We examine the performance of technical trading rules in Chinese domestic A-share and foreign B-share markets. After controlling for non-synchronous trading and transaction costs, we find evidence to support the predictability and profitability of some of the most popular technical trading rules...

This study examines the return behavior of 15 emerging equity markets for persistent deviations from the fundamental value hypothesis. The duration dependence test shows that rational expectations bubble do not cause deviations from fundamental value in any of the markets. Markov chain test...

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...

Changes in the financial market and attempts at implementation of prudential regulation proposals after the recent financial crisis resulted in the scientific conference entitled International Conference on Management, Banking and Finance, held at the Faculty of Management, University of Warsaw,...

The MICEX index fell to 1413.8 points by the 17th of December, following the fi ve-year highs early in December. It is only VTB’s shares that demonstrated growth among highly liquid shares during the same month. The stock market capitalization as of the 19th of December amounted to Rb 22,3...

Returns on LBOs are on average higher for developed economies. However, returns of LBOs during high economic growth periods are high for developing economies relative to developed economies. Onthe other hand returns in developing nations are lower when compared to the returns in developed...

In this article we offer a principally new method of brand valuation. Let's mention the bounds of application of this approach. The method can be used for the companies which have the brand, the mature market of the common shares and the market of share depositary receipt. The core of the method...

В марте стали проявляться признаки стабилизации ситуации на внутрироссийском рынке корпора- тивных облигаций, а именно: рост зафиксировали такие ключевые...

К январю 2014 г. российский рынок не восстановился до максимальных значений фондовых индексов, зафиксированных незадолго до кризиса 2008 г. В отличие от кризиса...

In October 2014, the MICEX Index saw a downtrend caused by falling crude oil prices. The MICEX Index lost 1.4% in the period between October 1 thru October 24 . The MICEX capitalization amounted to Rb 22,0 trillion as of October 24 (34.0% of GDP). The acceleration of the average weighted yield...