In spite of the strong existence of price limits in financial markets, there is not much agreement and information on the effects of price limits on volatility and price discovery, which has important policy implications for the investors and regulators. This study examines the effects of price...

This paper presents a way of constructing several efficient portfolios at the Bucharest Stock Exchange, as well as a risk analysis of the respective portfolios. Therefore, the study is divided into two parts. The first part deals with the construction of optimal portfolios by using the cut-off...

Varolan teorik ve ampirik literatür reel döviz kurunun ve kurdaki oynaklığın ihracat performansı üzerindeki önemli etkisini açıkça ortaya koymaktadır. Oysa Euro – Dolar paritesindeki oynaklığın etkileri literatürde tartışmalıdır. Bazı araştırmacılar son zamanlarda...

The paper investigates the presence of non-linear dependencies in stock returns for the Norwegian equity market as it is very difficult to interpret the unconditional distribution of stock returns and its economic implications if the i.i.d. assumption is violated. Standard tests of non-linear...