Stock Prices Financial Markets 8 potx
Stock Prices Financial Markets_4 potx
... a ‘‘correct’’ stock price. Only when there is new
66 The Stock Market
Five
Recent Innovations in Stocks
and Stock Markets
Many investors in the United States do not directly own stocks. Rather, ... stock refers to buying the stock. Going short in a stock refers to
borrowing a stock from another party and then selling the stock in the market.
The borrower sells the stock ini...
Stock Prices Financial Markets_8 potx
... breaker, 93–94, 1 28
Closed-end fund discount, 1 28
Closed-end fund premium, 1 28
Closed-end funds, 71–72, 1 28
Common stock, 41, 45, 46, 1 28;
options contracts, 82
Contagion, 86 , 1 28
Corporate board ... 12
OneChicago, 80
Open-ended mutual funds, 70–71, 130
Option premium, 72, 80 , 82 , 83 , 130
Options contract, 80 83 , 130
Out-of-the-money option, 81 , 130
Over-the-count...
Stock Prices Financial Markets_1 pptx
... electric stock ticker, introduced in 186 7, accelerated the transmission
12 The Stock Market
187 0. On this day Gould’s failure led to a sharp decline in gold prices and
with them a decline in stock prices. ... increase in 1927, stock prices were quite choppy in 19 28. In the
early months of the year, stocks surged ahead on heavy trading volume. By
early summer, however, retreat...
Stock Prices Financial Markets_2 pdf
... Monday: The Catastrophe of October 19, 1 987 and
Beyond (New York: William Morrow, 1 988 ), 74.
17. Ibid., 88 .
18. Ibid.
19. Robert T. Parry, ‘‘The October 87 Crash Ten Years Later,’’ Federal Reserve
Bank ... market open.’’
19
The 1 987 crash brought about
28 The Stock Market
Three
Stocks in Today’s Economy
Stocks are financial securities that represent claims of ownership. A stock-
h...
Stock Prices Financial Markets_3 doc
... performance of stock
prices in their countries. The FTSE 100, for example, measures stock prices
for 100 companies traded on the London Stock Exchange. The Nikkei 225
index similarly measures stock prices ... in excess of $80 ,000 per share. If
Berkshire Hathaway’s stock was in the DJIA, it would have a weight of at least
80 0 times the other stocks in the index. This is beca...
Stock Prices Financial Markets_5 pot
... to push stock prices
higher. Stating earnings to be higher than expected (or than they actually are)
raises a firm’s stock price and, for those who hold it, gives them the unfair
86 The Stock Market
option ... banks.
Regulation of the Stock Market 89
and not with developments in the stock market, per se. So what defined the
earlier crashes—the rapid and steep decline in stock...
Stock Prices Financial Markets_6 ppt
... from 1 48 in 1970 to 2 ,88 1 by 1 989 . In
similar fashion, the better-known Nikkei 225 index increased a staggering
1 ,85 8 percent between 1970 and 1 989 . (By comparison, the Dow Jones
Stock Markets ... example,
the Boston Stock Exchange, founded in 183 4, is the third-oldest operating
Stock Markets Abroad 115
STOCK MARKETS AND ECONOMIC GROWTH
It would seem that having a st...
Stock Prices Financial Markets_7 pptx
... (2004).
8. Gerald P. Dwyer, Jr. and R.W. Hafer. ‘‘Are National Stock Markets Linked?’’
Federal Reserve Bank of St. Louis, Review (November/December 1 988 ): 3–14.
9. Ross Levine and Sara Zervos, ‘ Stock ... Zervos, ‘ Stock Markets, Banks and Economic
Growth,’’ American Economic Review 88 , no. 3 (19 98) : 537– 58.
10. Scott L. Baier, Gerald P. Dwyer, Jr., and Robert Tamura. ‘‘Does O...
The Economics of Small Business Finance: The Roles of Private Equity and Debt Markets in the Financial Growth Cycle potx
... the
probability that credit would be extended (Cole 19 98) . Cole also found that the breadth of the relationship
28Supporting this notion, it was found that 88 .8% of small business borrowers with lines of ... lender, and may help prevent credit rationing
(Stiglitz and Weiss 1 981 , 1 986 , Bester 1 985 , Chan and Kanatas 1 985 , Besanko and Thakor 1 987 a,b).
Similarly, pledging outside co...
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