Provides a practical understanding of issues surrounding the efficiency, volatility, and integration of equity markets and their interaction with special applications to developed and developing countries. Investigates whether the opening of emerging markets to foreign investors is facilitating the efficiency and integration of these markets with global markets, and performs a case study on the equity market in Korea to understand the extent of the impact of equity market liberalization on domestic market fundamentals. Contains chapters on predicting stock returns using components of output, recessionary and non-recessionary markets, stock market bubbles, and macroeconomic determinants of emerging stock markets. Annotation copyrighted by Book News, Inc., Portland, OR1 have (so far) ended after the record number of trading days (for the most enduring bubble in that particular bull ... 4.3 A TRADING STRATEGY BASED ON STOCK MARKET VOLATILITY When the average percentage gain from one bubble peak to the next bubble peak in column (3) of Table 4. ... On March 8, 1993, for example, the Saamp;P index closed at a new historic high of 454.71 after recovering from aanbsp;...
|Title||:||Studies on the Behavior of Equity Markets|
|Publisher||:||Taylor & Francis - 1998|