examine the percentage of IMF loans agreed but left undraw ...
The impact of dark trading and visible fragmentation on market quality
... While global liquidity benefits from fragmentation, we find that the market quality at the traditional stock exchange is worse off as local liquidity close to the midpoint reduces by approximately 10%. As such, investors without access to Smart Order Routing Technology are worse off in a fragmented ...
... While global liquidity benefits from fragmentation, we find that the market quality at the traditional stock exchange is worse off as local liquidity close to the midpoint reduces by approximately 10%. As such, investors without access to Smart Order Routing Technology are worse off in a fragmented ...
CD1. European Economy. Basic editions. 44/1990. One market, one
... effects can be assessed empirically and this is done throughout the study. For example, savings in monetary transaction costs with EMU would be comparable to savings in frontier ...
... effects can be assessed empirically and this is done throughout the study. For example, savings in monetary transaction costs with EMU would be comparable to savings in frontier ...
Ignorance and Influence: U.S. Economists on Argentina`s
... David E. Altig (vice president and director of research, Federal Reserve Bank of Cleveland) “In 1991, Argentina established a currency board that fixed a one- for-one exchange rate between pesos and the U.S. dollar. To guarantee free conversion at this rate, the Convertibility Law that established t ...
... David E. Altig (vice president and director of research, Federal Reserve Bank of Cleveland) “In 1991, Argentina established a currency board that fixed a one- for-one exchange rate between pesos and the U.S. dollar. To guarantee free conversion at this rate, the Convertibility Law that established t ...
Does high-frequency trading improve market quality?
... financial markets have further transformed the computer trading system, and thus have increased the speed for order acceptance notices as well as for information distribution of transaction prices and quotes to stock traders. For example, on January 4, 2010, the Tokyo Stock Exchange introduced the A ...
... financial markets have further transformed the computer trading system, and thus have increased the speed for order acceptance notices as well as for information distribution of transaction prices and quotes to stock traders. For example, on January 4, 2010, the Tokyo Stock Exchange introduced the A ...
Accounting for Real Exchange Rates using Micro
... and not to services because the NIPA data treat the market for services as an arms-length transaction between the service provider and the end consumer. That is, a medical bill paid by a consumer or health insurance company would be recorded as having no distribution margin (or non-traded inputs) by ...
... and not to services because the NIPA data treat the market for services as an arms-length transaction between the service provider and the end consumer. That is, a medical bill paid by a consumer or health insurance company would be recorded as having no distribution margin (or non-traded inputs) by ...
Is the Crisis Problem Growing More Severe?
... that crisis frequency since 1973 has been double that of the Bretton Woods and classical gold standard periods and is rivaled only by the crisis-ridden 1920s and 1930s. History thus confirms that there is something different and disturbing about our age. However, there is little evidence that crises ...
... that crisis frequency since 1973 has been double that of the Bretton Woods and classical gold standard periods and is rivaled only by the crisis-ridden 1920s and 1930s. History thus confirms that there is something different and disturbing about our age. However, there is little evidence that crises ...
currency boards for developing countries
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
Currency Boards for Developing Countries
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
... sound currency is one that is stable, credible, and fully convertible. Stability means that current annual inflation is relatively low, usually in single digits. Credibility means that the issuer creates confidence that it will keep future inflation low. Full convertibility means that the currency c ...
Option Trading: Information or Differences of
... Schwartz and Subrahmanyam, 2008). However, equally convincing evidence was also presented by other authors who showed that 1) informed trading doesn’t exist in options (Vijh, 1990), 2) the option volume does not lead stock prices (Chan, Chung and Johnson, 1993; and Chan, Chung and Fong, 2002), and ...
... Schwartz and Subrahmanyam, 2008). However, equally convincing evidence was also presented by other authors who showed that 1) informed trading doesn’t exist in options (Vijh, 1990), 2) the option volume does not lead stock prices (Chan, Chung and Johnson, 1993; and Chan, Chung and Fong, 2002), and ...