Stock Prices Financial Markets 8 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... 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...

Ngày tải lên: 22/06/2014, 17:20

... (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...

Ngày tải lên: 22/06/2014, 17:20

Ngày tải lên: 07/02/2013, 09:32

... 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...

Ngày tải lên: 15/03/2014, 21:20