Title of article
Operational time of the Korea stock markets
Author/Authors
In-Moo Kim، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
5
From page
181
To page
185
Abstract
The effect of historical events on the speed of price evolution is analyzed by estimating multiple structural breaks in the regression for operational time. The conditional means of the best model show that the IMF crisis in 1997 does not change the operational time, but the summit meeting between South and North Korea in 2000 does and slows down the speed of price evolution in the Korean stock market.
Keywords
Operational time , Subordinated process , Structural breaks
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435102
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