The impact of the convergence of the Greek economy to emi in the Stockmarket : Bayes, nested estimation of the stock trends
Part of : Αρχείον οικονομικής ιστορίας ; Vol.X, No.1-2, 1999, pages 41-52
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41-52
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In this short paper we discuss the impact of the convergence of the Greek Economy to the European Monetary Integration on the Athens Stockmarket. We analyze how magnitudes of macroeconomics influence the decisions of the investors. We propose a quantitative model of demand and supply in the Stockmarket inspired from Valtera’s work in Ecology and the equations of populations in competition. We also propose a new statistical method in estimation based on Bayes estimators and the idea of Maldendrot on selfsimilar fractals. We test the method at the impact on price changes, immediately after the devaluation during March of 1998.
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