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Die Theorie der fairen geometrischen Rendite

Sonntag, Dominik - 2018

The theory of fair geometric returns, F theory for short, rejects the generally accepted notion that volatility is the risk of risky assets. Instead, it claims that capital market volatility, in turn, constitutes the maximum achievable geometric return. In order to get to the point, F theory, in...

Persistent link: https://www.econbiz.de/10015260519

Provocări pentru Finanţele Comportamentale în contextul COVID-19

Dumitriu, Ramona; Stefanescu, Răzvan - 2020

The recent coronavirus disease 2019 (COVID-19) generated some non-routine problems, characterized by a high degree of uncertainty which makes difficult the solving by the full rational decision making models. In the field of finance, such problems are those associated to the fiscal and monetary...

Persistent link: https://www.econbiz.de/10015267127

Stock Market Volatility Analysis using GARCH Family Models: Evidence from Zimbabwe Stock Exchange

Bonga, Wellington Garikai - 2019

Understanding the pattern of stock market volatility is important to investors as well as for investment policy. Volatility is directly associated with risks and returns, higher the volatility the more financial market is unstable. The volatility of the Zimbabwean stock market is modeled using...

Persistent link: https://www.econbiz.de/10015264181

Social Choice and Institutionalism

Obregon, Carlos - 2023

The main thesis in this manuscript is that a social choice theory based on aggregating individual preferences and values is insufficient to confront the social choices that today’s world is facing. It is defended in here that institutions play a critical role in any social choice, and that the...

Persistent link: https://www.econbiz.de/10015214328

Systemic Liquidity Crisis with Dynamic Haircuts

Sever, Can - 2014

In this paper, using network tools, I analyse systemic impacts of liquidity shocks in interbank market in case of endogenous haircuts. Gai, Haldane and Kapadia (2011) introduce a benchmark for liquidity crisis following haircut shocks, and Gorton and Metrick (2010) reveal the evidence from...

Persistent link: https://www.econbiz.de/10015242271

Herd behavior towards the market index: evidence from Romanian stock exchange

Pop, Raluca Elena - 2012

describe the time-varying behavior of stocks betas. Through the estimated values, the evolution of the herding measure …, especially the pattern around the beginning of the subprime crisis is examined. Herding towards the market shows significant … subprime crisis reduces herding and is clearly identified as a turning point in herding behavior. …

Persistent link: https://www.econbiz.de/10015239740

Stock returns predictability and the adaptive market hypothesis in emerging markets: evidence from India

Hiremath, Gourishankar S; Kumari, Jyoti - 2014

This study addresses the question of whether the adaptive market hypothesis provides a better description of the behaviour of emerging stock market like India. We employed linear and nonlinear methods to evaluate the hypothesis empirically. The linear tests show a cyclical pattern in linear...

Persistent link: https://www.econbiz.de/10015244034

Financial crisis in The Arcades Project of Walter Benjamin

Estrada, Fernando - 2014

The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...

Persistent link: https://www.econbiz.de/10015244097

Rescate y costos del riesgo financiero

Estrada, Fernando - 2014

First externalities risk due to the size of the companies or the principle that large companies are also at risk of bankruptcy (too big to fail) are examined. The problem is illustrated by a case in which extreme risks with negative consequences for savers and investors are taken. If we...

Persistent link: https://www.econbiz.de/10015244293

R, Sreelakshmi; Sinha, Apra; Mandal, Sabuj Kumar - 2021

Akin to the global markets, the Indian stock market also nosedived in response to the COVID-19 pandemic. However, this drastic fall was not persistent; rather a sharp recovery was witnessed as a result of sweeping investor enthusiasm and wide-ranging speculation. In this paper, we explore the...

Persistent link: https://www.econbiz.de/10015253563