Titlebook: An Empirical Investigation of Stock Markets; The CCF Approach Shigeyuki Hamori Book 2003 Springer Science+Business Media New York 2003 Germ

羽毛长成

microscopic

很是迷惑

interlude

Summary and Future Research Directions,This chapter summarizes the contents of the other chapters in this volume and comments on the possible directions of future research.

tattle

包租车船

Stock Prices Across International Markets: A Traditional Approach,equity price movements across markets. The major world economies are now interdependent through trade and investment. Therefore, news about economic fundamentals in one country has implications for equity prices in other countries. Karolyi and Stulz (1996, p. 951) pointed out that increased internat

MANIA

Stock Prices Across International Markets: The CCF Approach, there is a growing literature on the linkages between conditional variances across financial markets and their implications for information transmission mechanisms. This chapter extends the previous analysis and examines the transmission mechanisms for the conditional first and second moments in st

时代

Stock Prices and Effective Exchange Rates, in 1973 heralded a new era of increased exchange rate volatility. Inevitably, firms’ exposure to foreign exchange rate risks increased. The literature identifies three types of risk that exist under floating exchange rate regimes: transaction exposure, economic exposure, and operating exposure.. Tr

实现

Stock Prices, Effective Exchange Rates, and Real Economic Activities,e discount model shows that the fundamental value of a firm’s stock equals the present value of expected future dividends. Future dividends must ultimately reflect real economic activity. If all currently available information is taken into account, there should be a close relationship between stock

POINT

1385-7568 ip among stock prices, exchange rates, and real economic activities. Chapter 6 summarizes the main results obtained in each chapter and comments on the possible directions of future research. .978-1-4613-4838-2978-1-4419-9208-6Series ISSN 1385-7568