A comparative analysis of response of international capital markets to political upheaval

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Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/9410

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DC Field	Value	Language
dc.contributor.author	Barua, Samir K.
dc.contributor.author	Gujarathi, M. R.
dc.contributor.author	Varma, Jayanth R.
dc.date.accessioned	2010-10-07T06:46:49Z
dc.date.available	2010-10-07T06:46:49Z
dc.date.copyright	1996
dc.date.issued	2010-10-07T06:46:49Z
dc.identifier.uri	http://hdl.handle.net/11718/9410
dc.description	Global Business and Finance Review, Vol. 2, No. 1, (Spring 1997), pp. 51 - 60	en
dc.description.abstract	One explanation for the apparent excessive volatility of stock prices, not justified by fundamentals, could be that prices sometimes react in anticipation of shocks which do not actually materialize. The most dramatic examples of such shocks are fleeting political upheavals such as the abortive coup of August 1991 in the Soviet Union. Our analysis of the responses of several stock markets to this coup suggests that price fluctuations induced by fleeting political events can partially explain the excessive volatility of stock markets. Our finding of major differences in adjustment processes between different stock markets has implications for international capital market integration.
dc.language.iso	en	en
dc.subject	Capital Market	en
dc.subject	Stock Markets	en
dc.title	A comparative analysis of response of international capital markets to political upheaval	en
dc.type	Article	en
Appears in Collections:	Journal Articles

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