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Investment demand for regional economic development led to the use of increasingly diversified financial instruments. The local authorities in the capital market were achieved through municipal bonds, the most used financial vehicle in the category of fixed income instruments. In this paper is...
Persistent link: https://www.econbiz.de/10011539336
This paper documents that ECB announcements increase the stock market volatility in the euro area (EA) on the same day. I consider two volatility measures from January 1998 to May 2019. First, a realized volatility measure uses intraday data for 8 different stock market indices. Second, a range...
Persistent link: https://www.econbiz.de/10012286218
The purpose of this paper is to determine the factors that shape the liquidity levels of euro area sovereign bonds. The values of liquidity measure and explanatory variables were calculated from the limitorder book dataset for almost five hundred bonds from six largest euro area sovereign bond...
Persistent link: https://www.econbiz.de/10011989217
This paper introduces Information Theoretic - based methods for estimating a target variable in a set of small … level, and then of employing the estimated coefficients to obtain the sub-group level indicators. The Information Theoretic …-sample information from theory and/or empirical evidence can be introduced in the form of known probabilities by means of the cross …
Persistent link: https://www.econbiz.de/10011548719
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PCT-applications per capita) and information infrastructure (number of cell phones and computers with Internet access per … and information infrastructure, which grew throughout the 2000s, hold the largest share in the variation of the RKEI. We … carried out for the whole period from 1998 to 2012 to review the dynamics. The highest level of the RKEI in 1998 (in …
Persistent link: https://www.econbiz.de/10011476219
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This paper analyses a local marketing campaign that provided information about unproven age-re-lated stereotypes and … comprehensive register data, we find that the information provided by the campaign (via banners, interviews, job fairs and … information brochures) did change firms' employment behavior. The cheap and mild intervention increased the employment rate of …
Persistent link: https://www.econbiz.de/10012230966
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