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in Fiji, and explore its determinants. We find that stock prices cluster at the decimal of 0 and 5, with almost half of … evidence that political instability in Fiji induces price clustering behaviour. …
Persistent link: https://www.econbiz.de/10010868914
contributes to this growing empirical literature by studying the case in Fiji, which has faced a long period of political … a counterfactual (or synthetic Fiji) that predicts the growth of a politically stable Fiji. The difference in per capita … growth trajectories of the synthetic and the actual Fiji can thus be attributed as the impacts of political instability. Our …
Persistent link: https://www.econbiz.de/10010906134
Fiji, and explore its determinants. We find that stock prices cluster at the decimal of 0 and 5, with almost half of prices … that political instability in Fiji induces price clustering behaviour …
Persistent link: https://www.econbiz.de/10013106925
Persistent link: https://www.econbiz.de/10013164311
This discussion paper resulted in an article in the 'European Economic Review' (2006). Volume 50, issue 8, pages 1937-1950.<P> The main contribution of this study is the finding that round numbers can act aspricebarriers for individual stocks. In addition, a first step is made to explain this and...</p>
Persistent link: https://www.econbiz.de/10011257650
Persistent link: https://www.econbiz.de/10008925198
This paper studies a period containing three major structural changes, which constitute a natural experiment in the NYSE.Euronext-LIFFE European short-term interest rate (STIR) futures market. These changes comprise (1) a 50% reduction in minimum tick size for the most heavily traded contract,...
Persistent link: https://www.econbiz.de/10009213931
In a perfectly liquid market, investors’ optimal allocation decisions refer to maximizing all three dimensions of liquidity, namely immediacy, width and depth. To the extent that investors fail to accommodate size (depth) along with price (width) in their optimal allocation decisions, their...
Persistent link: https://www.econbiz.de/10010747595
The Taiwan Stock Exchange Corporation (TSEC) started to disclose information on the best five bid/ask prices and volumes ever since January 2, 2003. With such disclosure, investors can now judge the market conditions according to the limit order book information and then decide their order...
Persistent link: https://www.econbiz.de/10010961449