Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
3401
1
0
9 trang
A broad literature on theoretical and empirical nance concludes that major price adjust-
ment of liquid assets happens at least within one day. This is formalised in the random
walk hypothesis, which implies returns uncorrelated with lagged variables. Whether or
not this hypothesis is exactly ful lled, in daily data most commonalities in terms of cross-
correlations appear to be contemporaneous. The main contribution of the underlying
paper lies in disentangling the sources of these correlations between the di erent Chinese
stock markets, as there are common factors, spillovers in one and such in the other di-
rection. In this, we can fully account for the concepts of informational...
Nội dung trích xuất từ tài liệu:
Department of Economics Issn 1441-5429 Discussion paper 01/11
