During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several 'new' equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...

This article reviews the use in the flotation of Standard Life plc of the prospectus passport for cross-border offers of securities within the EU that was introduced by the Prospectus Directive (2003). The Standard Life flotation was a major test for the new law on prospectuses and, overall, it...

This paper aims to search the high volatility of stock prices in stock market crises produced by adverse information, throughout investigating the links between stock price volatility and the institutional features of the major stock exchanges as exist in practice. The study finds that the...

We investigate the relative information content of six measures of dependence between two random variables X and Y for large or extreme events for several models of interest for financial time series. The six measures of dependence are respectively the linear correlation and Spearman's rho...

Emerging markets literature reveals that capital market liberalisation transforms segmented stock markets into more integrated ones. However further impact should be expected on the dynamics of the rest of the domestic economy and its relation to stock markets. This study presents evidence to...

The changes occurring in enterprises’ environments exert a substantial influence on their functioning. The ever growing dominance of the financial sphere vis-à-vis the real one has increased the scale of potential threats. The last crisis, which, in the opinion of many people, has already...

General Banking section is starting point of all the banking process. Various kinds of activities are performed by this section like account opening, fund transfer and maintenance etc. Local and foreign remittance is maintained by this section. To accomplish the activities of this section,...

This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...

The COVID-19 pandemic led many emerging market central banks to adopt, for the first time, unconventional policies in the form of asset purchase programs. In this study, we analyze the effects of these announcements on domestic financial markets using both event studies and local projections...