000			03108nam a22004815i 4500
001			978-3-7908-2666-1
003			DE-He213
005			20161121230906.0
007			cr nn 008mamaa
008			121227s2005 gw | s |||| 0|eng d
020			_a9783790826661 _9978-3-7908-2666-1
024	7		_a10.1007/978-3-7908-2666-1 _2doi
050		4	_aHG1-HG9999
072		7	_aKFF _2bicssc
072		7	_aBUS027000 _2bisacsh
082	0	4	_a332 _223
100	1		_aIslam, Sardar M. N. _eauthor.
245	1	0	_aEmpirical Finance _h[electronic resource] : _bModelling and Analysis of Emerging Financial and Stock Markets / _cby Sardar M. N. Islam, Sethapong Watanapalachaikul.
264		1	_aHeidelberg : _bPhysica-Verlag HD : _bImprint: Physica, _c2005.
300			_aXIV, 201 p. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	1		_aContributions to Economics, _x1431-1933
505	0		_a1 Introduction -- 2 The Thai Financial System: Characteristics of the Emerging Thai Stock -- 3 Descriptive Statistics and General Characteristics of the Stock Market -- 4 Market Efficiency Models and Tests -- 5 Stock Valuation Models -- 6 Models for Rational Speculative Bubbles -- 7 Models for Anomalies Studies -- 8 Volatility Models -- 9 Summary and Conclusions -- Appendix 1 Structure of Financial Institutions in Thailand -- Appendix 2 Market Efficiency and ARIMA Test Results -- Appendix 3 Regression Test Results -- List of Figures -- List of Tables -- List of Appendices -- About the Authors.
520			_aThe emphasis of this book is on understanding special characteristics of the financial systems of emerging markets, where the existence of market imperfections such as asymmetric information, adverse selection and moral hazard can cause financial market failures. Considering the Thai stock market as an example, this book provides an econometric study of a typical Asian financial system. Many contemporary techniques and models are used in this study, including simple multivariate regression, multi-factor model, exponential smoothing, Holt Winter’s models, and GARCH type models. The findings of the existence of rational bubbles, anomalies, volatility and other characteristics reveal evidence of inefficiency in the Thai stock market. Based on these results, the book includes justifications for public policies in such economies and makes suggestions for further research areas.
650		0	_aFinance.
650		0	_aEconometrics.
650		0	_aDevelopment economics.
650	1	4	_aFinance.
650	2	4	_aFinance, general.
650	2	4	_aEconometrics.
650	2	4	_aDevelopment Economics.
700	1		_aWatanapalachaikul, Sethapong. _eauthor.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9783790815511
830		0	_aContributions to Economics, _x1431-1933
856	4	0	_uhttp://dx.doi.org/10.1007/978-3-7908-2666-1
912			_aZDB-2-SBE
950			_aBusiness and Economics (Springer-11643)
999			_c505498 _d505498