The paper argues on the basis of increasing interdependence of the world financial markets, and the dominant role played by the US market that, if the US stock market suffers from money illusion, then the developed international markets must also suffer from money illusion. The empirical analysis...
Trading in stocks began on an informal basis in 1953 when the government launched its "Land to the Tillers" program. The objective of the program was for government to buy land from large landowners and distribute it equitably among farmers with no land of their own. Rather than money, ...
on the chart of all the countrys where does spain come in for income 2 vicky ⚠ hi i need to know about what is on Spain's money and what is it made from 3 kishor kumar ⚠ Hi i ned to know about what is on spain's money and what is it made from Comment about this articl...
The former coincide with the few empirical results that are robust in the literature (effects on prices, risk premia, and volatility), while the latter coincide with the ones that differ experiment by experiment (effects on volume, correlation between volume and volatility, and market informational...
Attitudes were measured using Likert-type responses to 11 statements, and knowledge as a score on a ten-question true/false test. Positive relationships between information and the three main response variables (attitude, knowledge, and adoption) were weak but significant and systematic. These ...
This paper applies Panzar and Rosse's (1987) econometric test of market structure to examine two long-debated issues: What is the market structure for physician services? Do more physicians in a market area raise the search cost of obtaining consumer information and increase prices (Satterthwaite,...
On the other hand, the signal reduces local investors’ information advantage about payoffs. Our analysis shows that in a world where local private information is strong enough that home bias holds, as in the data, the second effect is always stronger, and both types of signals induce US ...
Money and Business Cycles: A Real Business Cycle Interpretation This paper focuses on the role of money in economic fluctuations. While money may play an important role in market economies, its role as an important impulse to business cycles remains a highly controversial hypothesis. For years econ...
An empirical investigation of the relationship between market share or concentration and return on equity or assets provides evidence for the existence of ... LW Punt,MCJV Rooij - Netherlands Central Bank, Research Department 被引量: 29发表: 1999年 Delivery Networks and Pricing Behaviour in Banking...
Market information Are you considering entering the Norwegian market? Are you already active in Norway and need tips, advice or support with your next steps? Do you have technical or regulatory questions? In this section we provide you with guides, checklists and background information on doing ...