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Impact of asymmetric information on market evolution

✍ Scribed by Yougui Wang; Yong Li; Mengmeng Liu


Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
371 KB
Volume
373
Category
Article
ISSN
0378-4371

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This paper analyzes the impact of global risk appetite on the risk premium utilizing high-frequency data. Taking the Turkish economy as our laboratory, we find that the risk premium volatility responds only to a worsening in the risk appetite for the Turkish economy, which is a result that we do not