TAILIEUCHUNG - FINANCIAL ADVICE AND STOCK MARKET PARTICIPATION

The analysis of weekly price indices in Kuwait, Bahrain, and Oman stock markets showed that: (1) share prices were cointegrated with one cointegrating vector and two common stochastic trends driving the series, which indicates the existence of a stable, long-term equilibrium relationship between them; and (2) prices were not affected by short-term changes but were moving along the trend values of each other. Therefore, information on the price levels would be helpful for predicting their changes. Omran (2003) focused on examining the impact of real interest rates as a key factor in the performance of the Egyptian stock market,. | EUROPEAN CENTRAL BANK EUROSYSTEM CONFERENCE ON HOUSEHOLD FINANCE AND CONSUMPTION WORKING PAPER SERIES NO 1296 I FEBRUARY 2011 FINANCIAL ADVICE AND STOCK MARKET PARTICIPATION by Dimitris Georgarakos and Roman Inderst EUROPEAN CENTRAL BANK EUROSYSTEM WORKING PAPER SERIES NO 1296 I FEBRUARY 2011 CONFERENCE ON HOUSEHOLD FINANCE AND CONSUMPTION FINANCIAL ADVICE AND STOCK MARKET PARTICIPATION by Dimitris Georgarakos 1 and Roman Inderst 2 In 2011 all ECB publications feature a motif taken from the 100 banknote. NOTE This Working Paper should not be reported as representing the views of the European Central Bank ECB . The views expressed are those of the authors and do not necessarily reflect those of the ECB. This paper can be downloaded without charge from http or from the Social Science Research Network electronic library at http abstract_id 1641302. Ì University of Frankfurt and CFS Gruneburgplatz Ì 60323 Frankfurt am Main Germany e-mail georgarakos@ 2 University of Frankfurt IMFS and Imperial College London. Gruneburgplatz I 60323 Frankfurt am Main Germany e-mail inderst@ CONFERENCE ON HOUSEHOLD FINANCE AND CONSUMPTION This paper was presented at the conference on Household Finance and Consumption which was co-organised by the Banque centrale du Luxembourg and the ECB and was held on 25-26 October 2010 in Luxembourg. The organising committee consisted of Michael Ehrmann ECB Michalis Haliassos CFS and Goethe University Thomas Matha Banque centrale du Luxembourg Peter Tufano Harvard Business School and Caroline Willeke ECB . The conference programme including papers can be found at http events conferences html joint ecb . The views expressed in this paper are those of the authors and do not necessarily reflect those of the Banque centrale du Luxembourg the ECB or the Eurosystem. European Central Bank 2011 Address Kaiserstrasse 29 60311 Frankfurt am Main Germany Postal .

• Đầu tư Chứng khoán
• support and pressures
• government mandates
• Premature and Sick Newborn
• Long Term Effects
• Breastfeeding
• Breastfeeding and Infant Growth
• Support pressures
• Dramatic growth
• Environmental degradation
• Tunnel construction
• Traffic congestion