[PDF] Top 20 Three Essays in Financial Markets

... risk in the carry trade, it does not provide intuition on what is the fundamental risk source that justi…es its ...innovation in the TED spread and in the VIX as factors proxying for liquidity and ... See full document

... of financial-markets-related in- ...large, in most cases negative effect on CEO pay for both TDC1 and ...career in smaller firms (in worse economic times) earn on average ... See full document

... When we compared the mean PGR/PLR ratios for built-in agents who had above three investment strategies with the mean PGR/PLR ratios for the newly built agents w[r] ... See full document

... perspectives for the coming years with regard to access to international capital markets are determined by at least three elements: the actual effects of the rece[r] ... See full document

... of financial analysts instead of a smaller sample size of students that graphs are relevant decision aids to tasks related to the interpretation of numerical ...on financial analysts’ accuracy on decision ... See full document

... all three ‘routes’ led to financial crises in ways that have little to do with the financial processes described in the most popular mainstream models of financial crises — ... See full document

... the three subsamples, each model consisting of the seven national equity ...indices in France, Italy and the Netherlands, while positive developments in the Spanish market increase stock prices ... See full document

... countries. In Latvia, a rather limited reversal of the financial sector liberal- ization is observed from mid 1996all the way to early 2003: resulting from the 1996 banking crisis, specific aggregate ... See full document

... Modeling trade credit has been used to fundament theories that may explain firms’ credit extension behavior. Schwartz (1974) modeled the finance theory for credit extension which supports that firms with relatively ... See full document

... bearing in mind that emotions are individual for ...has three main variables that seek to measure individuals’ sentiments about the market’s ...variables in order to give a measure of ... See full document

... that in low income countries there is no significant rela- tionship between financial development and growth whereas in high income countries they find that this relationship is positive and strongly ... See full document

... is financial stability where there is: a) monetary stability; b) the level of employment is close to the natural level; c) confidence in the functioning of financial institutions and markets ... See full document

... securities in time to make delivery to the buyer within the standard three- day settlement ...increase in short selling activity both before and after the issue of a ...disclosure. In line ... See full document

... being in range ...particle in a box. With this specification in mind, should not be a surprise that the deduced time independent equation for stock prices exactly matches the time independent ... See full document

... impact in the financial depth coefficient, the two variables chosen were the dummies PIIGS and Euro 6 ...the financial deepening has a higher impact in these countries, since they have to ... See full document

... scenario in comparison to the previous two is more ...the financial institutions’ assets and liabilities to the tests, these would go under scrutiny to assess their ...errors in the accounting, ... See full document

... increasingly impacted commodity futures prices (although in a non-bubble manner). The researchers who have debated more are Irwin and Sanders claiming limited traces of this linkage, moving important criticisms on ... See full document

... trend in the quartiles’ relationship, but this trend has a low slope which means that the observed values at each quartile are generally greater for the Earnings sample, as predicted from the analysis of the mean ... See full document

... that, in accordance to a preferred habitat theory of the term structure, the supply of long- relative to short-term bonds helps to explain future bond excess ...returns. In addition to this variable, they ... See full document

... periods, in the two main evaluation periods (SO=36 and SO=48), unlike the No-change method in the first evaluation period ...differ in the number of lags, we decided that the DAAR method using ... See full document