Abstract
Through a structural vector autoregression model the effect of the European and US stock exchanges on the Athens stock exchange (ASE) is examined. Consistent with other studies on the effect of large stock markets on smaller regional ones, we find that both the European and US stock exchanges affect ASE, with the European markets exhibiting greater and more immediate effect.
| Original language | English |
|---|---|
| Pages (from-to) | 133-36 |
| Number of pages | 4 |
| Journal | Applied Financial Economics Letters |
| Volume | 3 |
| Issue number | 1-3 |
| Publication status | Published - 2007 |
Keywords
- Asset Pricing
- Portfolio Choice
- International Financial Markets (G150)
- Trading volume
- Event Studies (G140)
- Information and Market Efficiency
- Bond Interest Rates (G120)
- Investment Decisions (G110)