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The 'irrational exuberance' in the financial markets has been blamed for the recent subprime crisis and the consequent collapse of the global economy in 2008. This study argues that the relationship between measures of stock market 'macro deepness' and 'macro liquidity' can indicate development...
Persistent link: https://www.econbiz.de/10013106862
This study demonstrates the existence of economically significant information spillovers between stock markets and markets for shipping freight by sea. Using multivariate correlation models on the returns of the Dow Jones Industrial Average (DJIA) and the Baltic Dry Index (BDI), we find mutual...
Persistent link: https://www.econbiz.de/10010588172
Persistent link: https://www.econbiz.de/10009693298