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Which short-selling regulation is the least damaging to market efficiency? Evidence from Europe
Bernal, Oscar; Herinckx, Astrid; Szafarz, Ariane - In: International Review of Law and Economics 37 (2014) C, pp. 244-256
Exploiting cross-sectional and time-series variations in European regulations during the July 2008–June 2009 period, we show that: (1) prohibition on covered short selling raises bid-ask spread and reduces trading volume, (2) prohibition on naked short selling raises both volatility and...
Persistent link: https://www.econbiz.de/10010752945
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Announcements, financial operations or both? : generalizing central banks' FX reaction functions
Bernal, Oscar; Gnabo, Jean-Yves - In: Journal of the Japanese and international economies : … 23 (2009) 4, pp. 367-394
Persistent link: https://www.econbiz.de/10003921474
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Volatility expectations and asymmetric effects of direct interventions in the FX market
Beine, Michel - In: Journal of the Japanese and international economies : … 17 (2003) 1, pp. 55-80
Persistent link: https://www.econbiz.de/10001757985
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La persistance des chocs de volatilité sur le marché des changes s'est-elle modifiée depuis le début des années 1980?
Beine, Michel; Laurent, Sébastien - In: Revue économique : revue bimestrielle 51 (2000) 3, pp. 703-711
Persistent link: https://www.econbiz.de/10001504532
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Official central bank interventions and exchange rate volatility : evidence from a regime-switching analysis
Beine, Michel; Laurent, Sébastien; Lecourt, Christelle - In: European economic review : EER 47 (2003) 5, pp. 891-911
Persistent link: https://www.econbiz.de/10001802776
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The impact of central bank intervention on exchange-rate forecast heterogeneity
Beine, Michel; Bénassy-Quéré, Agnès; Dauchy, Estelle; … - 2002
Persistent link: https://www.econbiz.de/10001669775
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Central bank intervention and foreign exchange rates : new evidence from FIGARCH estimations
Beine, Michel; Bénassy-Quéré, Agnès; Lecourt, Christelle - In: Journal of international money and finance 21 (2002) 1, pp. 115-144
Persistent link: https://www.econbiz.de/10001640060
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The impact of Central Bank intervention on exchange-rate forecast heterogeneity
Beine, Michel; Bénassy-Quéré, Agnès; Dauchy, Estelle; … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001724087
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The impact of FX central bank intervention in a noise trading framework
Beine, Michel (contributor); De Grauwe, Paul (contributor);  … - 2005
In this paper we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and fundamentalists forecast a mean reverting dynamics of the exchange rate towards a...
Persistent link: https://www.econbiz.de/10003113337
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The impact of FX central bank intervention in a noise trading framework
Beine, Michel; De Grauwe, Paul; Grimaldi, Marianna - 2005
In this paper we investigate the effects of central bank interventions (CBI) in a noise trading model with chartists and fundamentalists. We first estimate a model in which chartists extrapolate past returns and fundamentalists forecast a mean reverting dynamics of the exchange rate towards a...
Persistent link: https://www.econbiz.de/10003090615